This'll make you feel better.
* * * * * J B K * * * * *
San Francisco
Liquids, including light oil, are setting Granite Wash apart from other unconventional gas developments. Oklahoma City- based Chesapeake, the third-biggest producer of U.S. gas, said April 13 that its Granite Wash operations have the highest rates of return in the company.
Producing 1,000 barrels of gas liquids or oil a day would be worth about $82,000 at current futures prices. An equivalent amount of dry gas would be worth less than $30,000.
Apache's first horizontal well at Granite Wash, drilled more than two miles below ground, extracted enough oil and gas to pay for itself in three months, the Houston-based company said. It will produce for decades.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMc8yR7RaRRc&pos=4
