Post by
InvestLargeC on Dec 25, 2014 3:54am
RE:Very Low Cost Very Low Decline Rate, High IRR oil wells
Given that we talk for a re-entry and completion in a conventional well, the cost is less than $500,000 per well.
Comment by
perdikaoilgas on Mar 12, 2015 4:12am
This is correct. And, QXP gradually moves to a 50% oil 50% gas commodity mix. The key thing is that QXP's oil is coming from conventional, cheap, low decline wells. QXP's oil wells have nothing to do with shale. QXP's oil is also coming from workovers and recompletions which are super cheap too.