Marty,
You are looking for production numbers. Oil companies do not report by the day or by the week, it's by the month. They do have daily production numbers from the pumpers reports, but as to looking at them daily they don't unless a problem has been reported. After the initial production test is done, daily production is watched for 1-2 weeks for any abrupt changes, then after that only when abrupt changes occur. If you want to know the monthly production numbers call Petroleum information/Dwights information in OKC. They can tell you what the most current reported production is. Reported production doesn't come from the operator it comes from the oil purchaser.
Have looked into some of the cumulative production from the Bigfoot field based on the production of HCM. Total production in 1997 for the Olmos B sand was 175,297 BO, 57,155 mcf . Based on production decline curve, this field shows good reservoir characteristics, especially being as shallow as it is. HCM has also expanded their drilling program for this area in the last 6 months. I'm trying to find what CAYC is looking at as far as their interest in OLEX.
Not hyping this stock in any way, just passing along information
SteveT |
