Post by
Margin321 on Dec 14, 2022 12:27am
2.8% helium is a fine concentration number
BUT we have no indication of the rate of raw gas at which the well will produce. 2.5% of a lot of gas is a lot of helium with good economics, 2.8% of a littlegas is a litte helium with more questionable economics.
In the past they gave flow rates of tested zones. It is kind of meaningless without that.
Comment by
tylerod1 on Dec 14, 2022 8:57am
A poster on another site made a good point, flow rate on this well at least out of the gate is irrelevant because it will be trucked in intermittently. Relevant though wnen calculating reserve reports later on.
Comment by
deercreekguy on Dec 14, 2022 8:08pm
I know I am showingg my innorance, but I simply do not understand wat waas ment in the lastnews release that the gas would be "metered" and then shipped to the processing center. Can someone tell me what this metering entails? Regards to the very longs like we are.
Comment by
ScaleofSale on Dec 15, 2022 1:16pm
Metering is required as far as I am aware, not an expert but it must be done at the well head. It will likely be necessary at other points in their extraction system/plant. Primarily it is for flow. I interchange metering with measuring, or that's how I make sense of it. Coles notes as I'm more aware of the crude process than Helium.