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What is the front-load, and how much is the return in the 45th year?
Still posting some funny-skewed (400,000) numbers ?
Linn slides showed their profitability for their Bakken wells at an average of ~ 50% which were listed as high as about 70% on earlier presentations (I will need to check which presentation dates).
The State of North Dakota lists the profitability of Bakken wells as NOW at about $20,000,000 each one NET PROFIT...
You still dreaming about your false information that you posted?
A typical 2012 North Dakota Bakken well will produce ......45 years the average Bakken well:
Produces approximately 615,000 barrels of oil
Generates about $20 million NET profit
I think that the number will possibly be adjusted upward as technology improves even more in the next few years, because some bakken wells are NOW already at an EUR of 1,000,000 Bbls.
the ND number adjusted to that, from only an estimate of 650,000 may become a NET PROFIT more like about $30,770,000 for each bakken well.....right?
Please feel free to check the math using the state of North Dakota numbers, directly with Linn to confirm their profitability numbers, or with ANYONE you like.
Sentiment: Strong Buy
$20,000,000/45 years= $444444
Since you can't divide.
What is the front load profit for the first five years? And how much does it make in year 45?
Using the current Bakken oil price of, say, $75 gross at the well, does this still apply?
I din't expect any reasonable answer, so don't bother. This is for everyone else who reads this.
What oil price do they use to come up with the $20 million?
I can't help it if you can't divide.
I guess the oil price doesn't matter to you, which makes sense if you don't know how to multiply either.