How Many WellsDo we need before we get Sp appreciation above 50 cents. Considering a few months ago while gas prices were real high we only had 2nd well come on online. Prices have fallen as expected and we are now on Well #5. Art did say once 5-7 wells are online then the opertors would bump up flow rates significantly. We had 16mcf on last well and dialed back to 6mcf roughly, do we need 30-45mcf well to bump it back to 16 mcf to get sp appreciation? As some posters have said this will be a slow and steady climb over the next several years unless we have prices soar again in the coming months.
Well #5 should be online by May 20th ish ?
GB