Tuesday, January 25, 2011 2:54:44 PM
http://oilshalegas.com/eaglefordshale.html
There is no doubt in my mind that once that network is complete this summer that ERF will be able to sign on more new customers to tap into it. Just look at Chesapeake, Apache etc... there are a lot of players here. One of them signed a deal big enough for ERF to build out a huge network... as more customers sign on, the revenues go up and so do the margins.
Looking further down the road, as these new customers sign up in the Eagle Ford area, it will be real easy to convince them to sign on in the other areas that ERF has built or is going to build new networks... take a look at some of the other oil rich formations; each one is populated with lots of the same drilling companies...
Don't be fooled by today's lull in activity... there is a snowball in Texas and it's rolling.
A1
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