coffeeguyzz wrote:marmico
Actually, I think Laherrerre missed the Appalachian Basin potential in a very big way.
Going to Enno Peters' site and punching up the counties between NEPA and SWPA, one finds very productive wells that are pretty old ... aka archaic design. Just very little development due to pricing, lack of takeaway, and not able to compete with Susquehanna, Greene, et al.
However, in what I consider one of the bigger bombshells in some time in the 'shale world', CNX just announced at their March presentation plans to develop over 1,700 Deep Utica wells in both Central PA and SWPA.
The clear implications that CNX feels the Utica is comparable to the Marcellus cannot be over emphasized in its importance.
Blah blah blah, hydrocarbons (no diesel) everywhere.
TOTAL COLLAPSE UPDATE:
BP, F, GE, SIEMENS,,,etc all in meltdown mode today down 2-3%.
Going out of business. Penny stocks within 2 years.