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Cutter Oil has a proven ability to get the most out of every well that we have produced.
This is especially apparent when compared to our competitors within the immediate
vicinity of our wells. Our wells will produce more in the beginning and have
a much longer life then any competitor. This all translates to more money
for our landowners.
You can see just a few of the examples of where Cutter Oil has out produced the
competition. Ultimately, this translates into more money for our landowners.
All of the figures are based on the market prices today.
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Franks #3 v Snoddy #1
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Well Name
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Franks #3
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Location
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Wayne County
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Competition
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Belden Blake Corporation
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Competition Well Name
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Snoddy #1
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Gas Price
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$10.00
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Distance
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1000 feet
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Oil Price
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$110.00
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Totals
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Total Production (Oil and Gas)
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Landowner Royalties
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Franks #3
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$22,869,210.00
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$2,858,651.25
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Snoddy #1
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$11,329,300.00
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$1,416,162.50
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Difference
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$11,539,910.00
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$1,442,488.75
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These two wells were drilled at almost the same time of each other as you can see,
Cutter Oil more than double the production of the competition. Franks #3 holds
the record for the most gas produced in a single year in the state of Ohio; it produced
1,146,758,000 cubic feet of gas in a single year!
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Total Production
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This graph above displays the production of the two wells since they were drilled
in 1997. As you can see, the Franks #3 well produced twice as much initially and
continues to hold onto its production.
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Total Production: Since 2000
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This graph above removed the first couple years where the production is much larger.
This allows you to see more detail of the longevity of a Cutter Oil well as
compared to the competition. It also breaks down the dollar amount in terms
of oil and gas production. The Cutter Oil well beats the competition in all
cases.
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Production Summary
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The first graph shows the total production of oil and gas for both wells. These
two wells were drilled within a month of each other. The second graph displays the
total landowner royalties in today’s prices. As you can see, our landowners received
double what our competitor’s landowner did.
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Source: All productions figures are based on data from the Ohio Department of Natural
Resources
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Franks #2 v Mowrer #2
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Well Name
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Franks #2
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Location
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Wayne County
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Competition
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Belden Blake Corporation
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Competition Well Name
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Mowrer #2
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Gas Price
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$10.00
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Distance
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1100 feet
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Oil Price
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$110.00
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Totals
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Total Production (Oil and Gas)
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Landowner Royalties
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Franks #2
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$24,137,750.00
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$3,019,332.50
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Mowrer #2
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$11,016,910.00
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$1,377,113.75
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Difference
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$13,137,750.00
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$1,642,218.75
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These two wells were drilled at almost the same time of each other as you can see,
Cutter Oil more than double the production of the competition.
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Total Production
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This graph displays the production of the two wells since they were drilled in 1997.
As you can see, the Franks #2 well produced twice as much initially and continues
to hold onto its production.
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Total Production: Since 2000
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This graph above removed the first couple years where the production is much larger.
This allows you to see more detail of the longevity of a Cutter Oil well as compared
to the competition. It also breaks down the dollar amount in terms of oil and gas
production. The Cutter Oil well beats the competition in all cases.
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Production Summary
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The first graph shows the total production of oil and gas for both wells. These
two wells were drilled within a month of each other. The second graph displays
the total landowner royalties in today’s prices. As you can see, our landowners
received double what our competitor’s landowner did.
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Source: All productions figures are based on data from the Ohio Department of Natural
Resources
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Macey #1 v JB Preston #1
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Well Name
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Macey #1
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Location
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Summit County
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Competition
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Pine Top Inc
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Competition Well Name
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JB Preston #1
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Gas Price
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$10.00
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Distance
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1200 feet
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Oil Price
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$110.00
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Totals
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Total Production (Oil and Gas)
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Landowner Royalties
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Macey #1
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$4,734,520.00
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$591,815.00
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JB Preston #1
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$3,004,660.00
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$375,582.50
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Difference
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$1,729,860.00
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$216,232.50
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This wells production is more comparable to the kind of production that is currently
being pursued by Cutter Oil Company in urban areas.
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Total Production
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This graph above displays the first 13 years of each of these wells. As you
can see, the Macey #1 well produced more initial and has held onto more production
over time.
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Total Production: Since 2000
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This graph above removed the first couple years where the production is much larger.
This allows you to see more detail of the longevity of a Cutter Oil well as compared
to the competition. It also breaks down the dollar amount in terms of oil
and gas production. The Cutter Oil well beats the competition in all cases.
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Production Summary
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The first graph really shows the ability of our production capabilities. The
JB Preston #1 well was drilled seven (7) years earlier and Macey #1 has more than
out produced the competition. The second graph displays the total landowner
royalties in today’s prices. As you can see, our landowners fair much better
than our competitions’ do.
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Source: All productions figures are based on data from the Ohio Department of Natural
Resources
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2011 Cutter Oil Company |
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