Hi Giddyup
Me thinks the market is not currently good at distinguishing "oil saturation" on both wells from "dust".
I'm not a technical person but the "expected" loer pressure on Niobrara wells explains why, for a given flow rate, they tend to deliver a higher resource size.
Have we "over pressured" the reservoir? I don't know but the permiability/porosity is otherwise good then maybe we are now applying exactly the right reservoir management strategy for defender.
What value the Muddy J Sand? Not negative IMHO especially as this formation is a proven producer.
It would be great if a technical person could comment on all of this and rebutt my uninformed speculation where necessary.
cheers
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