Production testing a mere formality
Keep in mind it will be time consuming and challenging at the least to test and put this well in production safely and without problems.
Logs,formation cuttings,methane analysis, downhole pressure, today's technology is phenomenal.
They know they have quite a hum dinger here.Perhaps 150 billion cubic ft of recoverable gas?
Encana I am sure have their best people analyzing everything .
Dont think we will get testing results anytime soon though.
With tight hole status they have 1 year to keep results secret.(At least in Canada they do)not sure of Texas.
If they can tie up more land near this well without paying an arm and a leg that drill rig they have signed up will be busy for quite a while.
Todays buying was an organization with access to those logs.At least that is what I am speculating.
Hey you never know Joe Schacter might be preparing to pump DZR?
My targets keep moving on this one .
North of $2 is possible in 2006.