Wed, Sep 17, 2014, 11:58 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Magnum Hunter Resources Corp. Message Board

  • lexpress56 lexpress56 Oct 17, 2013 11:29 AM Flag

    Why is current production still so low?

    the new presentation for October has some positive pieces, but it starts with a statement that current production is around 16.5k a day. I looked back and the June presentation had 17k a day as its current estimate. Why no significant increase in four months? --particularly when most of the Bakken production increases are third quarter events (at least for other companies) given lots of well completions following a lot of drilling during the cold weather season. This is one bothersome part of the presentation to me; anyone have ideas as to why we aren't a bit higher? Lex

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I think it's just the fact that most of the production is on a steep decline curve. That is one issue all shale producers must cope with. Unlike conventional production, a company must continue to pump capital into new wells. A different sort of an animal, for sure.

      • 1 Reply to slabman1
      • Agree, plus, the only Marcellus wells completed were the stone JV wells that aren't very good. I think they were holding off drilling in the Marcellus until they fixed the pipeline problems or completed connections. The only williston basin wells in the first 3/4 of the year were non operated, as i think they were spending most of their money the first 3-4 months of the year in the EF trying to bump up production.

 
MHR
6.38+0.15(+2.41%)Sep 17 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.