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Concho Rocks the Avalon Shale
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Concho Resources latest conference call highlighted the company's recent significant well results targeting the Avalon Shale:
President and CEO Timothy Leach:Avalon Shale:
"Well, the Avalon is a shale compared to the Bone Spring, which is more of a conventional reservoir. So we don't want to give away any of our trade secrets, but it's specifically designing those completions to better drain the type of rock you're in. And it has to do with the placement of those stages and how much sand we're pumping and what kind of fluid we're using. But it all kind of stems from the breakthroughs in the learning curve we had starting with the 2nd Bone Spring.
We are trucking that oil right now, pipelines coming on next year in first quarter, big strategic deal for Concho in N Delaware. Differentials…
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