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Below is a quote from Exxon Mobil's most recent 10K.
ASIA
Azerbaijan
At yearend
2016, Exxon Mobil’s net acreage totaled 9 thousand offshore acres. A total of 1.4 net development wells were completed during the year.
I do not understand how the number of net development wells completed would not be an integer. That is, I would think the number wells completed would be a non-negative integer.
What am I missing?
Bob
ASIA
Azerbaijan
At yearend
2016, Exxon Mobil’s net acreage totaled 9 thousand offshore acres. A total of 1.4 net development wells were completed during the year.
I do not understand how the number of net development wells completed would not be an integer. That is, I would think the number wells completed would be a non-negative integer.
What am I missing?
Bob