1.9 BCF calculation
Please someone correct me if i'm wrong but here's the math i came up with.
1.9 BFC for 2/14 zones = 1,900,000 MCF
1,900,000 MCF x 1.1% = 20,900 MCF
20,900 MCF x 269$ per MCF = $5,622,000
For shits and giggles let's assume the BCF extrapolates for all 14 zones. That puts the well @ $39,354,700
I used the crude MCF price so i would expect much better gains once processed.