Constellation Energy Partners LLC (CEP)

[stockprofitter]

The company’s drilling and recompletion activity is currently focused on oil potential in CEP’s existing asset base in the Cherokee Basin, with plans primarily targeting production from the Bartlesville, Skinner, Red Fork, Burgess and Mississippian zones.

Activity also targets the Mississippian trend, where the company is currently completing four of 18 vertical wells planned during 2012 in the Bulldog, Bull Creek, Bluestem, Queen Anne, Coshehe, and Sand Creek projects in Osage County. Well costs are generally expected to range between $175,000 and $375,000 each depending on depth and completion zones.

This strategy again allows CEP to substantially save huge dollars going vertical instead of horizontal.

Can't wait to see the results.

Let's do this Stephen, C'mon Man!