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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (178471)	5/11/2013 8:57:10 AM
From: dvdw©	Respond to of 206176

Max Fade ....no understanding of nucleated oil and gas, characterization skills nill...conclusions ...random pap. comparative contribution.....to an example used might be this. Key words " first horizontal test well " Niobrara. With regard to the WPX well: In a special press release issued earlier this week, WPX Energy provided an update on what the company believes to be its "major discovery" in the Niobrara (Lower Mancos) Shale in the Piceance Basin. WPX announced that its first horizontal test well located in Garfield County produced over 1 Bcf of natural gas in just over 100 days of operation. The result is truly impressive and is similar to production rates observed in sweet spot locations of the Haynesville. Most importantly, the well is continuing to produce at a very strong rate after 100 days, which re-confirms significant recovery potential. The discovery well, which was made public in January, initially produced 16 MMcf/d at a very high flowing pressure of 7,300 psi. Subsequently, the well was "choked back substantially" and registered an average production rate of 12 MMcf/d during its first 30 days, 10.6 MMcf/d during its first 60-days, and almost 10 MMcf/d during its first 90 days. The company commented last month that the well may have EUR in the 7-10 Bcf range. Given the continued strong flow rate, that preliminary estimate may be revised even higher.