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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

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    • 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.