PROJECTS ARE NOT LEVERAGED
When natural gas prices fall below other entities’ debt service, there is a risk of foreclosure. Campbell has the freedom to control sales, if natural gas spot prices are too low.
CAMPBELL TURNKEY PRICES ARE TYPICALLY LOWER THAN OTHERS
Less money is spent per well, which can result in more wells drilled.
Management participates in its projects. Other operators may receive significant benefit without any risk.
CAMPBELL DRILLS TO DEEPER DEPTHS
Most developer/operators drill shallower, putting more money in their pockets, and possibly yielding less from the well. The average depth of Campbell wells is 4-500 feet deeper than others drilling in the same region of Western Pennsylvania.
CAMPBELL STIMULATES ALL PRACTICAL FORMATIONS
Others may stimulate only 1 or 2 formations, then buy the well when those formations stop producing. They then stimulate the remaining formations for themselves.
CAMPBELL DOES NOT DO A BLIND POOL
(We publish the list of wells we propose to drill)
When another company develops a good well, will it be turned over to its joint venturers, or kept for themselves? Campbell identifies proposed sites up front.