RE:From Joe In the future we will recomplete RCE-1. RCE-1 was drilled and put on production in 2019. It was the discovery well at RCE and produced from the C7. Today it is still producing, however, it has high water cut and it is only producing approximately 100 bblsof oil per day gross (50 bbls of oil per day net).
We will contract a workover rig and are expecting to recomplete RCE-1 in the Gacheta formation.
We have no other workovers planned in 2023 at this time.
Arrow has a very low abandonment liability. The majority of our wells are new and are still great producers. Intervention/Recompletion projects normally take place when a company has older wells that are low producers. That is not the case for Arrow.
There is recompletion opportunity as our wells have multi zone potential. We will see more activity of this kind in the future.
Let me know if any of the above is not clear.
Thanks
Joe