Post by
GGDawg on Jan 25, 2023 6:54pm
Do I get this right (mmcf)?
Avanti Helium just announced a well at 20 MMCF per day. How does this compare to DME's 24,214 MCF per day 10-1 well? My understanding is that 24,214 MCF is the same as roughly 24 MMCF which would mean both Avanti's and DME's wells are roughly equivalent. Except that DME's is at 7% He vs 1% in Avanti's case. Is my understanding of the flow rates (MCF to MMCF) correct?
Comment by
fredo1 on Jan 25, 2023 11:20pm
You are correct. But, these are not stabilized flow rates which will be much, much lower. Also, Avanti's location means a significantly lower price for it's He.