The second area is the super-rich Upper Devonian. We believe the Upper Devonian has comparable hydrocarbons in place relative to the Marcellus. This thermal maturity is also similar to the Marcellus. Where the Marcellus is dry, wet and super-rich, we believe so too is the Upper Devonian. To provide more data to evaluate this potential, we plan to drill a few wells in the super-rich Upper Devonian this year, which will be our first test there.

Read the rest of this transcript for free on seekingalpha.com

If you liked this article you might like

Trader's Daily Notebook: Apple's Chart Looks Really Good

Blackberry, Exact Sciences, Splunk, Freeport-McMoRan: 'Mad Money' Lightning Round

Get Your Head Into the Cloud: Cramer's 'Mad Money' Recap (Monday 5/22/17)

Jim Cramer on Trading Natural Gas Stocks Cabot, Chesapeake