Oilconsultant, Take Your Pump and Dump NWX, and Beat It!Move along Oilconsultant, and quit cyber-bullying us on this board! We'll invest in NWX when we see a proper reserves report, like every other oil company has to put out! (Even the bankrupt ones, have reserves report.)
You say I know nothing, but I do know quite a bit about the business. In oil, it is better to be lucky than smart, as many around the patch could tell you. You sound like a very lucky individual, because you don't sound very smart.
I did do some research, and found a nice paper, presented in 2015, discussing the Bauer Field:
https://www.searchanddiscovery.com/pdfz/documents/2016/110225buick/ndx_buick.pdf.html
The paper states the field will have a "2P EUR of 20 MMbbls, to get up to a 75% Recovery Factor". A 75% Recovery Factor is fantastic, and is possible in very permeable reservoirs.
I don't have all the numbers, but I can see from the one production graph on page 23 of the presentation, that the field has been doing about 11,000 bopd, for the last several years.
So let's estimate the current recovery:
11,000 bopd X 365 days X 4 years = 16 MMbbls
This would mean that the Bauer field has about 4 MMbbls remaining reserves. The problem with a very permeable reservoir is the water displaces the oil very efficiently, until it reaches the wells, then the wells rapidly water out.
This implies that by the end of 2017 (it will tail out for a bit longer, but you get the idea) the Bauer field will be essentially done. It will still make some oil, but 1,000 bopd, is alot less than 11,000 bopd.
So this suggests that NWX could see a significant decrease in royalty income, throughout 2017. Yes there are other pools, but we just can't tell what amount of income comes from other pools. NWX likely doesn't want to disclose that, as it may scare investors.