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Re: Timothy Smith post# 3245

Thursday, 02/18/2016 12:19:34 PM

Thursday, February 18, 2016 12:19:34 PM

Post# of 10586
Hard to put a meaning to it since horizontal drilling is equal to multiple rigs of the old vertical wells in overall oil production potential.

Or, in other words, they need to do more complex rig counts vertical, and horizontal drills (with one or multiple and then length of lateral drill and with that lateral length assign a rig equivalent to it based on intended frac zones)... would you say that may give an equivalent rig comparison eventhough a company like Carrizo announced last Fall they drilled a 7k+ ft horizontal complete in the Eagleford in 6 days is no different than having low depth drilling rigs in count or is it?

Owning shares or partnership units is not an endorsement of management to break the Sabbaths or to do any other unGodliness. I do not share in their sin or guilt and they mislead others on their own accord. I have no major stakes to influence any company.