I’ll be very surprised to see Halliburton back there in a month. Every contractor on site works off the rig schedules eg: contractors to land and bolt up the separators, to build electrical pads and land and install the kiosk or RMU, installation of poly and electrical cables and doing all the clear and grade for the flow lines. The schedule is so tight out there that contractors are usually leaving the pad the day before the rig arrives or getting on it the day it leaves. Poly and electrical cables are even having to be buried on the pad then dig up and have the riser fitted and cables run once the rig leaves. That’s why they’re not like a normal maintenance run, if they finish one job early they can’t just go to the next one because the pad will already have contractors on it. The big companies out there are putting on hundreds of wells each a year, not all need stimulation but it’s still very tight and that’s without rain delays. Halliburton is not going to upset the big players to help a junior exploration company. If you believe that when they finally get back it’s going to create great flow results then take this opportunity to buy some more shares.
EXR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
