Tuesday, March 19, 2013

Analyst says "So far Cline results have been good"

An article was posted today (click here) on the San Antonio Express News website talking about the Texas oil boom.  Noteworthy was this:

Benjamin Shattuck, an analyst with Wood Mackenzie in Houston, told the San Antonio Express-News that 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."

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