Announcement

Collapse
No announcement yet.

TrendXplorer: January 2021

Collapse
X
Collapse
  •  

  • TrendXplorer: January 2021



    The Trend still maintains predictability almost definitely because of the core. We had 90.9 Bcf of constructive reserve revisions, primarily resulting from Haynesville proved undeveloped reserves coming back on the books using common costs for 2013 of $3.67 per fuel and $96.94 for oil. We are unable to get down to the obstruction within the frac plug in the lateral at approximately 500 ft, and we predict it is probably going as a result of tight spot in the casing. Cross it with a Beagle and get a Puggle. The truth is I would not count on this rule to carry out very nicely, since loads of people have discovered that cross sectional momentum works kind of okay in some asset classes (read this: thank you my ex-colleagues at AHL) and this is doing the other (sort of). Gil talked about the standing of the Weyerhaeuser fifty one well, which was drilled successively in the decrease target, so I will not spend any further time in my ready remarks on that properly. Just just like the Haynesville, where we took our drilling days down from 13 from the start to finish, by 13 from start to complete, where effectively prices went from over $10 million to roughly $7 million, and the place we ultimately discovered the optimum drilling and completion strategies, and got to repeatable constant outcomes, we really feel the identical will hold true over time in the TMS.


    Total refining and development cost was $21.07 per BOE, and proved developed timing and development cost was $32.89 per BOE, when calculating off a 2013 drilling and completion price, including pipe conversions. Production for the quarter totaled 7.Four Bcf equal, or an average of approximately 81 million cubic feet equivalent per day, with oil comprising 29% of the full and 67% of revenues. Prior year quarter adjusted EBITDAX of $50.5 million, included $17.1 million in realized gains on derivatives, largely natural gas swap contracts that expired at the tip of 2012. Revenue for the quarter totaled $50.6 million, an increase of $2.3 million or 5% over revenue for the comparable interval last yr, with oil representing, as Rob talked about, about 67% of oil and fuel revenues for the quarter. We reported yr-end reserves of 452.2 Bcf equivalent, a 36% enhance over the prior yr period. Our $300 million preliminary estimate within the TMS is topic to continued success, and predicated on drilling or participating in 32 gross, 23 internet wells for the yr, which might have us reaching 5 rigs by the end of the yr. In the Eagle Ford, we have now allotted $45 million to drill 9 gross, 6 web wells, with 1 rig presently operating.


    And a close to-term plan to make use of composite plugs, which we will drill out after frac operations, as we look forward to the market to proceed to refine the technology and optimum solution for the everlasting style plugs, which we believe still hold great potential for the play. However, there are limitless alternatives in how an app improvement firm in NYC can push the know-how ahead. Over time, nevertheless, the properly's fluid charges, stress and chemical tracer information again counsel that we've plugging happening within the lateral. The Foster Creek has 2,100 ft of lateral at the identical initial manufacturing rate, and has had a very flat production curve, which we will be exhibiting in future slides. A great analog in the sphere to manufacturing from the Huff is the Foster Creek nicely, which can also be an higher target nicely. And our Foster Creek has had a really stable production profile and is producing extra per 1,000 feet of lateral than any of the other wells in the play. However, it seems we could also be getting some contribution from the lateral at the reported charge, as 500 barrels of oil per day from 500 toes is just too prolific versus previous outcomes and expectations.


    We're drilling the lateral on our Blades Well in Tangipahoa Parish, Louisiana and just getting began in the C.H. We are at the moment fracing our CMR 8-5 nicely in Amite County, Mississippi, which is a 5,300 foot lateral with a deliberate 20 stage frac. Our Smith nicely is at or slightly above our 600,000-barrel curve, despite the fact that 2/three of the 1-inch ID frac plugs are still in the opening. Many of our non-operator wells are additionally trendy boutiqueing round or at our 600,000 to 800,000-barrel curves as nicely. Much more annual fluctuation, but the smoothed curves track properly. We have allocated $300 million to the TMS, but are at the moment operating at a a lot slower pace than that, with 2 rigs working currently and a third arising in March. CapEx guidance for first quarter '14 is $forty five million to $60 million, which is clearly at a much lowered run price than our preliminary 2014 funds, as we had again-finish loaded on the finances to permit for developing finest practices previous to working at full speed. The Pause starts from the primary crossing of the x-axis, which I've marked with a crimson circle. When the precise crossing occurs my place will be zero.

      Leave a comment

    Latest Articles

    Collapse

    Working...
    X