Rats! The audio feed just cut out, but Gary sure seemed sure of what they are doing (What else is new? :-) )
1. Pipeline sale is off...made that decision 45 days ago not to sell now since it was filling up so fast, particularly expectations from the Utica. Are ordering more compression equip. too take it to 350/day
2. Stalder Pad: Talked about the blowout and said they have changed the way they go about it now, using Gulf Coast type high pressure gear. They're on stage 9 now and expect to be able to report something in the 3Q earnings report.
3. No need to do the "shake and bake" on the Utica Pt. Pleasant since they are targeting a CARBONATE reservoir, not a shale formation. While there are shale stringers in that group, they are into the more conventional carbonate section where they have ample porosity, permeability. Can go straight into producing without waiting.
4. North Dakota. He said they are having great results in the Middle Bakken in their Ambrose field. Some payouts in MONTHS, so other big boys are moving in around them. He's really in love with this, but still, the Utica is what gets their blood flowing.
I need to go back and listen to the entire presentation to see what I missed...esp. at the beginning when he talked about the Stalder pad.