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The company has scored an equity capital commitment of $75 million from an affiliate of ArcLight Capital Partners, LLC.
The Mississippi Lime is emerging as one of the top new horizontal plays in the United States. Initially a vertical play, horizontal techniques have increased interest in the area. Production varies significantly from one operator to the next. Well design is the biggest variable, but we need more results to give consistent averages.
Mississippi Lime horizontal well costs are $2.4 and $3.5 million. Well design varies from 2500 to…