From the comments section: Horizontal Taylor sand wells in Elm Grove field, should be another 2 completed in next two weeks. 3rd drilling, these can add big rate fast. New Shale Play. Now talking about a deeper (10.500 to 13,000 feet) Shale Play at Elm Grove, 200 feet thick, rock work says its viable. Encana…
Day: March 12, 2008
Wednesday Morning: HK Analyst Meeting + A Look At E&P Multiples
Commodity Watch: Crude Oil: Advanced to another record high, up $0.77 to $108.67. The dollar was actually stronger and their was peace in the world so you can really only point to the hedgies who have cried, "commodities = safe harbor" for some time now. This morning oil is trading +/- $0.25. China's SPR Watch:…