"I just love the OP's assertion/wishful thought.....
"If Marion gets 10 Wells producing at 10 TIMES the average production rate of the Active Wells in Utah, within 12 months"
Hahahahahahohohohohohohoheheheheh - continue the belly laugh for many pages.....
That sort of statement goes way beyond the realms of wishful thinking - even for kinder kids.
I think we'll all win Powerball before that happens."
Yes it was meant to be at the high end.....
Now here are the facts...
Utah Produced 470,576 mmcf from ALL of its wells in 2013
Utah has 11,700 producing wells...
That's an average of 40.2 mmcf per well per year
10 times the average is 402 mmcf/well
10 Wells 4020 mmcf/well
Current Gas Price $4.70...
Production costs around $2.00 If they are very lucky!
$2.70 left over...
Less royalties, and the fact they only have 75%...
About 64% left...
or $1.72/mcf
Total Revenue for 10 wells with 10 times the average gas production in Utah.....$6.9M
Less interest payments
Less Corporate Overheads
Workovers?
New well costs?
What will be left for shareholders?
What are the risks?
reality check, page-21
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