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PRD Energy Inc PREGF

Financial Services
PRD Energy Inc is a development stage company. It is seeking farm-in arrangements with oil & gas operators and several exploration & production licenses.


EXPM:PREGF - Post by User

PRD Energy Inc
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Comment by Chevy_Chaseon Feb 13, 2014 10:38am
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Post# 22204592

RE:RE:Well Spacing?

RE:RE:Well Spacing?Just trying to come up with a back of a napkin model.  Assuming PRD is able to produce 300 - 500 barrels every day per well, hypothetically how many producing wells could they put into 2 million acres?  I am wondering what the industry standard is for well spacing?  What is the standard well spacing in the Bakken area?  If successful, how many wells would they likely drill in the next 4 years?  Yes, I do like to imagine the possibilities and I am not ashamed of it.
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Dealroom for high-potential pre-IPO opportunities