Charles--As you know, the Burn Unit at Johns Hopkins has advised me to make no more PREDICTIONS. I do know that my posts of the past had made statements concerning the throughput expectations, parametrically ranging from say 500 to 2000 bbls per day.
I made those ranges on the ASSumption that compliance might take a while to filter down to the Class V generators(who are now just indiscriminately dumping). I also noted that the the market was generating over 50,000 BBL per day of waste. So, even slight compliance could reach the 7500 BBL limit of the original Enviro Tec well. Nevertheless, in my attempt to not seem like I was hyping (which turned out to be a fruitless effort), I used those low ranges of 500 to 2000 bbls per day, which translated to anywhere from 1.25MM to 14.5 MM per year depending on price per BBL range of 10 to 29 dollars. I will not make future estimates now; I will leave that up to everyone to pick their price and throughput.
Again, I NEVER ONCE locked in on some pie in the sky value of throughput or price per bbl. Oh well, the skin grafts should take in the next few months.
So, I'm not going to make a mistake in estimating now. What I will ask all to consider, repeating this is a question not a prediction, is the following:
Do you think the State increased the max throughput to 14,400 from 7,500 bbls/day because maybe, just maybe, they thought the demand existed?
Good thing the well wasn't approved for 30,000 bbls/day or the stock might have gotten hammered today.
TG |
