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Crosstex Energy, Komandit Şirket Message Board

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  • rrb1981 rrb1981 Nov 22, 2009 9:42 PM Flag

    Long Term Outlook?

    I was able to listen to the RBC conference by going in the backdoor!

    Found a link from one of the other MLPs that presented, then was able to change the address from one session to another. There are a lot of sessions (1-4, 6-13). Not sure why session 5 didn't have anything recorded. I listened to all of them but the LNG and coal presentations so much of it is muddled, but I don't recall XTEX mentioning anything new. Haynesville shale will be a savior for them and the Barnett, even though rig count is falling rapidly, is holding pretty steady due to many wells being drilled but not completed and also due to the fact that drilling is now matched well with the decline profile. In other words, the Barnett may have flat production for 5-10 years before we see any overall field decline. Obviously very difficult to forcast any further out than 1 yr but the inventory of undrilled locations in the Barnett is enourmous and it is now a manufacturing play with little geological risk.