An article in the Times Record News (click here for link) says, "The latest hot spot in oil exploration is the Cline Shale play in West Texas."
Fuelfix.com posted a new article (click here) and here a few quotes from that article:
Benjamin Shattuck, an analyst with Wood Mackenzie in Houston, said just 80 to 100 wells have been drilled in the Cline, and data is sketchy so far. He expects the industry in six months will have twice as much information on Cline Shale as it does now.
“Operators are doing their best to keep the result confidential,” he said. “The big thing in the Cline is that results so far have been good.”
Apparently, it seems like Cline shale results from Devon and others are being held confidential. Hopefully, results will filter to the market soon. A good sign, though, is that several companies are continuing to drill wells and buy Cline land.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment