How Good is 150b/d for a Horizontal?If we exited June with 306b/d and exit Dec with 900b/d, then the 4 new wells coming onstream will be contributing around 150bbl each
That does not seem like a barn-burner as they say. Mind you the fracing may not be complete, so the numbers may be greater going forward..
Delays are disappointing, of course, but certainly better than dry holes.
I wonder if REL deserves to be taken out to the proverbial woodshed, considering the potential of the new acquisition and the expectation that 2011 will see more normal weather (maybe) and greater availability of fracing (maybe)