Clayton Williams Energy (CWEI) OIL Message Board

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

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: RonN who wrote (945)	1/12/1998 10:20:00 PM
From: Patrick J. Saunders	Read Replies (2) of 1017

RonN, Seems like all the other drillers and E&P oil firms have been getting killed recently. I figure this is the ONLY reason why CWEI has been doing a decent job of holding its price up. We need some statistical analysis now: (1) What does a Cotton Valley Pinnacle Reef oil well do to the bottom line in barrels per day. (2) What's the probability of striking a good well from these formations? Any predictions based upon past drilling successes? (3) How much/long does one of these 15K deep wells produce? (4) How much capital to drill it? (5) Does CWEI have access to the required rigs? I understand that contrary to the current Oil Service Sector prices, rigs are still hard to get. (6) Can CWEI sell the gas off at a profit with a hedge arrangement... V/R Pat Very Long cwei....

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