Posted On: 03/11/2013 9:12:02 AM
Post# of 39368
The face of West Texas should begin to change moving forward as we expect to be drilling and completed over the next 2 - 3 weeks at the Mitchell. We have another location in mind to begin drilling and I'd think we could be moving directly there as the rig is already here. We need positive results to continue this onslaught. It's exciting for sure. I am very interested to see the stock action today and all this week leading up to the Spud.
Definition of 'Spud'In the oil and gas industry, the process of beginning to drill a well. Initially a larger drill bit is used to drill a surface hole, which is lined with casing and cement to protect groundwater. After the surface hole is completed, the main drill bit is inserted and the well is drilled to the total depth. Can also be referred to as "spudding in". |
Read more: http://www.investopedia.com/terms/s/spud.asp#ixzz2NEijRyRq
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