To better reflect the gross reserve potential of the 3rd Bone Spring wells to be drilled in this core area, east of the Pecos River over the next several years we have adjusted estimated average ultimate recovery to 475,000 BOE per well and we estimate the product mix to be 66% oil, 18% liquids and 16% dry gas.We’d released a post-plant type curve and cumulative production curve for our 3rd Bone Spring wells scheduled to be drilled in 2012 through '14. You can see these curves on our website. The key takeaway, I believe, is about $100 oil and $4 of natural gas. We estimate these wells will generate an outstanding return of 72% before-tax rate.
Energen Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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