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Earthstone Energy, Inc. Message Board

  • realinvestmentstrategies realinvestmentstrategies Mar 16, 2013 2:59 PM Flag

    Future production estimates...

    Production results for the following 11 new wells were reported for January, 2013.

    Jay 24-13 1H……………. 1924
    Chameleon State 21-2H….3103
    Chameleon State 21-1H….4205
    Knight 35-26 1H…………6637
    Beaux 18-19 1H………….7556
    Nelson 14-23H……………7609
    Gunderson 15-22 6H 9102
    Maston 34-27 1H………..10534
    Gunderson 15-22 2TFH….10735
    Skarston 1-12 1H…………11589
    Johnston 7-6 1H………….12533

    I didn’t see any results for the remaining 18 wells that were scheduled for development in FYE March 2103.….

    Federal 1-5H Schmalz 34-22H Richard 8-5 1H Richard 8-5 2H Banks State 16-21 3H Banks State 16-21 4TFH Enderud 9-4 4TFH Cheryl 17-20 1H Cheryl 17-20 2TFH Cheryl 17-20 3TFH Cheryl 17-20 4H Gunderson 15-22 3H Gunderson 15-22 4TFH Gunderson 15-22 5H Topaz 20-17 3H Topaz 20-17 4TFH Samson 29-32 3H Samson 29-32 4TFH

    I’d guess once the results for all 29 wells are coming in, we will see quarterly production of 50,000 barrels and quarterly revenues of $5,00,000. We can see there is a lag from the time of the investment to the actual results, so it may be 2-4 more quarters before the we get there.

 
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