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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: KyrosL9/21/2007 6:15:42 AM
  Read Replies (2) of 206330
 
Need some oil/ng reserve pricing help from the thread experts. How much will the following oil/ng producing properties fetch in today's market? Rough estimates are fine. Those are the properties ENT is putting up for sale. Thanks.

waterous.com

Here is the summary:

* Current production (1)
o Natural Gas: 3.0 MMcf/day
o Oil (4) : 1,661 bbl/day
o Total: 2,157 boe/day

* Reserves (2)
o Total Proved: 3.06 MMboe
o Total P+P: 4.25 MMboe

* Reserve life index (2)(3)
o Total Proved: 3.9 years
o Total P+P: 5.4 years

* Net undeveloped land
o ~ 35,000 acres

Notes:
(1) Estimated sales production for week of August 19, 2007.
(2) Sproule & McDaniel Mechanically Updated reserve reports, effective July 1, 2007; McDaniel July 1, 2007 pricing.
(3) RLI based on production for week of August 19.
(4) Oil includes NGL production volumes
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