NiMin's Ferguson Ranch field currently produces 98 barrels of water for every 2 barrels of oil according to the Wyoming Oil & Gas Commission website. The water cut is natural and not the result of a EOR waterflood.
The first NNN operated well was spudded on the 3. of February and the the second has been licensed.
The last three wells that have been drilled into Ferguson Ranch have a cumulative production to date of 73,132, 328,366 and 175,609 bbls of oil respectively. The 334 000 bbl EUR per well used by NNN seems to be best case scenarion, a more realistic estimate would probably be 150 000 to 200 000 barrels. Then again I'm not an engineer nor I'm a geologist. Well completion technology and reservoir modelling has improved significantly since those wells were drilled.
"For the glorious cause of LUCRE I will do anything, be anything"
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