Let me see if I can guess what the article says (based on it being in the NYT) without reading it:
* Fossil fuels bad
* Solar and wind good
* Obama good
* Romney wants to put women in a binder
* Fracking causes cancer
* Fracking causes earthquakes
* Anecdotal quote about having a friend who had a neighbor whose cousin had flame shooting out of her kitchen faucet after fracking
* Quote from a PhD in Biology who says fracking is unsafe
* Quote from PETA who says fracking scares animals
* Obama supports green energy
* Obama good
* Romney wants to fire people
* Romney is rich
* Romney is bad
* Fracking is bad
* Capitalism is bad
It was as if the article was written 6 months ago. It said that CHK had 1 great well and then Devon had 2 turds. Well, yes, that is factually correct, but it omits the Gulfport, Antero and Enervest wells. And it also doesn't qualify Devon's turds by adding what everyone who looks at a map says about them--Why was Devon Drilling WAY over there??? The article is factually correct in that CHK and Jeffries are talking up their book, but then omits the fact that CHK and everyone else are paying landowners good money to tie up leases. Talk to landowners in the sweet spots. The play is being deliniated, no doubt and there are lots of landowners saying that offers have dried up. But listen to landowners in the sweet spots and offers are up since the first of the year.. And the end of the article was kind of bizzare. The well declined 50% over IP and this is shocking?
I remember in March, people were in a frenzy because CHK was hiding disappointing wells by shutting them in for 90 days after fracing them. must be some kind of failure. 6 months later, we find out from all of the drillers that this is the preferred completion technique for the area.
It's noise. Still have 9 days till my prediction of an an EVEP annoucement by Halloween. With some slcak, if we don't have an annoucement by Veterans day, that's when I'll start getting concerned. EVEP has had nearly a year to backpedal, softpedal, qualify, defer, change, alter their timeline. They are still saying close by the end of the year as recently as a few weeks ago. .