02-14-2014, 01:24 AM
Just thought I would elaborate what the numbers mean.
The only outcomes can be 0 wells, 1 well, 2 wells, 3 wells successful ....... there are no partially successful wells.
What do the above percentages actually represent?
0% - 20% : should actually imply 0% - 33%, ... 0 wells up to 1 well successful in that range
20% - 40% : Only 1 well successful ...... there is no range possible
40% - 60% is impossible unless we extend it to actually mean 33% to 66% : implying 1 well up to 2 wells successful
60% - 80% : only 2 wells successful ...... there is no range ... has to be 2 wells successful
80% - 100% : can only be all wells successful
Am I correct in my assumptions?
The only outcomes can be 0 wells, 1 well, 2 wells, 3 wells successful ....... there are no partially successful wells.
What do the above percentages actually represent?
0% - 20% : should actually imply 0% - 33%, ... 0 wells up to 1 well successful in that range
20% - 40% : Only 1 well successful ...... there is no range possible
40% - 60% is impossible unless we extend it to actually mean 33% to 66% : implying 1 well up to 2 wells successful
60% - 80% : only 2 wells successful ...... there is no range ... has to be 2 wells successful
80% - 100% : can only be all wells successful
Am I correct in my assumptions?