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Of course, Doug is ignoring that while drilling, the operator temporarily lost control of the well and a flare occurred that lasted over two hours, a pretty good sign that a lot of gas was flowing up the well.
FORBES: No Davy Jones Monkey Business For McMoRan
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Think about what this advancement has meant just in terms of access to the resources: When drilling into a hydrocarbon bearing formation 100 feet thick, vertical drilling would allow an operator to contact 100 feet of rock, which would limit your potential recovery to whatever oil or gas would flow into that length of pipe.
FORBES: Horizontal Drilling: A Technological Marvel Ignored
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It is increasing its interest in properties it knows well because it is the operator controlling the drilling in most of them.
FORBES: Jim Bob Moffett Puts His Money Where His Mouth Is