MGM Energy Corp MGMCF

Little hint as to whats going on down south

[farml1234]

You will notice that drilling is down to 12 rigs running from a high of 97

 

Haynesville Well Stats

 

 

	Louisiana Haynesville Wells
Status		Waiting On				Non
Date	Producing	Compl, etc.	Drilling	Permitted	Total	Prod
09/01/11	1376	460	96	203	2135	759
09/08/11	1466	448	95	211	2220	754
09/15/11	1482	439	94	221	2237	755
09/22/11	1498	430	93	231	2252	754
09/29/11	1514	421	92	241	2268	754
10/06/11	1530	412	91	250	2283	753
10/13/11	1538	408	91	255	2292	754
10/20/11	1568	375	91	269	2303	735
10/27/11	1591	381	94	254	2320	729
11/03/11	1613	367	94	258	2332	719
11/10/03	1636	353	93	263	2345	709
11/17/11	1651	362	95	246	2354	703
11/24/11	1666	371	97	230	2364	698
12/01/11	1678	360	97	235	2370	692
12/08/11	1690	349	96	241	2376	686
12/15/11	1713	326	96	246	2381	668
12/22/11	1736	303	96	251	2386	650
12/29/11	1743	297	95	267	2402	659
01/05/12	1753	287	95	274	2409	656
01/12/12	1779	263	93	277	2412	633
01/19/12	1805	239	91	281	2416	611
01/26/12	1827	217	91	273	2408	581
02/02/12	1837	266	79	228	2410	573
02/09/12	1858	305	57	168	2388	530
02/16/12	1879	286	59	167	2391	512
02/23/12	1880	294	61	155	2390	510
03/01/12	1888	295	61	148	2392	504
03/08/12	1907	284	56	156	2403	496
03/15/12	1920	272	59	152	2403	483
03/22/12	1921	279	50	149	2399	478
03/29/12	1926	279	49	142	2396	470
04/05/12	1941	277	41	137	2396	455
04/12/12	1946	277	41	134	2398	452
04/19/12	1947	276	46	133	2402	455
04/26/12	1960	273	38	132	2403	443
05/03/12	1967	271	39	124	2401	434
05/10/12	1982	259	39	121	2401	419
05/17/12	1981	267	36	120	2404	423
05/24/12	1986	265	35	116	2402	416
05/31/12	1989	266	39	110	2404	415
06/07/12	1998	264	36	118	2416	418
06/14/12	2008	259	35	109	2411	403
06/21/12	2016	255	32	105	2408	392
06/28/12	2026	248	34	96	2404	378
07/05/12	2028	250	31	96	2405	377
07/12/12	2034	244	30	95	2403	369
07/19/12	2045	236	25	96	2402	357
07/26/12	2047	235	26	85	2393	346
08/02/12	2046	237	26	82	2391	345
08/09/12	2048	239	22	79	2388	340
08/16/12	2058	230	24	82	2394	336
08/23/12	2065	224	25	81	2395	330
08/30/12	2073	218	25	80	2396	323
09/06/12	2076	217	24	80	2397	321
09/13/12	2090	205	27	72	2394	304
09/20/12	2093	204	27	65	2389	296
09/27/12	2107	188	29	63	2387	280
10/04/12	2115	182	27	74	2398	283
10/11/12	2116	186	23	74	2399	283
10/18/12	2117	190	18	72	2397	280
10/25/12	2120	189	22	69	2400	280
11/01/12	2128	182	22	69	2401	273
11/08/12	2133	180	19	67	2399	266
11/15/12	2136	177	20	64	2397	261
11/22/12	2139	174	20	66	2399	260
11/29/12	2140	177	16	71	2404	264
12/06/12	2139	179	14	73	2405	266
12/13/12	2139	180	12	71	2402	263
12/20/12	2141	176	12	73	2402	261

 

[farml1234]

who ever was doing most of the drilling down in the Haynesville field may have finnly realized they are working for ZERO! Now if OilEng is correct with his numbers for the Canol shale we may have a real winner with the oil production if and when it is devloped     JMHO

[SigmaKappa]

Only way WIT falls to $60 is due to marco economic events. For Canol the resource is their (OilEng) is pretty close to projections. Infasructure will be built to follow the play. The issue going forward will be technical...will they be able to get the resource out from the shale.

[OilEng]

If the world price (Brent) stays the same, I think that the price of WTI is going to increase by about $20 bbl over the next few years.  Historically WTI has sold for the same price as Brent because it is the same quality; however, increased production from the Bakken and the oil sands has overwhelmed the storage and pipeline capacity in and to Cushing Oklahoma where WTI is priced.  This

[farml1234]

WTI price increase should be sooner than most think , artical below states new pipelines are coming on line and the price for WTI should raise.https://www.firstenercastfinancial.com/news/story/51394-refiners-beating-exxon-join-pipeline-boom-lost-margin