HORIZONTAL WELLS UP ODDS FOR PROFIT IN GIDDINGS AUSTIN CHALK

William T. Maloy Centerline Oil & Gas Inc. San Antonio Horizontal drilling in the Giddings field Austin chalk has significantly improved average well recoveries and more than offset increased drilling costs. Although not the panacea originally promoted, horizontal drilling, in Giddings field, offers economic profits to the average investor. Economic analysis indicates that the typical investor is making money by earning returns in excess of market values.

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