Mr. thackney
You are without question the go to man on oil and gas at FR. Your posts obviously demonstrate an understanding of decline curves and the D&C pace required to maintain production rate.
Have you checked out the public data on the Monterey? It’s sparse compared to the Bakken, but the curve might not be as steep in the area of good wells.
What’s been released to the public shows that batch of decent wells is pretty limited to the current Cal conventional reservoirs oilpatch.
I’ve not laoded that data into analysis tools yet, just given it a cursory peek, but it looks like 1 of every 2 wells around Bakersfield are decent and the wells deliniating the play are dogs, 1 of 10 or 20 economical, assuming $8-10MM D&C cost.
Any thoughts? I’m not investing or promoting, just curious.
I think the Monterey is getting alot of press, but not alot of hard data to back up the technically recoverale reserves.
Do you have a link to the well data?