don't forget that's 1 horizontal..if they multi batch and with ordered materals.multi drill etc the costs come down but the gas production price doesn't!..1 well can have 16 laterals from it..on 1 pad 16/20 wells can be done x that by 16..cost is dramatically reduced but gas prices stand the same..these wells are to see if production can be achieved and if so..economic commercialality..then times that by 1000s of wells over decades..costs tumble..ie one after the other after the other and so on..atb links
I watched the video recording of this interview and he did say that 1.5mmcft/d would be a commercial rate, although he would like to see a lot more than that. At Â£6000 per mmcft that equates to Â£9k a day or Â£3.2m a year. Bearing in mind the cost of the well (Â£10m ?) I fail to see that as being a commercial rate in any shape or form. If the well were to flow at that rate for 20 years then you could argue it was, but this is a shale well and they don't usually do that. . . . . Aurelian had 3.2mmcf/d from Trzek 3 and that was considered a failure. So I have no idea why he quoted such a low figure from a frac'd horizontal.
The headline figures from bnk might make the uneducated sell first thing. Cracking the code and getting good flow rates from a shortened frac will get the educated all hot and bothered. This is not about production from this well. it is about proving the concept and#
1.5mmcfd and over is the mark needed to hit to be commercial as stated by 3legs ceo..sle got at lowest 200,000scfd from 1 half of the formation..bnk are doing both ie 50m,so going on JP remarks on lewino results and extraproaling it by 7..200,000x2=400,000scfdx9=3.6mcfd..=commercial flow rate..this is low end could be more or less...but I wouldn't be calling it a failure yet..if they got effective stimulation on 9 fracs it means they got the proppant to connect..fingers crossed!!
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