Thursday, May 5, 2011

Pioneer Resources conference call

Pioneer Resources had their conference call today. Here are some of the highlights.

- Early 20 acre well spacing is exceeding expectations and the 110,000 barrel type curve. They believe the Spraberry and Wolfcamp shale are causing the increased production and are now estimating a 140,000 barrell curve.

- Strawn is adding to reserves. Atoka is in being tested.

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