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Abraxas Petroleum Corp. Message Board

  • thebuzz321 thebuzz321 Jul 10, 2013 9:20 PM Flag

    sting ray now producing 1252 per day

    that's one of the best wells out there after producing close to a month. Pay back in 3-4 months. Shorts are eventually toast. Q3 will be there best quarter for liquids to date.

    Sentiment: Strong Buy

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    • Sorry about that I took these from a spread sheet and had a column for the number of FRAC stages as that has an impact on the cost of a well, and that was stepping in on the IP column.
      How's this one look? These are 30 day IP's of the wells versus cost.
      Well _____ _Length __ Stages _ 30-day IP _ Well $
      Cobra 1H __ 5,000 _ __18 ______ 957 ___ $10.1
      Cobra B 1H _5,000 _ __19 ______ 592 ___ $6.6
      Mustang 1H _5,000 _ __ 19 ____ 1,152 ___ $8.3
      Corvette C 1H _5,000 _ 20 ______ 867 ___ $6.1
      Gran Torino A_5,000 _ _21 _______ 790 ___ $7.0
      Mustang 3H _ 5,000 _ __18 _____ 1,184 ___ $6.2
      Mustang 2H _ 5,000 _ __19 _______ 511 ___ $6.3
      Sting Ray A 1H_ 7,500__ 29 ____ 1,252 ___$8.9

      Sentiment: Buy

    • Well _____ _Length __ Stages _ 30-day IP _ Well $
      Cobra 1H __ 5,000 _ 18 957 _ $10.1
      Cobra B 1H _5,000 _ 19 592 _ $6.6
      Mustang 1H _5,000 _ 19 1,152 _ $8.3
      Corvette C 1H _5,000 _ 20 867 _ $6.1
      Gran Torino A_5,000 _ 21 790 _ $7.0
      Mustang 3H _ 5,000 _ 18 1,184 _ $6.2
      Mustang 2H _ 5,000 _ 19 511 _ $6.3
      Sting Ray A 1H_ 7,500 _ 29 1,252 _ $8.9
      So at 1,252 /D *$100 a BBO * 100 days = $12,520,000 with a 25% production and transportation fee. I would say you made it.

      Sentiment: Buy

 
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