There is a Boardroom Radio presentation over on the MPO thread that may be of interest from the drilling cost side of things. MPO are drilling 7,500tf horizontals into the Wolfcamp and have locked in rates of $6.7M for drilling and completion. The Wolfcamp is about 1,000ft shallower in MPO's location so that needs to be taken into account.
In the interview the CEO comments that there has been a drop in fraccing costs since crews have been freed up from dry gas drilling.
GGP Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held