As gas wells they will flow for years with virtually no maintenance.
HOWEVER
(the following is an excerpt from a larger report)
The analytical framework of EIA's new Drilling Productivity Report (DPR) accounts for integrated production of natural gas and liquid hydrocarbons. In some cases, the classification of oil- or gas-targeted rigs, which is the focus of traditional rig-count methods, has changed from day to day. A more meaningful way to classify wells is to allocate the amount of oil and natural gas that can be expected to flow from each new well in a given play. This approach uses oil and natural gas production at the well before any flaring, refining, or gas processing. As such, all hydrocarbon production in the liquid state at the wellhead is treated as oil, and all unprocessed gas production (known as gross production) is treated as natural gas.
Oil and natural gas producers adjust their formation targeting in response to changes in the market value of natural gas and liquid hydrocarbons in an attempt to focus on the more profitable products. In some plays, careful study of the geology allows the producers to maximize production of the more profitable hydrocarbons (liquids or gases), based on current and expected market prices.
I is quietly confident!!!! said the crocodile to the duck. Keep the faith.
FPL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held