The update is important for three reasons:
- The update demonstrates the huge increase in activity since originally reviewed
- One can compare IPs and cumulative production in the same field between BEXP and other producers
- A comment on flaring
Most of the Painted Woods wells are BEXP wells, but there are enough other wells by other producers that one can get a feeling for the difference in IPs and cumulative production among various drillers. It is very, very interesting. I think the discussion regarding "inflated" IPs is starting to gel.
And finally, I added a note about flaring at the bottom of the post on the Painted Woods oil field. I think there are reasonable explanations for the flaring issue.
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