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drill bit |
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It is semi-circular with its design reflecting the rotation of a drillbit. Reserve replacement through the drillbit was 535 bcfe, or 349% of production (including 205 bcfe of positive performance revisions and 135 bcfe of positive revisions resulting from oil and natural gas price increases between December 31, 2006 and March 31, 2007) and 85% of the total increase. We accomplished our goal of production growth through the drillbit in 2006 with an impressive 26% increase over the prior year. |
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