Denial,
9TCF of gas is "gas in place". It is not what flows to the surface - it's in the ground. GIP needs to become "recoverable gas". Generally the rule of thumb is that 10% - 15% of GIP becomes recoverable or flows to surface. So thats slightly less than 1TCF -1.5TCF.
Either way, even with those numbers it's a company maker.
I would expect the company to add more acres before they completed that well.
June could be a very exciting month!!
Denial,9TCF of gas is "gas in place". It is not what flows to...
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