two and a half times more

As Talisman and Staoil, Pioneer,Conoco, EOG and many other Biggies are rushing to ramp up exploration and production in their Eagle Ford acreages and overseas companies trying to get into the action, Petrohawk's quarterly report announces a ramp up of Capital Allocation
TWO AND A HALF TIMES MORE for 2011.

2011 Operational Preview (from their quarterly report):
Petrohawk's $1.9 billion drilling and completion budget for 2011 emphasizes a shift in capital spending based on market conditions, opportunities to accelerate certain areas of the Company's Eagle Ford Shale position, and the desire to reduce capital allocated to pure natural gas drilling once the Haynesville Shale lease capture period is effectively completed in mid-year. Capital allocated to the Eagle Ford Shale in 2011 is approximately two and a half times the amount budgeted in 2010. Year-over-year production from the Eagle Ford Shale is expected to increase nearly threefold from approximately 67 Mmcfe/d to approximately 175 Mmcfe/d, of which half is expected to be condensate and natural gas liquids. Capital allocated to the Haynesville Shale is expected to decrease by approximately 35% from 2010 levels, but it should still generate approximately 45% year over year growth. The combined result of the 2011 capital program is expected to generate year-over-year production growth of approximately 30-40%.

Eagle Ford Shale
Petrohawk operated three rigs in Hawkville Field and five rigs in Black Hawk during the third quarter during which 19 operated wells and 2 non-operated wells were drilled. The total number of Company operated wells drilled in the Eagle Ford Shale to date is 75, with 52 located in Hawkville Field, 21 located in Black Hawk and two located in Red Hawk.
In much the same manner as development in the Haynesville Shale, reservoir optimization methods, related to completion and production practices, are being utilized in the Eagle Ford Shale, and completion results from both Hawkville Field and Black Hawk significantly improved during the quarter. In Hawkville Field, the ten most recent wells completed have averaged 6.2 Mmcf/d and 240 Bc/d (7.6 mmcfe/d using a 6:1 ratio and 9.0 Mmcfe/d using a 12) on an average choke size of 19/64", a notable reduction in choke size over previous wells. Additionally, initial decline rates appear to be more gradual, not only as a result of restricting production, but also higher performance results from of the recent implementation of hybrid completion technology.
Improved well performance has also been experienced in Black Hawk, where the Company has been producing with slightly larger chokes (15/64") and completing wells with increased proppant volumes and decreased the perforation spacing during completion operations. The average IP rate for the three most recent wells was 3.6 Mcf/d and 1,485 barrels of condensate per day (Bc/d) (13.2 mmcfe/d using a 6:1 ratio and 22.1 Mmcfe/d using a 12).
Recent results in both of these areas of the Eagle Ford Shale underscore the more precise mapping of a developing core of the Eagle Ford trend. Of over 280,000 net acres controlled by Petrohawk in Hawkville Field and Black Hawk, approximately 60% is in the portion of the gas condensate window that contains approximately 1200 BTU gas, with condensate yields as much as 500 barrels of condensate/Mmcf and an estimated weighted average of approximately 115 barrels of condensate/Mmcf.

Petrohawk expects continued high growth rates with a progressively higher proportion of revenue from condensate and natural gas liquids,and has outlined a 2011 capital program that takes advantage of the large condensate and high-BTU gas opportunity in the Eagle Ford Shale.
The Company's 2011 capital budget includes running an average of 15 operated rigs in the Eagle Ford Shale, approximately twice the number of rigs operated in 2010. Petrohawk estimates that there a re approximately 1,900 net risked condensate-rich locations in both its Hawkville Field and Black Hawk that comprise over 50% of the Company's total acreage position in the Eagle Ford Shale.
?As we decelerate our activity in the Haynesville Shale in mid 2011, the Eagle Ford is poised to live up to its full potential within our portfolio."

From Pioneer's conference call on October 27, 2010:
The Eagle Ford Shale, I sort of look at it, it will have its heyday this quarter to the next quarter with strong production rates going into the fourth quarter with all of our CGPs coming on and going into 2011. We're already up to seven rigs now in Eagle Ford Shale, and will continue to have more rigs as we go into 2011 and 2012.

Just search for ?Eagle Ford? and you find these reports all over the place.
The target has been set quite higher now.
IMO, we can expect the SP to be two and a half times higher in the very near future. :)