Thu, Aug 21, 2014, 2:07 AM EDT - U.S. Markets open in 7 hrs 23 mins

Recent

% | $
Quotes you view appear here for quick access.

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.

 
ESTE
34.9999-0.6501(-1.82%)Aug 20 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.