Silicon Investor (SI) -- The First Internet Community

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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (497)	2/27/2001 5:15:33 PM
From: Telemarker	Read Replies (1) \| Respond to of 23153

Hi excardog. Thanks for the link regarding Mid-continent day rates. I had heard late last week that they were running $14,000/day, and amongst ourselves felt that this would only squeeze out some marginal development and infill drilling where reserves were deemed to be moderate (ie: 1-2Bcfg wells). The 15,000 ft. or so deep wells that I'm used to dealing with take about 45-60 days to drill in OK. Could you please explain your understanding of contango as it relates to the natgas futures strip? To my unsophisticated eyes, it looks like standard storage cost pricing - March having gone off the board already. TIA