Range said the Marcellus liquids-rich area and its Horizontal Mississippian play have the highest estimated rates of return in its portfolio. Range has a combined acreage position in these two areas of about 500,000 acres providing a multi-year growth platform. Range will be allocating all of $1.3B cap X to Marcellus and MS.
Apache - 6/12 acquired 580k acres...believes 2B Bbl of oil net EUR. Costs of $3.2MM per well w/ 320,000 EUR per well and 65% returns.
Apache generally conservative...if they start singing a different tune, I would run for the exits. For now, these companies are publicly confirming this play has solid returns and no political risk.
Not everything is at it appears, money can be shuffles to make things look as TW wants them to be seen. He may be lining up his next purchase, or manipulating stock price, or jus plain scaring the hell out us. Time will tell, I am getting to the point I do not like to believe what is being told, LOL.
In western Ks. drilling oil wells in Finney, Ford and Gray counties. They didn't put an office in
Garden City, Ks. for nothing. If they can focus their drilling in western Ks.oil wells it shouldn't take
long to improve our metrics. In SD 3Q 12 transcript it states they have 3 wells doing 377 boe/day
at 91% oil in Ford and Gray counties. Just sayin'
Because they are anticipating (speculating) in the next BIG play in oil, however atleast for SD's land, that hasn't happend at least not yet, and it needs to happen very soon if TW and Co wants to prove they should stay, and also if TPG wins and tries to sell, because no one is going to buy a company with all that land with poor results etc. Atleast not at the price sd shareholders want.
Intell, you say, "Because they are anticipating (speculating) in the next BIG play in oil".
This exactly what SD investors have done. You might want to go over to the DVN board and give them the same advice you gave SD investors in a previous topic, or , is it different? You seem to say SD investors have done the dirty for speculating