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Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2009 at 2:46

Link to article:

http://www.streetinsider.com/Press+Releases/Schlumberger+Announces+...

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Permalink Reply by Greedy Landowner on July 24, 2009 at 6:25

I know this came from a "good vibes" press release, but hypothetically with drilling the lateral 3 x faster, how much money could be saved?

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Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2009 at 6:58

GL, I don't know. I did not post the report excerpt because of the purported cost savings. I posted it because some of our members are Camterra lessors who have complained of being hbp'ed by vertical HA wells and who opined that Camterra did not seem willing or capable of drilling and successfully completing horizontal HA wells. Camterra's leasehold is in a highly prospective area of the Play with the potential to generate significant royalty income. Camterra just has to learn to develop their deep rights or JV with an operator that is capable. I am hoping that this represents a good turn of events in that regard.

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Permalink Reply by The_Baron on July 24, 2009 at 6:59

The typycal dayrate for a rig is around $25,000-40,000

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Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2009 at 9:41

That should make for a tidy savings.

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Permalink Reply by Randy on July 24, 2009 at 10:51

That's assuming these 'power-drive rotary' tools aren't 3x as expensive.

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