Summary

All wells were drilled, completed and stimulated at time 0. Average values of the curve were used for

operating costs and discount. This would skew results slightly due to most production happening in the

beginning of production but this production being discounted at a higher rate. This however is not a

significant error because the goal of the project was to determine the correct number of wells that is most

economically efficient and by using these average values of the curve it allowed for calculations to be

greatly simplified. Slightly prior to 1620 days 1 well in both the 8th and 9th panel should be shut in

because the operation costs for keeping the well open may exceed the flowrate necessary to break even.

Flowrate should be closely monitored by the operator to determine the exact time. The values for the 8 th

and 9th panel do not reflect this possible shut in. The actual profit of this project will be higher due to

discounting at a higher rate than given due to taking the average value, and by not accounting for the shut

in of the wells in the 8th and 9th panel.