He said the industry had earlier faced hardships, but it never experienced such a prolonged shutdown in the second flush production
One objective was to characterize each of the 9 plant species with respect to growth, architecture, and flush production
under greenhouse conditions.
The Company has elected to defer the start-up of the majority of new Q2 and Q3 2016 wells until the fourth quarter to avoid selling high-rate, initial flush production
into a particularly weak natural gas price environment as the Company is expecting stronger natural gas prices in late 2016 and in 2017.
8220;Over the coming months,” said TAG Chief Operating Officer Drew Cadenhead, “we'll be monitoring initial flush production
rates and analyzing plant performance.
As a result flush production
rates have been choked back until a gas stripping plant and water and gas injection facilities are in place.
These eleven wells are estimated to increase field production to approximately 200 - 225 BOPD equivalent after flush production
At the very least, current conditions will reduce first flush production
by 50% and thereby stimulate a nearly commensurate increase in price.
Hopefully this will exceed the aggregate 1,500 bopd barrels of oil per day reported on shut-in in 2006 by previous operator Shell, given initial flush production
After initial flush production
it is anticipated that daily throughput will stabilise at pre-shut down levels of 11,000 barrels of oil per day.
Production is on budget but has declined from Q113 average of 8,800 boepd due to flush production