Clayton Williams Energy (CWEI) OIL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Buzz Mills who wrote (775)	7/23/1997 5:15:00 PM
From: RonN	of 1017

I got the impression that the reduction in rigs from 3 to 2 was just now taking place... "In response to reduced oil prices and this evaluation, the Company has reduced the number of active rigs in the Giddings area from three to two."... Maybe I'm rading it wrong. I take it to mean we'll see reduced production from this in the third quarter, not this one (2nd). In thinking back to the last quarterly, I think they mentioned an additional amount of wells going into other blocks besides the three/two mentioned here. I also had no idea they were also pursuing 3-d in Mississippi. Has the costs for this been included in the present survey or will it be a seperate charge altogether? Food for thought. Thanks for the zacks link. --RonN

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next