I see agentm is in the cooler lol! Anyhoo the work continues regardless. Results from NFR were posted 14th November..Cotton Valley looks to be in a wet gas area but the results were tidy nevertheless :)
HOUSTON, Nov. 14, 2012 /PRNewswire/ -- NFR Energy LLC today reported its unaudited third quarter 2012 financial and operating results. Key Third Quarter Results and Recent Events: Drilled and completed Berckenhoff #1H – second well in the Eagle ford Shale Completed sale of Montana assets for approximately $18 million Post- September 30, executed second farm-out agreement providing NFR to earn 50% of 4,600 acres in Dewitt County in the Eagle Ford Shale. Subsequent to September 30th, the company has completed two Cotton Valley horizontal wells off a single pad in the Minden area. The two wells, the Jones 4H and the Redwine 4H, are producing at a combined gross rate of 12.7 MMCFD gas and 125 BOPD condensate with an additional estimated 370 barrels of NGL liquids per day. The wells are currently restricted due to pipeline constraints. In the next week we anticipate resolving this issue and the wells will be increased to a combined gas rate of 20 MMCFD.
TXN Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
