Saturday, March 4, 2017

My Bad! I Completely Misunderstood The Question -- March 4, 2017

Updates

Later, 11:02 a.m. Central Time: see first comment; great comment!

Original Post 

See first comment at this post: http://themilliondollarway.blogspot.com/2017/02/random-update-of-eogs-paul-1-19h-in.html.

At that post, go to the production profile and note the natural gas data: MCF production, MCF sold, and flared/vented.

The reader was curious what was happening to all the natural gas that was produced? None was reported as sold, and the amount flared was well less than the amount produced. I completely missed that.

I don't  have an explanation. I assume this is not the only case. Another thing to watch going forward.

2 comments:

  1. It may not be enough to mark the discrepancy, but sometimes the gas runs the pumps for the well and causes an amount not to be sold or flared. Also some of the larger multi well pads end up with screwy numbers which I have not yet figured out.

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    Replies
    1. Wow, you are so correct; I completely forgot about that -- using natural gas to run the pumps, and EOG would be the company to do that. Great comment; much appreciated.

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