Certainly lots of activity & talk going on around the vicinity but very little with ADI to have little friends of interest. Unless everyone is sitting on the fence waiting for something to happen but when a positive announcement does come out the sp seems to go nowhere but slightly down if anything.
Why the lack of interest when the the opposite can be said for the region?
people posting regional info is just how it goes, i know of no other thread anywhere on any forum that holds the level of regional info that this one does..
there are certainly plenty of specific blogs out there that are directly dealing with the eagleford and the leasing issues etc.. but this site is not about the leases, its about adi..
the lucas deal means a lot, it indicates the serious commitment that hilcorp quite possibly are involved in.. my view is that the news items i post are relevant to the adi share as its blatantly obvious to me that there is yet to be any significant value attributed to the jvp thus far to what i consider to be world class play..
no one is getting it right now, the comments from conoco recently are being ignored also imho..
but imho they are absolutely spot on
F I N A L T R A N S C R I P T
Mar. 24. 2010 / 12:30PM, COP - ConocoPhillips Analyst Meeting
Kevin Meyers - ConocoPhillips - SVP E&P - Americas
“So where are we spending our money in 2010 in lower 48 and Canada onshore? We plan to spend about $1.2 billion in new investment in 2010 in this area, and our focus areas really are threefold. The first of these is in our shale plays, in particular the Bakken and the Eagle Ford. We look at the Bakken; we continue to get very, very exciting results out of there. Our initial production rates in the Bakken in our recent wells have ranged from 1,800 to 2,400 barrels per day. And, again, that is liquids, so you get excited about those liquid production.
When you look at the Eagle Ford, we currently have three rigs drilling in the Eagle Ford. We have planned by the next six months to bring on about 15 wells and put them on production. Our most recent well that we tested down there got 4.5 million standard cubic feet per day of gas, and that's a pretty good result in and of itself, but when you add on the fact that we also got 1,800 barrels of liquids, then you start to get really excited. So we're looking at expanding our program there into Eagle Ford and believe it has great promise for us.”
Larry Archibald - ConocoPhillips - SVP Exploration & BD
"I'd just reinforce the Eagle Ford. At a time we had such a big position in the Eagle Ford -- we amassed over 300,000 acres in the overall Austin Chalk and Eagle Ford trend, about 240,000 of that in the sweet spot of just the Eagle Ford, the rest of that in the nice Austin Chalk play. We continued to drive down costs and see such good rates that we decided not to flip any of our acreage and we're just ramping up rigs now.
For example, we are in a very oily part of the play relative to some of the competition, Petrohawk and others in a more dry gas part of the play. Last fall, we tested at a rate of about 4.5 million cubic feet a day and 1,800 barrels of condensate per day on tests. So, over 11 million cubic feet equivalent a day, but two-thirds of that liquids.
So, this high liquid content, the high value, is consistent with our strategy of delivering near-term value in the liquid side, and we're adding rigs to the play, and really focused on Eagle Ford now, but what we haven't talked about much is equally interesting.
Stacked over most of our Eagle Ford acreage is a beautiful Austin Chalk play. We've drilled some laterals in the Austin Chalk and achieved exceptional rates, good liquids content in the Austin Chalk as well. So, I expect we'll be exploiting that play for a decade later; after we're done with the Eagle Ford, coming back and hitting most of the Austin Chalk with laterals."
http://www.conocophillips.com/EN/inv...3-24T12_30.pdf