WTI is now $101 for texon with the premiumthe eagleford is...

WTI is now $101 for texon with the premium

the eagleford is really a fully credible oil play, and a report just a few days ago demonstrated chesapeakes zavala county oil acreages were suddenly economic.. the western regions of the efs traditionally had poor economics, low yielding wells.. chesapeake just put in a bunch of wells there with one delivering over 1400 bopd. 97% oil

competitors whom all had shocking results there thus far have mirrored the chesapeake completions, and they have all been getting over 1000 bopd..
chespeake declare their acreages valued at $30 - $50k per acre now they have those wells over 1000 bopd

imho it bodes well for texon as the mcmullen acreages and wells surrounding it all are returning and performing well.

as much as the market is reluctant to give texon a $30k+ valuation... it doesnt detract from the probability that the sale is most probably going to be in that bracket regardless...

so its really a case of being patient in these ground hog days..