Also during the second quarter, we drilled our first horizontal Mississippian well in excess of 1,000 barrels of oil equivalent per day. Its peak 24 hour rate was 1,363 barrels of oil equivalent per day. The liquids portion of this rate was 1,122 barrels per day comprised of 782 barrels of oil per day and 340 barrels of natural gas liquids per day.
We're also making good progress in the super-rich and wet areas in the Southwest portion of the Marcellus along with the dry gas portion of Northeast Pennsylvania. In particular, we just recently completed a new well in the super-rich area that flowed at a rate of 5.7 million cubic feet of gas per day and 1,000 barrels of liquids per day, of which 55% is condensate. Ray will discuss these areas in more detail and he'll also update you on our first 2 Upper Devonian wells in the superrich area in Southwest Pennsylvania.
In addition, we're currently drilling our first Utica well in Northwest Pennsylvania and started drilling our next series of Cline Shale and Wolfberry wells in West Texas.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV