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 (247)	12/30/1996 11:09:00 AM
From: Kendell Phillips	of 1017

I received confirmation from CWEI on the third rig. It is on line and will take about 30 days to drill another Austin Chalk well. CWEI will be drilling 3 wells per month in 97 and they expect production numbers to increase. This is great news for CWEI. I would expect at least a 2000 bbls a day increase maybe the 2nd quarter 97. Miller said this wells play out fairly quick but the production number for 96 held steady all year with about a 10% variance off the mean. The production numbers could be directly impacted by the number of wells being drilled since new wells produce more at first than the older wells. I would like Miller and Buzz to take their estimate of the impact on production numbers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next