I’ve seen quite a few operators drill a vertical to hijack, 500+ acres with an underperforming well that sits on top of a quality tier 2 shale pay. I have a hunch these owners signed the producers 88 lease or something like it. Penn Virginia now Baytex has some high quality wells on large acreage where they have room for 5 more horizontals yet continue to run 1 even now after 13 years. What are they waiting on?
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