Bruce, I just talked to my friend at CLR about the Milton wells. He thinks there is a glitch in the NDIC report. He says continental is very prompt with the fracking and usually the wells are off confidential in 6 months. The fracking companies like working with CLR since payments are timely. Rig count is down because the old rigs are being used for scrap metal. The new rigs are much more efficient and cheaper to use. Eco pads take less rigs. 8 to 11 days to drill 20,000ft. Move a few feet and drill another. Usually 2 rigs per 14 wells. Amazing Dennis
Bruce,
ReplyDeleteI just talked to my friend at CLR about the Milton wells. He thinks there is a glitch in the NDIC report. He says continental is very prompt with the fracking and usually the wells are off confidential in 6 months. The fracking companies like working with CLR since payments are timely. Rig count is down because the old rigs are being used for scrap metal. The new rigs are much more efficient and cheaper to use. Eco pads take less rigs. 8 to 11 days to drill 20,000ft. Move a few feet and drill another. Usually 2 rigs per 14 wells. Amazing
Dennis
Thank you. Yes, it is incredibly amazing, and I don't think many folks understand that.
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