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Lynn Helms - Director's Cut

Jan 16, 2018

Lynn HelmsOil Production
October 36,698,095 barrels = 1,183,810 barrels/day (final)
November 35,847,594 barrels = 1,194,920 barrels/day (preliminary)
(all-time high was Dec 2014 at 1,227,483 barrels/day)

Gas Production
October 64,027,664 MCF = 2,065,409 MCF/day
November 62,860,261 MCF = 2,095,342 MCF/day (NEW all-time high)

The drilling rig count was down two from October to November, decreased another two from November to December, and is currently up four from December to today. Operators have shifted from running the minimum number of rigs to incremental increases and decreases as WTI oil price moves between $45 and $60/barrel. Current operator plans are to add 5-10 rigs in the second and third quarters of 2018 depending on workforce and infrastructure constraints.

The number of well completions has become highly variable from 81(final) in October to 60 (preliminary) in November.
Estimated wells waiting on completion is 883, down 6 from the end of October to the end of November.

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