RE:Decline Rateskcac1 wrote: My understanding of the desired decline rates is they are using 85%@ 12 mo since they are using Granite Wash as an analogy. One of the Companies that has worked Granite Wash is Chesepeak and in their public material they said that 85% was their aveage 12 month decline. However, due to the 3 times price advantage, a Thrace well could have a decline as high as 95% @ 12 months and still have an economic well.
With that, you would probably need to be in the 1.5-2 bcfe of production in the first 12 months. But that's 10+ mmcf/d to start, and better be under 10m a well(of any style). 95% wont even allow for any kind of base production to build from