Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (6016)	1/3/2002 3:08:44 PM
From: russwinter	Read Replies (1) of 36161

<Birim> Frank, lock and load! Noted a $2.26 print on Feb NG. That's good, as it will quickly wipe out exploration, leaving us with an even bigger bounce back later in 02. 600 rigs, 500? From Simmons, the incremental DCF rate of return on various well prototypes at $2.50/Mcf.. Not much worth producing and last year's little boomlet depleting fast: East Texas Tight Gas: - 30% 1st year decline: 55% North Texas Tight Gas: 20% 1st year decline: 55% West Texas Tight Gas: -24% " 30% Mid- Continent Deep: 8% 25% GOM, <150' WD: -30% 42% GOM, >150' WD -32% 40% GOM (platform) -8% 45% South Texas -16% 50%

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