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Re: ChitForBrains post# 90

Tuesday, 08/23/2011 7:38:15 PM

Tuesday, August 23, 2011 7:38:15 PM

Post# of 690
Shale Update.


One company that has been slowly exiting the Haynesville Shale over the last year is Southwestern Energy (NYSE:SWN). The company sold portions of its Haynesville Shale acreage in East Texas in two transactions over the last nine months. Southwestern Energy is allocating only $20 million in capital in 2011 for East Texas and will use the funds to develop the James Lime formation

Read more: stocks.investopedia.com/stock-analysis/2011/Haynesville-Shale-Activity-Continues-To-Decline-PXP-CHK-GMXR-EOG-QEP-HK-SWN0822.aspx?partner=YahooSA#ixzz1VtGfMsAZ


This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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