Frac Factor 30 = IP30 (boepd) / (Avg. # of proppant per stage) X 1,000,000
This factor is then compared to the amount of calculated pay from log analysis. Through time, this correlation should "tighten up" and provide some good estimates. Many of the estimates below seem really high. Lets hope that the formula is accurate. To date, it's been pretty accurate. Due to the lack of well control around the Halcon Broadway #1, I can't make any estimates. Let's hope that it's huge and forces a "re-calibration" of the algorithm.