In our release last night, we updated our 2011 capital investment program to an estimated $1.9 billion. This is $200 million higher than our beginning-of-year estimates, and the primary drivers behind the increase are as follows:
first, a large portion of the increase relates to new and ongoing leasing of acreage in an undisclosed resource play. Our expansion into this area actually began in 2010. Although we felt it was prudent to include in our planned expenditures, we are not yet ready to disclose our position in this area. We will provide additional details to you later this year.
Utica? Tuscaloosa? Smackover? Chainman? Tyler? Heath? Jokin muu?
No comments:
Post a Comment