Energy Prospectus

Based on recent calls no sign of drilling let up in the Haynesville in Q1. In EOG call reference to Dorado development in South Texas seems to suggest continued drilling with a bit slower pace in completions.

Comstock said they are dropping two Haynesville rigs.

I think that is the same 2 they announced at year end. They seem to be full tilt in the E Texas Bossier but if course they can curtail some completions. I think this quarter have significant slowing with gas near $2. The royalty companies can only look in the rear view mirror and report what happened. Q2 and Q3 will be key. We shall see.