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This well was drilled on the State lease sale parcles they picked up last year:
http://www.miningtopnews.com/national-fu... Let's do some math... Initial IP of 5.8 MMCFD "with almost no decline" should result in an EUR of at least 3-3.5 BCF/well, probably more. Cabbell states they will drill over 100 horizontals on the state tracts. 100 wells x 3-3.5 BCF/ well = 0.3 to 0.35 TCF for the state tracts alone. This does not include the +/- 700,000 of net fee mineral acres NFG own in the central portion of the fairway. NFG sitting on a gold mine. Rating :
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