From 1,600 bbls/month to 13,000 bbls/month -- an 8-fold jump in production.
The well:
- 24163, 759, Enerplus, Cirrus 149-94-33D-28H, Eagle Nest, t4/13; cum 279K 9/19;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 9-2019 | 29 | 12689 | 12723 | 10419 | 19034 | 12452 | 6483 |
BAKKEN | 8-2019 | 31 | 7797 | 7322 | 7187 | 11696 | 5004 | 6599 |
BAKKEN | 7-2019 | 31 | 1440 | 1415 | 1077 | 2160 | 4 | 2066 |
BAKKEN | 6-2019 | 23 | 965 | 976 | 744 | 1447 | 93 | 1289 |
BAKKEN | 5-2019 | 31 | 1589 | 1734 | 997 | 2383 | 1330 | 964 |
BAKKEN | 4-2019 | 30 | 1595 | 1736 | 1135 | 2393 | 1158 | 1148 |
Back of the envelope, a mom-and-pop mineral owner:
- 1280-acre spacing
- own 160 acres
- 1/8 royalty (12.5%)
- $40 oil
- decimal unit works out to:
- 160/1280 = 0.125
- 1/8 royalty = 0.125
- 0.125 x 0.125 = 0.015625
13,000 bbls x $40 x 0.015625 = $8,125 for that month for that one well, this past month, 9/19.
(There would be several wells on this drilling unit.)
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