Is there any correlation between early wellhead pressure readings and how it declines over time, and successful production numbers? What is a good pressure to start out with and what is an acceptable reduction over time?
Within a couple of days after first production, C5H (A-1052) in Gardendale, LaSalle County, was reading at about1900 psi. This was on Sep. 1. The next time I visited the site on Oct. 16, the reading on the tree was at about 1185 psi. RRC site production numbers for Sep. were recently posted and was at about 14,800 bbls for that month, the first full month of production.
I understand that I should expect a decline in production after three or four months (or more if lucky). Is this pressure drop indicative of anything to expect in the way of production decline? Where do these pressure numbers fall in relation to other wells? Normal? Less? Is there any correlation between pressure and what we will see in future months for production? Seems like there must be, but have no idea what this tells about the overall picture.
I assume that when pressure drops to zero that pump jacks will be installed. Or is it at pressures somewhere higher than zero that the decision to install them begins?
Thanks in advance for any insights you can provide!