Exploration & Production
Cabot Reports On Smackover Brown Dense Drilling
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The cost was the acreage cost of the 13,000-plus acres and the cost of the drilling, which we wrote-off as our dry hole cost, which was around $10 million. And right now, we're still, again, have learned that it's productive, continued capital being spent in the area by different operators and making an effort to determine how to make it economic up there and compete with the other plays that companies have to allocate capital on. So we're not -- again, because we write-off the well, we're not saying we're condemning the play.
Dan O. Dinges - Chairman, Chief Executive Officer said, "I think it's just the early stage of going into a virgin area to drill well when you have decisions on where you're going to place the well in the zone and what type of fracs you're going to place on it, how…
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