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more from the Q&A:They repeated again that they had great results with the vertical/horizontal wells; they mention 40% IRR on $85 WTI with those wells. Listening to that call, I assure you that anyone with acreage around Quicksilver in the Niobrara will be looking at doing an LPG frac.Regards,Nawar
from CC: biggest players around the Quicksilver acreage: Shell, Continental Resources and Armamex?. Shell is the biggest.Shell is our client as well, if we Gasfrac was to secure a contract with Shell in this basin, the stock will react very favourably. Regards,Nawar
Hey Nawar, sorry to change the subject but you wrote:They did three wells with the company (two verticals and one horizontal).Excuse my ignorance but I thought horizontal was the best method for drilling why do they continue with vertical drilling? thanks
I sold Gasfrac last year in the $12's after buying around $7-$8ish.Haliburton and Schlumbrege refuse to use them which might present a problem.
wow a 40% IRR that is off the charts. i wonder what the IRR is for conventional fracks? i would bet significantly less