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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Stockbull who wrote (67280)	5/29/2000 8:31:00 PM
From: Bearcatbob	Respond to of 95453

Stockbull, The East Lost Hills Nat gas play will be big news for years to come. Many deep and expensive wells to drill. Nabors is there now! Go to sites below for info. Bob elandjennings.com Subject 10357

To: Stockbull who wrote (67280)	5/30/2000 1:31:00 AM
From: Douglas V. Fant	Respond to of 95453

Stockbull, Flow rates for gas wells vary by field, by well type (traditional or horizontal), type of field, and the type of drive mechanism in the field. And a "good flow rate" is a rate that covers your investment and pays you a return. Now in saying that I am not being flippant because it does vary by well and location. Offshore GOM anything less than about 3mmcf/day would probably be disappointing. Onshore in the Williston , Arkoma, Panhandle, Wind River Basins,etc, a well producing 1mmcf/day would not be too bad....Then up in the new gas fields in the NW Territories where no infrastructure is yet in place you'd probably need 5-7mmcf/day in order to be economically viable. So in the Lost Hills a 1mmcf/day well would throw off $4,000 US Dollars/day of gross revenue, $28,000/week and about $1.2mm US Dollars gross revenue annually....