Charles:
If I read the time of your last post correctly, you were up awfully early or up very late. Whatever the case, hope you are back from the vacation fit and sound and ready to go to work keeping us informed. As I mentioned yesterday, I went over and took a peek at the Crabb site. Basically, all I could glean out of the Crabb visit was that quite a bit of work has gone on since my last visit and that the gas pipeline (looks like an 8") is almost complete. A very minimal flare tells me that they aren’t actually producing the well yet or at least now. The flare was basically no more than what I would call a pilot flare. In your update post, you mentioned that the Crabb well was showing good numbers. Sounds like they may have flow tested the well! If so, do you have any knowledge of what that was? Whatever the numbers, an 8" line says they are looking into the future for a considerable volume of gas, either from this well or one or a multiple of others from the South.
For sure any of these producers today are looking to produce as much high number API gravity crude (~50) as they can. Gas is cheap, heavy crude is a pain to refine. It requires furnaces, and a whole gambit of downstream equipment to produce the gasoline or heating oil they want right now. Again, it looks like these guys want the clear or slightly yellow light crude that they can run through a couple of towers, across one bed of catalyst and onto the pump.
Glad you are back.