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BP Prudhoe Bay Royalty Trust Message Board

  • swedelo swedelo Oct 14, 2013 1:05 PM Flag

    Average daily production?

    Just wondering when the shoe is going to drop when seeking alpha or WSJ or whomever the minions will be this time notices last quarters average daily production was around 72K / day instead of 90K. I can almost smell the ink on the "BPT OVERVALUED" declining production article.

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    • One thing everyone should remember. It is cheaper to drill new wells to increase production to make the project economic, than it is to abandon the field. This is true even if the wells are marginally economic. Economics will dictate that production be increased in the future to delay abandonment.

 
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