RE:Jan production data on PetroninjaThe 2 mile wells cost $4.5mcad on average and that monster well hit its payback in about 90 days at $65ed and $2.4gj.
Some of these cheddar wells hold a ton of gas. Slowly rising to 2,000mcf/d. In a couple years I question if the ng at $2.0 can cover its operating costs if they can reach 80,000 to 90,000mcf/d. Cheddar has 46 mmcf/d capacity. They really expanded their handling capacity before they grew into it. Apparently it was low cost to expand it now.
100/01-06-037-07W5/00 Doesn't look like it has been opened much.