as Meatloaf once said1 out of 6 ain't bad
about 200 yds south of the NOG sept well on section 6 sits an old pump jack well drilled by a company called Murphy Oil back in the late 60's
CNRL bot out Murphy's Lloydminster assets years ago....but i digress
ran into the cnrl guy yesterday, he tells me that old well is one of the best wells around
it pumps 5 cubes of oil and 1 cube of water everyday....and it has pumped slowly for as long as anybody can remember and it never needs servicing and it runs on casing gas
so 5 cubes is approx 30 bbl x $50 = $1500 a day/365 days a year
anyway, 16% water ain't bad at all
we can probably use that number for NOG's wells on section 6
later
Manny...gonna shoot sum gophers today, don't worry Shawny, i won't hit your wells