WELL AND OPERATING COSTS

Has anyone heard if the well and operating costs coming down yet due to the downturn?

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Permalink Reply by E & E on August 8, 2009 at 5:58
Scott,
Most of the operators has said so in their transcripts of their quarterlies. Or that they are working on it. If I remember correctly CHK has done the best.
Earlene
Permalink Reply by Les Bamburg on August 8, 2009 at 18:02
Scott, not only have rig rates decreased but drill times have been reduced from 60+ days down to ~ 40 to 45 day average. Total well drill & complete capital cost seem to be headed to the $7MM to $8MM territory.
Permalink Reply by Scott on August 9, 2009 at 4:48
Wow that is great news. Thanks Les.

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