In the oil window, we’re encouraged by the oil flows or tests from five wells. EnerVest has completed one well in Guernsey County and one in Stark County, about which Ron will discuss in just a few minutes. Both wells will be shut-in for a minimum of 30 to 60 days to dissipate the pads. And this is a procedure that we and Chesapeake are following and the results of these shut-ins in this dissipation process has proven to be significantly better – particularly in NGL wells, and we believe it will help in the oil window too.We’ve hired Jefferies & Company to act as our advisor on the Utica monetization process and will formally launch the process by the end of the second quarter with a data room for our operated acreage opening in early July and we’re going to follow this with a data room for the outside operated leases opening about 30 to 45 days later.
EV Energy Partners Management CEO Discusses Q1 2012 Results - Earnings Call Transcript
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