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Permalink Reply by James E. Waldeck on February 6, 2013 at 4:25am

Thanks for posting this: I see with very limited drilling they have higer EUR's listed for their Butler PA area Upper Devonian wells then their Marcellus. This includes both the Rhinestreet and Burkett. I am a little confused on this. You won't be able to access the Upper D's with one well. From what I understand they will have to be drilled and fracked separately. I believe this is a good thing as super fracking seems to be a plus for getting production from shales. They have only completed one well in the Burkett and tested the Rhinestreet with a vertical well. I hope they address this in more depth in their earnings call.

Not a whole lot of news on their Ohio Utica efforts. I would say this is still a work in progress. Right now I consider the stacked shales in their Butler area holdings the most attractive assets for this company.

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