[Praxeologue]

What is your considered opinion on the Monterey Shale, Crusty?

[crusty old prospector]

There is definitely a huge resource there, similar to the Tuscaloosa Marine Shale in Louisiana and Mississippi. It doesn't appear that just taking the same type of completion design from the Bakken or the Eagle Ford is working there. Given time, someone will come up with the right methodology to crack the code. Unfortunately, the companies that are currently working it aren't the major players in the other plays that would bring any expertise.