Take note that the production figures in Texas are getting worse. The comments re this production in the Quarterly were vague at best. Below is what was given to the Railroad Commission. From March to August they were pretty steady at around 88,000 BBL per month.
Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL) Oct 2011 79,913 80,402 3,415 585 Nov 2011 67,512 44,576 0 250 Dec 2011 64,645 50,231 761 0 Jan 2012 0 0 0 0 Feb 2012 0 0 0 0 Total 212,070 175,209 4,176 835
LNC Price at posting:
$1.44 Sentiment: LT Sell Disclosure: Held