Post by
superdave2 on Apr 30, 2010 12:00am
Math Lesson
4200000 / 1000 = 4200MBH x $3.98 = $ 16716/day x 365 = $5 014 800.00 year also remember maintenance shut downs etc.
But hang on a minute there is more to this puzzle.
Now there are a million variables with gas, pressure is a big one, think of the gas bearing formation like a balloon full of air that you are holding the end of when you let it go (drill a well and let it flow to surface) the built up pressure in the balloon comes flying out initially and then as the balloon deflates it comes out with less force until near the end it barley comes out at all. Now take the same balloon and instead of taking your finger off the neck of the balloon completely you pinch it a bit and allow it to come out more slowly the air still comes out but at a similar volume all the way through until its empty.
Don't confuse volume with pressure. They will need to find a volume that the well can support evenly, if the pressure is sustainable then maybe they can up the chock and produce more if tt won't sustain the pressure then it will have to be less.
They did not say how long they flowed the well for to calculate 4.2 MMBH, they did say flowed at a stable rate, don't forget the important part of this news release "further flow tests and pressure buildup analysis"
if its a small balloon then it flow at high volumes for a very short time, if it is a significant volume field then it will flow at higher rates for much longer. How fast the pressure builds back up at the well head will tell them their answers.
I am encouraged by what I have read so far. Too bad the Gas markets is weak. They could always shut it in and wait for better days I guess.
SD2
Comment by
toto3321 on Apr 30, 2010 12:21am
Excuse my ignorance, superdave, but you've divided the number of cubic feet per day by a thousand to get millions of BTU per hour (MBH)... I don't get this one. I'm also confused that you include a time factor in the price of the gaz; doesn't make sense to me...Could you explain please? Could help others as well...ThanxToto