GREY:BXEFF - Post by User
Post by
canoe2000on Mar 08, 2012 8:40am
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Post# 19642214
interesting graph
interesting graph When you go to the graph of well production compared to the industry average, you can see that BXE gets twice the oil in the first year that other cardium producers do. I estimated some numbers based on their curve and they get about 127K bbls from an oil well over the first year, for a yield of at least 6 million profit per well($50/bbl oil). Then in the second year, it looks like the profit could be as high as 1.5 million. We don't have data on the third year, but it could well level off and be 1 million a year producer, say 50 bbl/day.
I would welcome anyone elses numbers.