Congrats to TXN shareholders, and to Foss and company for an excellent result.
Please allow me to boast a little because I don't get this right too often: On 15 December stlamc wrote: "TXN's forthcoming wells might be very productive and share enhancing. TXN's past Eagle Ford wells had initial IPs of 1000 to 1400 bopd (yes, that's oil only), and the wells now in development should produce even more due to greater lateral length and number of fracs. (My prediction is initial IP of more than 2000 bopd, but I'm neither an oil expert nor soothsayer.) If these wells produce nicely, then TXN shares will rise accordingly in January."
Well, Hoskins H3 didn't quite get 2000 bopd, but did reach 2000 boepd, which is quite respectable. Not usre if the choke is comparable -- opening the choke makes the initial flow higher, but can be detrimental to longer term flow rates.
TXN Price at posting:
41.5¢ Sentiment: None Disclosure: Held
