duelittle, as has been mentioned, this was a much deeper than normal well. I viewed it as Hemi doing a "test" type well without the test well risks. Due to the surrounding leases and blanket formations I think confidence was high that oil would be hit at the more "normal" Kansas depths but for whatever reason (some of the old timer type info that Keith has files full of maybe?) Keith wanted to see what was deeper and was confident enough at the time he was going to find something "special" that tight hole status was declared.
Besides that, what I wanted to bring up was that all Hemi's newly drilled wells are drilled for the long term using the "good stuff" so to speak. From the May 14th press release... "With that in mind, Hemi has been drilling and developing wells, we have been employing the highest levels of the industry standards for drilling and completion techniques which will allow these wells to continue producing decades into the future. You can compare this to a mechanic with a toolbox full of Harbor Freight tools next to a mechanic with the same tools but all of the Snap On brand. If both mechanics wanted to sell their tool chest (with very similar tools) the mechanic with the Snap On stuff will be much more appealing to a buyer than the mechanic with the cheap stuff... even if the Snap On stuff costs considerably more. While the tools initially cost more, they are worth way more down the road because they LAST and don't wear out. For those who might not get this analogy, a Harbor Freight wrench might cost $0.50 where as a Snap On wrench might cost $10. LOL!
AI
