with that roundhouse project, i can see why devon and nfr have leased the region out solid.
the HONATH-NELSON vertical has 22 feet of fractured roundhoue, and has produced since may 2007 31,000 bo
it proves the concept of fraccing that rock and further highlights the commercial equation of potentially stunning wells if you get a solid horizontal completion in that formation.
makes you wonder what a 6000 foot horizontal will do over a 5 year period.
not convinced its a fail yet, waiting for devons frac of the lundy horizontal well
TXN Price at posting:
54.5¢ Sentiment: Hold Disclosure: Held
