A lot of folks are wondering if North American rigs might be the driving force? I don't know. But this might provide a clue:
Oil & Gas Journal is reporting that:
Far East Energy Corp., Houston, is operating 18 rigs with 4 more enroute to its 418,500-acre Shouyang coalbed methane field on the Shouyang PSC in Shanxi Province southwest of Beijing, China.
The company spudded 7 new wells in the past 12 days, bringing to 23 the number of wells spudded in 2013. Five other wells reached total depth in the past 12 days, including 1 well that was drilled to TD in 12 days.There are so many stories out there, so many opportunities.....
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or what you think you might have read here.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.