Medusa Update # 3
We discussed this big, long, expensive Medusa pig before on Oily Stuff here, after it set Permian Basin records for the longest lateral, and updated it again, here, after it was completed.
We now provide an update on it herein, after month four, where productivity appears to be about ready to roll over and begin its long, arduous decent to the basement.
Click to enlarge, shaleprofile.com
We checked the BOE bullshit at the door and chose to focus on the stuff that makes money. Sorta. On pretty good sources this was a plus $11MM well that we believe, at $58 WTI, will need to make 440,000 BO to pay back full cycle D&C costs.
It ain't likely gonna make it. Borden County is a tough place to try and make a shale oil living.