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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: russwinter who wrote (22619)5/16/2003 9:24:43 AM
From: Ed Ajootian  Read Replies (2) of 206326
 
Russ, I agree with alla your points other than the first, at least as that relates to my earlier post. I was talking about near-term (i.e. next 3-4 months) increases in supply. Any such increases would only come from wells being drilled now or very soon.

Whether a well is an exploratory well vs. a development well does not give any indication of the expected production rate. If anything, my experience would say that many times the development wells are able to target a sweeter (i.e. updip) part of the target structure, where the pressures are greater, and thus produce at greater rates than the exploratory well that discovered the structure.

Obviously once you go out more than the next 3-4 months then it matters what wells are being drilled now. Which brings up a question, how do you know most of the wells drilling now are development wells?
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