>Interesting, just a year can cut the drilling time by 2/3. I guess it is true, that practice makes perfect :)

....and drilling time is directly proportional to drilling costs, which play a very important part of the economics equation. The other parts of the equation being flow rates and the price of gas.

What I'm getting at is that everyone seems to be waiting for flow rates, but on their own, flow rates alone won't tell the entire story. I hope that when the time comes, if Exxon releases flow rates from the wells, they do so in a way that everyone can understand their true meaning. After all, what is good? The Maquarie report suggested 10 mmcf/day would be economic, but that was based on a $12 million production well. The first set of results might be lower, lets say 4 mmcf day. Is that good? No, not for a production well, but what if Exxon only fracced a small section and was only expecting 2 mmcf/day?

In other words, a comment from Exxon saying "we are very pleased" might be better than actual numbers....unless of course they frac the whole thing and get 20 :)