the u.s. shale oil boom, page-34

From DLOTTO28. Today, I was told that the two sets of 3D seismic in the area will be looking at all of those formations. Devon is starting in the north area around the Samson acres and working south. Geokinetics is starting around Chugwater and working north. Incidentally,I talked to a guy at the Enterprise well. He said they have 17% of the frack water pumped out. Another guy at the site told some land owners that it looked like it will be a real good well with over 90% oil. There wasn't enough gas to heat their buildings and they had to bring in a tank. He also told them that there are 16 rigs being built on the jigs right now and June is their anticipated arrival date. Chesapeake has also been buying a lot of acres from other companies in the area. They are ready to go when their new rigs get here. Devon told a land owner that they think there is a reasonable possibility of a 3000 barrel a day well in this area. They are trying to get as many acres as they can in the area.