OGG, interesting to note the silence so far from other prolific posters.Perhaps posters are too busy reading the re-hash of old news released today lol.
What I find most concerning is the big discrepancy between the IP of 1267BOPD and the 30 day rate coming at less than half that.
In terms of risk, well it appears some upside is already priced in for EFS according to the Patersons's note the TXN EV/Acre is $16K.
AZZ sold McMullen acreage at $8.7K. So the market already appears to be treating TXN's EFS acreage as twice as valuable. The declines will need to support this story. Could be interesting times.
It must also be said full credit to the TXN management for being up front with the rates and not releasing 30-60-90 day rates 6 months after the fracture as did AZZ.
declines, page-4
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