the declines in the oil section of the efs are well documented, so you would expect it to fall in line with the normal charge decline rates
Ip's are simply ip's
the maiden well in the sugarkane drilled as a vertical in 2004, was fracced and its charge was crazy, over a 40 foot section they were pulling massive numbers, like 800 bopd, i heard even higher
its what caused conoco to go after the efs in live oak
that vertical has production numbrs exceeding some horizontals!
eog are refining fracs, changing sands, and making huge headways towards what they always thought would be common.. i was told conoco was expecting 3000 + bopde as standard back in 2006.. they had knew it would take some time.. but we are getting that as standard in the sugarkane
if they can hold that frac open in better ways it will only go up and the EUR's will also
i was drinking in a bar in dallas last october, the guy i was talking to at the bar happened to be running one of the biggest hedge funds in the usa,, minimum investment in projects was $20 mill for him. we told him all about our new drilling technology, he was pretty cut and was blurting out a lot about new fraccing that was being experimented on it the efs. that was the reason for him being so far from home and at that bar, he had just been out in the field looking at the technology, basically high frequency waves for fraccing... great discussions on the technology,, but it demonstrates that we know little of what they are using in the hole..
eog may be using it??
kep an eye out on the EUR's as these wells flow on..
SEA Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
