The Wilson report notes the drilling rates as 1.5 wells/month rather the projected 2/month.
A factor that must be considered is the current well drilling productivity is skewed down somewhat.
MAD have increased their drill fleet substantially from their contract operations. Not only does the new drilling equipment require debugging MAD also has to build new drilling crews.
I understand that MAD are using their long term personnel to be the core of the new teams but the new chums have to be trained to MAD standards.
MAD noted they were fortunate in that Houston is far enough from the Texas shale drilling that experienced local personnel were still available.
FDM Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held
