How to find out dollar per day production from ohio dnr site

Does any know how to do this? Using the link below I picked out a line at random. Any help will be greatly appreciated.

http://oilandgas.ohiodnr.gov/production


34059241900100 2014 1 ANADARKO E & P ONSHORE LLC GUERNSEY SPENCER FREC GUER SPENCER A-1H 987 22130 719 71

Oil. Gas. Brine. Days in production


Thanks!

Views: 295

▶ Reply to This

Replies to This Discussion

Permalink Reply by John on July 21, 2014 at 7:15pm
Sorry copy and paste did not work well

Oil=987
Gas=22130
Brine=719
Days=71
Permalink Reply by Dexter Green on July 21, 2014 at 8:56pm

Hard to give a realistic price of per day production because we don't know what percentage of the gas is coming out as a liquid, what the shrink is, whether ethane is rejected, etc.  Assuming strip pricing and that the gas is purely dry (it isn't but let's pretend) you're looking at $1,251/d in oil and $1,246/d in gas.  

Now we'll do a conversion with liquids.  Let's say 67 bbl/NGLs per MMCF.  That's 208 bbl/d of NGL.  $40/bbl pricing is a round number, so $8,320/d.  Gas is shrunk by maybe 38%.  So that's 193MCF/d.  That means $723/d in dry gas.  

Total: $8,320 NGLs + $723 CH4 + $1,251 oil = $10,294/d gross

So $2,058/d LOR assuming a 20% RI.  That's $12.86/ac/d

Hope that helps.  

Permalink Reply by Philip Brutz on July 21, 2014 at 8:48pm
Permalink Reply by John on July 21, 2014 at 9:04pm
Thanks guys! Really appreciate it. Relatively new to this and trying to figure out how things work.

Cheers

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service