Parallel Barnett: 2007

Tuesday, September 11, 2007

Field Tour

Field Tour Itinerary

PLLL/CHK own and have access to 75 multi-well sites...we visited only 8 sites

Started at Brentwood #1 - First three wells drilled about 24months ago...This will be a 20well pad. Think about this math...each pad is a 60-80bcfe field. Assuming well recovers 3-4bcfe and the pads access 800-1,000 acres...(50-acre spacing)

Brentwood #2 location - Will be a central facility ...was a ball field...now its a gas field

Next two pads...Bahan, TRWD

Then we went to the drive-in theater..Hickman location

The 4th Street Pad name alone tells the tale...this stuff is in the middle of the city

Finally Hudson and Mercato locations...

Monday, September 10, 2007

Compression and Pipeline Tie In Video

Click to Play to hear about new pipeline capacity by mid-08

Installed 8-27-07...see the inspection point

Drilling Pad Pictures

20 well drilling pad video

Unconstrained vs. Gathering back pressure constrained

Click Play for Narration

Zoomable picture

Drive-In Drilling Pad

One well producing, one unloading. Tested 3mmcf/d on 12/64th with high ftp

First Drilling Pad

Old well near ground with three wells in the distance. White vessels hold corrosion inhibitor.

Well site being prepared and expanded

Lot's of space for new wells

Disclosure Statement

Copyright 2007, Tudor, Pickering & Co. Securities, Inc. This information is confidential and is intended only for the individual named. This information may not be disclosed, copied or disseminated, in whole or in part, without the prior written permission of Tudor, Pickering & Co. Securities, Inc. This communication is based on information which Tudor, Pickering & Co. Securities, Inc. believes is reliable. However, Tudor, Pickering & Co. Securities, Inc. does not represent or warrant its accuracy. This message should not be considered as an offer or solicitation to buy or sell any securities.

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We, Dan Pickering, Dave Pursell, Byron Pope, Jeff Tillery, Stacy Nieuwoudt, David Heikkinen, Marshall Carver, Becca Followill, Holly Stewart and Brad Pattarozzi do hereby certify that, to the best of our knowledge, the views and opinions in this research report accurately reflect our personal views about the company and its securities. We have not nor will we receive direct or indirect compensation in return for expressing specific recommendations or viewpoints in this report.

Important Disclosures:
The following analysts were involved in creating or supervising the content of this message; Dan Pickering, Dave Pursell, Byron Pope, Jeff Tillery, Stacy Nieuwoudt, David Heikkinen, Marshall Carver, Becca Followill, Holly Stewart and Brad Pattarozzi. One or more of these analysts (or members of their household) have a long stock position in Anadarko Petroleum Corp., BJ Services, Consol Energy, Contango Oil & Gas, Dynegy, El Paso, Evergreen Energy, Far East Energy Corp., Grant Prideco, Halliburton, Maverick Oil & Gas, Mirant Corp., Natco Group, Natural Gas Services Group, Inc., Pride International, Reliant Energy, RPC, Inc., Southern Co., Torrent Energy, Unbridled Energy, Weatherford, Westside Energy; a short put position in Evergreen Energy.

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Ratings: B = buy, A = accumulate, H = hold, T = trim, S = sell, NR = not rated
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Parallel Barnett