Tx RRC site can be mind numbing to say the least.
I cannot comment directly on Three Span’s costs, but the fact that they were wanting to bring in partners says a lot about their perception of economics in today’s environment.
I figure that the lowest they could get costs to here would be in the $4.5-$5 Million drilled and completed range - even their best well won’t work from a discounted ROI at these numbers.
Just my opinion on this.