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Sunday, January 13, 2013 10:31:20 AM
As noted by the CEO Clayton Williams, there are 1,500 proven or nearly proven drilling locations which equates to about $7.5B in future capital spending.
Even at a pace of $450MM capital spend per year, it would take more than 16 years to drill the inventory.
Of that inventory, 750-800 wells are in the Giddings area, about 200 are in the Wolfberry formation, about 200 are in the Cline Shale, and about 200 are in the Delaware Basin (Wolfcamp/Bone Springs formations).
Oil & Gas | OTCBB | OTCQB | Pink Sheets
Purely my own opinion. This is not investment advise and do your own due diligence.
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