Technical question for bankers in Oil & Gas / Energy groupsST
This question is very basic, this is why I ask you the experts.
For some reason, I always assumed that oil wells operate 365 days a year, 24/7. Is this is in fact the case? What is the industry average for number of operating days per year for a developed oil well (if there is such a gauge)?
Any informed answers will be greatly appreciated. This is one of the driving assumptions of my CF model.