GEOI » Topics » Gross and Net Productive Wells

These excerpts taken from the GEOI 10-K filed Jun 11, 2009.

Gross and Net Productive Wells

As of December 31, 2008, our total gross and net productive wells were as follows:

 

Productive Wells *
Oil
   Gas    Total
Gross
Wells
   Net
Wells
   Gross
Wells
   Net
Wells
   Gross
Wells
   Net
Wells
456.0    259.2    470.0    130.8    926.0    390.0

 

*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 

Page 25


Table of Contents
Index to Financial Statements

Gross and Net Productive Wells

STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%" ALIGN="justify">As of December 31, 2008, our total gross and net productive wells were as follows:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 














































Productive Wells *
Oil
  Gas  Total
Gross
Wells
  Net
Wells
  Gross
Wells
  Net
Wells
  Gross
Wells
  Net
Wells
456.0  259.2  470.0  130.8  926.0  390.0

 





*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of
fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 


Page 25







Table of Contents


Index to Financial Statements


These excerpts taken from the GEOI 10-K filed Mar 25, 2009.

Gross and Net Productive Wells

As of December 31, 2008, our total gross and net productive wells were as follows:

Productive Wells *

 

Oil

       

Gas

       

Total

Gross

Wells

       

Net  

Wells

       

Gross

Wells

        

Net  

Wells

       

Gross

Wells

        

Net  

Wells

456.0

     259.2       470.0       130.8       926.0       390.0

 

*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 

21


Table of Contents
Index to Financial Statements

Gross and Net Productive Wells

As of December 31, 2008, our total gross and net productive wells were as follows:

Productive Wells *

 

Oil

       

Gas

       

Total

Gross

Wells

       

Net  

Wells

       

Gross

Wells

        

Net  

Wells

       

Gross

Wells

        

Net  

Wells

456.0

     259.2       470.0       130.8       926.0       390.0

 

*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 

21


Table of Contents
Index to Financial Statements

Gross and Net Productive Wells

As of December 31, 2008, our total gross and net productive wells were as follows:

Productive Wells *

 

Oil

       

Gas

       

Total

Gross

Wells

       

Net  

Wells

       

Gross

Wells

        

Net  

Wells

       

Gross

Wells

        

Net  

Wells

456.0

     259.2       470.0       130.8       926.0       390.0

 

*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 

21


Table of Contents
Index to Financial Statements

Gross and Net Productive Wells


As of December 31, 2008, our total gross and net productive wells were as follows:

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%" ALIGN="justify">Productive Wells *

 
















































































Oil

     

Gas

     

Total

Gross

SIZE="1">Wells

     

Net  

STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:19pt" ALIGN="right">Wells

     

Gross

SIZE="1">Wells

      

Net  

STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:19pt" ALIGN="right">Wells

     

Gross

SIZE="1">Wells

      

Net  

STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:19pt" ALIGN="right">Wells

456.0

   259.2    470.0    130.8    926.0    390.0

 





*

There are no wells with multiple completions. A gross well is a well in which a working interest is owned. The number of net wells represents the sum of
fractions of working interests we own in gross wells. Productive wells are producing wells plus shut-in wells we deem capable of production. Horizontal re-entries of existing wells do not increase a well total above one gross well.

 


21







Table of Contents


Index to Financial Statements


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki