Wednesday, September 14, 2011 11:10:00 AM
Put a pencil to that piece of acreage. 52,480 ACRES !
On standard 80-acre spacing, that means that piece of acreage could host up to 656 wells ! If they ask for a variance from the TX RRC for 40-acre spacing...something the RRC is cheerfully passing out these days.. double that number. 1312 wells.
The formations they're targeting are pervasive throughout Jones County. You find 'em one place, you find 'em everywhere.
And this is just Jones County.
Buy all the VYEY you can ! Then.... buy EVEN MORE !
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