Sorry to be posting so much but in their May presentation, MPO estimated the EURs for the new Anadarko acreage as 150 to 200 (barrels of energy per day).
These are awfully small projections -- compared to a PVA for example.
What's the attraction here?
Don't recall, but you mean an EUR (estimated ultimate recovery) of 150,000 to 200,000 barrels of oil equivalent, not per day I'm sure. This oil is cheap to get out, say a 1/3 of what it takes in the Bakken ($3M vs. $9M), but not as much EUR.
Thanks for the explanation, I tend to prefer the Eagle Ford players, where the wells are bigger.
It's easy to track the initial production (IP) numbers in the Eagle Ford.
I'd like to see what kind of IP numbers MPO gets when they start reporting their Texas wells.