Approximately every 30 days ShaleCast takes a snapshot of the projected gross income per well. A comparison of the new snapshot to its previous one is used to determine to what extent its projected value has changed. Changes in value reflect either new production forecasts or changes in commodity prices or both. As each state we track posts new production data, ShaleCast processes that data and recalculates the forecasts for all the wells in the state. The forecasts become increasingly more accurate with time.
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