comparison to nse's peeler ranch ip, page-2

Hi Shelcomm,

I am (but not because I wanted EFS exposure).

Peeler Ranch wells are 5,700' laterals, vertical depth is around 9,700' - total measured around 15,400.

Zipper frac on the 2 wells. Just in case "zipper frac" is unfamiliar to readers - the method provides operational efficiencies thus reducing completion cost. When 2 wells drilled from the same pad are being stimulated, only one stimulating crew and one perforating crew required. These crews alternated on the wells - while the fracturing crew
is stimulating one well, the perforating crew can set the frac plug and perforate the adjacent well bore - and they just keep doing that along each stage (like a zipper).


The result is "met expectation" - the pre drill expectation was IP24 750boepd. Well costs are lower than ours.

No real comparison can be made because of the difference in location IMO.