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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16513437" data-attributes="member: 137766"><p>The Saudi's and Russian may regret their little price war. Necessity is the mother of invention. </p><p></p><p>This was extracted from a quarterly report I was reading. They obviously don't say how efficient they have gotten or what the break even price per barrel of oil or cubic foot of gas is, but it is lower.</p><p></p><p>"</p><p><strong>Shneur Gershuni</strong></p><p></p><p>Okay. And then maybe it's a follow-up question one of your peers yesterday sort of was talking about Williston in general that the producers are becoming significantly more efficient, more stages per frac, longer laterals and so forth and sort of intimated [indiscernible] are going to continue to go up and maybe even faster than they had previously. Is that something that you're hearing from your customers as well too? Is that something that you're seeing as well also?</p><p></p><p><strong>Chuck Kelley</strong></p><p></p><p>Yes. This is Chuck. We are seeing that from our producers, I think we mentioned on last call lateral lengths we're seeing pushing out to the three mile level. We're also seeing increased frac stages. So we're seeing greater production efficiencies and of course the GORs continue to rise in the basin so when you look at those three components it's all painting a pretty good picture for these new wells coming online.</p><p></p><p><strong>Terry Spencer</strong></p><p></p><p>And Chuck that the bottom line to that is that break-even costs continue to come down significantly.</p><p></p><p><strong>Chuck Kelley</strong></p><p></p><p>That's correct."</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16513437, member: 137766"] The Saudi's and Russian may regret their little price war. Necessity is the mother of invention. This was extracted from a quarterly report I was reading. They obviously don't say how efficient they have gotten or what the break even price per barrel of oil or cubic foot of gas is, but it is lower. " [b]Shneur Gershuni[/b] Okay. And then maybe it's a follow-up question one of your peers yesterday sort of was talking about Williston in general that the producers are becoming significantly more efficient, more stages per frac, longer laterals and so forth and sort of intimated [indiscernible] are going to continue to go up and maybe even faster than they had previously. Is that something that you're hearing from your customers as well too? Is that something that you're seeing as well also? [b]Chuck Kelley[/b] Yes. This is Chuck. We are seeing that from our producers, I think we mentioned on last call lateral lengths we're seeing pushing out to the three mile level. We're also seeing increased frac stages. So we're seeing greater production efficiencies and of course the GORs continue to rise in the basin so when you look at those three components it's all painting a pretty good picture for these new wells coming online. [b]Terry Spencer[/b] And Chuck that the bottom line to that is that break-even costs continue to come down significantly. [b]Chuck Kelley[/b] That's correct." [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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