Replies to This Discussion

Permalink Reply by TM on September 18, 2013 at 2:12pm

Consol better hope their acreage turns out in the end. They might be left with only Noble County that they want to drill. All they ever talk about is Noble County being their sweet spot. I think they are waiting to see how these wells hold up that are in production.

If they get a high rate of return and they produce good they will drill more in those counties. I think they are trying to gauge some decline curves on their wells. They don't want to spend all this capital drilling and not making their investments back.

Permalink Reply by JR on September 18, 2013 at 2:13pm

Agreed. But I also saw a recent quote from a consol guy saying north east will be good too. It'll just take time. I still have to wonder if its only a matter of cracking the code.