As you know, Pulled Bottoms are essentially 'BS&W draws' (aka Basic Sediment & Water...) 🧾
And, when a bottom is 'pulled', what was once considered Oil Stock (ie sellable product) is no longer classified as such – because that oil no longer exists in the tank!
So, why don't we show negative production for the day? 🧐
First, there's a good chance the lease actually produced oil the same day the Pulled Bottom took place.☝️
However, more importantly the BS&W pulled actually accumulated over several days/weeks...
And, by removing this production from Stock we effectively spread this adjustment over those days/weeks (rather than just one day!) and more accurately reflect what happened in the field 💪🏻