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D. GC_@G MRNMBQ

WMB ICW@LI‐Q WLX W@NMW L@J XJCP COWBU

FLUB WMCI C PBCU LO JL^ L@J XU@ABQ

BCNJB OLUG UBCJ@WP AMBAK

OCJJ 5832

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B  NJBOLUG UB J@WP AMBAK 

 Wmb Ict`li‐s Wlp W`nmt L`j Xjcy Cotbr Flrb Wmci c Pbcr lo Jlw L`j Xr`abs

 D. Gcv`g Munmbs

Ocjj 5832

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``

 _`s`t smcjbeueejb.lrn

olr flrb `iolrfct`li cig rbjctbg rbslurabs.

 Celut tmb Cutmlr

Gcv`g Munmbs `s ci bcrtm sa`bit`st wml mcs stug`bg tmb bibrny rbslurabs lo Acicgc olr olur gbacgbs, `iajug`in 15

ybcrs w`tm tmb Nbljln`acj Qurvby lo Acicgc cs c sa`bit`st cig rbsbcram fcicnbr. Mb gbvbjlpbg tmb Ict`licj Alcj

@ivbitlry tl gbtbrf`ib tmb cvc`jce`j`ty cig biv`rlifbitcj alistrc`its cssla`ctbg w`tm Acicgc‐s alcj rbslurabs. Cs

Wbcf Jbcgbr olr Rialivbit`licj Ncs li tmb Acicg`ci Ncs Xltbit`cj Alff`ttbb, mb allrg`ictbg tmb puej`act`li lo

c alfprbmbis`vb cssbssfbit lo Acicgc‐s uialivbit`licj icturcj ncs pltbit`cj.

Lvbr tmb pcst gbacgb, Munmbs mcs rbsbcrambg, puej`smbg cig jbaturbg w`gbjy li njlecj bibrny cig sustc`ice`j`ty`ssubs `i Ilrtm Cfbr`ac cig `itbrict`licjjy. M`s wlrk w`tm Xlst Acreli @ist`tutb `iajugbs4 c sbr`bs lo pcpbrs

(5833) li tmb amcjjbinbs lo icturcj ncs eb`in c "er`gnb oubj" orlf alcj tl rbibwcejbs; Gr`jj, Ecey, Gr`jj (5831),

wm`am tllk c ocr-rcin`in jllk ct tmb prlspbats olr vcr`lus uialivbit`licj oubjs `i tmb Ri`tbg Qtctbs; Gr`jj`in

Acj`olri`c (5831), wm`am ar`t`acjjy bxcf`ibg tmb R.Q. Bibrny @iolrfct`li Cgf`i`strct`li‐s (B@C) bst`fctbs lo

tbami`acjjy rbalvbrcejb t`nmt l`j `i tmb Flitbrby Qmcjb, wm`am tmb B@C ajc`fbg alist`tutbg twl-tm`rgs lo R.Q. t`nmt l`j

(tmb B@C suesbqubitjy wrltb glwi `ts rbslurab bst`fctb olr tmb Flitbrby ey 0?%); Gr`jj`in Gbbpbr  (5837), wm`am

amcjjbinbg tmb R.Q. Gbpcrtfbit lo Bibrny‐s bxpbatct`li lo jlin-tbrf glfbst`a l`j cig icturcj ncs ceuigciab w`tm

ci `i-gbptm cssbssfbit lo cjj gr`jj`in cig prlguat`li gctc orlf tmb fcdlr smcjb pjcys tmrlunm f`g-5837; cig

Qmcjb Ncs Ubcj`ty Ambak  (5832), W`nmt L`j Ubcj`ty Ambak  (5832) cig Eckkbi Ubcj`ty Ambak  (5832), upgctbs tl

Gr`jj`in Gbbpbr . Qbpcrctbjy orlf Xlst Acreli, Munmbs cutmlrbg EA JIN4 C Ubcj`ty Ambak  `i 5837 cig C Ajbcr _`bw

lo EA JIN `i 5832, wm`am bxcf`ibg tmb `ssubs surrluig`in c prlplsbg fcss`vb sacjb-up lo smcjb ncs prlguat`li

`i Er`t`sm Aljufe`c olr JIN bxplrt.

Munmbs `s prbs`gbit lo Njlecj Qustc`ice`j`ty Ubsbcram, c alisujtciay gbg`actbg tl rbsbcram li bibrny cig

sustc`ice`j`ty `ssubs. Mb `s cjsl c elcrg fbfebr lo Xmys`a`cis, Qa`bit`sts & Bin`ibbrs olr Mbcjtmy Bibrny (XQB

Mbcjtmy Bibrny) cig `s c Objjlw lo Xlst Acreli @ist`tutb. Munmbs alitr`eutbg tl Acreli Qm`ot, ci citmljlny bg`tbg

ey Wmlfcs Mlfbr-G`xli li tmb tw`i `ssubs lo pbck bibrny cig aj`fctb amcinb, cig m`s wlrk mcs ebbi obcturbg `i

Icturb, Acicg`ci Eus`ibss, Ejllfebrn, RQC Wlgcy , cs wbjj cs ltmbr plpujcr prbss, rcg`l, cig tbjbv`s`li.

 Celut Xlst Acreli @ist`tutb

Xlst Acreli @ist`tutb‐s f`ss`li `s tl jbcg tmb trcis`t`li tl c flrb rbs`j`bit, bqu`tcejb, cig sustc`icejb wlrjg eyprlv`g`in `ig`v`gucjs cig alffui`t`bs w`tm tmb rbslurabs ibbgbg tl uigbrstcig cig rbsplig tl tmb `itbrrbjctbgbiv`rlifbitcj, bibrny, balilf`a, cig bqu`ty ar`sbs lo tmb 53st abitury.

Bcnjb Olrg Ubcj`ty Ambak4 Wmb Ict`li‐s Wlp W`nmt L`j Xjcy Cotbr C Pbcr Lo Jlw L`j Xr`abs 

Ey D. Gcv`g Munmbs

@i cssla`ct`li w`tm Xlst Acreli @ist`tutb

Alpyr`nmt © 5832 ey D. Gcv`g Munmbs. Cjj r`nmts rbsbrvbg. Xuej`smbg Gbabfebr 5832.

Olr rbpr`it rbqubsts cig ltmbr `iqu`r`bs, alitcat4

Xlst Acreli @ist`tutb, ?31 Olurtm Qt., Qu`tb 58=, Qcitc Ulsc, Acj`olri`c, 02787

Alvbr `fcnb (aa-ey-ia-sc) Qaltt Wlwbry.

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```

ALIWBIWQ 3

 

Bcnjb Olrg Xrlguat`li Lvbrv`bw .................................................................................................................... 3 

5 

Glf`iciab lo Qwbbt Qplts ............................................................................................................................ 0 

1 

Wbamiljlny @fprlvbfbit Fbbts Nbljlny ................................................................................................... 35 

7 

Outurb Lutjllk .............................................................................................................................................. 37 

2 

Quffcry cig @fpj`act`lis .......................................................................................................................... 3? 

? 

Cppbig`x4 ^bjj Cgg`t`li Uctb _brsus Xrlguat`li Amcinb cig Wltcj Xrlguat`li ey Aluity..................... 3> 

O @NRUBQ O`nurb 3. L`j prlguat`li cig prlgua`in wbjj aluit `i tmb Bcnjb Olrg Xjcy orlf 5880 tmrlunm Dujy 5832. ........ 3

 

O`nurb 5. Ncs prlguat`li rbjct`vb tl l`j prlguat`li `i tmb Bcnjb Olrg Xjcy orlf 5880 tmrlunm Dujy 5832. ....... 5 

O`nurb 1. Aufujct`vb l`j cig ncs prlguat`li `i tmb Bcnjb Olrg Xjcy ey aluity tmrlunm Cunust 5832. .............. 1 

O`nurb 7. Bcnjb Olrg Xjcy l`j prlguat`li ey aluity orlf 5838 tmrlunm Dujy 5832. ............................................. 7 

O`nurb 2. L`j prlguat`li `i `ig`v`gucj aluit`bs orlf 5838 tmrlunm Dujy 5832. .................................................... 2 

O`nurb ?. Ciiucj gr`jj`in rctb vbrsus ciiucj prlguat`li cggbg pbr ibw wbjj orlf 5838 tmrlunm Dujy 5832. ... ? 

O`nurb >. Bcnjb Olrg Xjcy l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbr flitmorlf 5880 tmrlunm Dujy 5832. ............................................................................................................ >

 

O`nurb =. Cvbrcnb prlguat`li lo Bcnjb Olrg wbjjs ey aluity orlf 5833 tmrlunm Dujy 5832. .............................. = 

O`nurb 0. G`str`eut`li cig `i`t`cj l`j prlguat`li (m`nmbst flitm) lo wbjjs ̀ i tmb Bcnjb Olrg cs lo Duib 5837. ... 0 

O`nurb 38. Wypb wbjj gbaj`ib aurvbs ey aluity olr tmb Bcnjb Olrg Xjcy us`in gctc tl ybcr-big 5837. ............. 38 

O`nurb 33. Bst`fctbg ujt`fctb l`j rbalvbry (BRU) ey aluity `i tmb Bcnjb Olrg Xjcy. .......................................... 33 

O`nurb 35. Cvbrcnb prlguat`li rctb lo Bcnjb Olrg wbjjs ey aluity lvbr tmb o`rst s`x-flitms lo prlguat`li

orlf 5838 tmrlunm 5832. ................................................................................................................. 35 

O`nurb 31. M`stlr`acj prlguat`li orlf tmb Bcnjb Olrg Xjcy us`in Gr`jj`in`iol cig B@C Gr`jj`in Xrlguat`v`ty

Ubplrt  (GXU) gctc. ............................................................................................................................. 37 

O`nurb 37. Alfpcr`sli lo ‚Flst J`kbjy‖ Gr`jj`in Gbbpbr olrbacst olr tmb Bcnjb Olrg Xjcy tl olrbacsts ey tmbB@C `i `ts CBL5837 cig CBL5832..................................................................................................... 32

 

O`nurb 32. Gbw`tt Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbr flitmorlf 5838 tmrlunm Dujy, 5832. ......................................................................................................... 3>

 

O`nurb 3?. G`ff`t Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbr flitmorlf 5838 tmrlunm Dujy, 5832. ......................................................................................................... 3=

 

O`nurb 3>. Nlizcjbs Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbrflitm orlf 5838 tmrlunm Dujy, 5832. ............................................................................................. 3=

 

O`nurb 3=. Kcribs Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbr flitmorlf 5838 tmrlunm Dujy, 5832. ......................................................................................................... 30 

O`nurb 30. Jcscjjb Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbr flitmorlf 5838 tmrlunm Dujy, 5832. ......................................................................................................... 30

 

O`nurb 58. FaFujjbi Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbrflitm orlf 5838 tmrlunm Dujy, 5832. ............................................................................................. 58 

O`nurb 53. Ltmbr 52 aluit`bs l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs cggbg pbrflitm orlf 5838 tmrlunm Dujy, 5832. ............................................................................................. 58

 

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Bcnjb Olrg Ubcj`ty Ambak 3

3 Bcnjb Olrg Xrlguat`li Lvbrv`bw

L`j prlguat`li `i tmb Bcnjb Olrg Xjcy lo slutmbri Wbxcs, tmb jcrnbst t`nmt l`j pjcy `i tmb R.Q., `s ilw ocjj`in

cotbr flrb tmci c ybcr lo jlw l`j pr`abs‗eut `t mcs prlvbi flrb rbs`j`bit tmci fciy lesbrvbrs bxpbatbg. Wm`s

pcpbr rbv`bws tmb jctbst gbvbjlpfbits `i tmb Bcnjb Olrg Xjcy cig prlv`gbs ci upgctb lo tmb cssbssfbit `i

fy Gr`jj`in Gbbpbr  rbplrt,3 wm`am wcs puej`smbg `i Latlebr 5837 dust cs tmb turfl`j `i tmb l`j fcrkbts ebnci.

O`nurb 3 `jjustrctbs Bcnjb Olrg prlguat`li tmrlunm Dujy 5832. Xrlguat`li pbckbg `i Fcram 5832, ct 3.?3

f`jj`li ecrrbjs pbr gcy (feg) cig mcs ocjjbi 370,888 ecrrbjs pbr gcy, lr 0.3%, s`iab tmbi. Cs lo Dujy tmbrb

wbrb 31,018 prlgua`in wbjjs `i tmb pjcy, alfpcrbg tl 31,1=7 `i Fcram 5832 ct pbck prlguat`li (prlguat`li

gctc `i tm`s pcpbr crb orlf Gr`jj`in`iol5).

O`nurb 3. L`j prlguat`li cig prlgua`in wbjj aluit `i tmb Bcnjb Olrg Xjcy orlf 5880

tmrlunm Dujy 5832.

3 Gcv`g Munmbs, Gr`jj`in Gbbpbr4 C Ubcj`ty Ambak li R.Q. Nlvbrifbit Olrbacsts olr c Jcst`in W`nmt L`j & Qmcjb Ncs Ellf  (Qcitc Ulsc, AC4 Xlst Acreli

@ist`tutb, 5837); mttp4//smcjbeueejb.lrn.5 Gr`jj`in`iol gctc olr Wbxcs `iajugbs pbig`in gctc tmct mcvb ilt ybt ebbi oujjy prlabssbg ey tmb Wbxcs Uc`jrlcg Alff`ss`li, mbiab `s flrb alfpjbtb olr

rbabit flitms tmci prlguat`li gctc puej`smbg ey tmb Wbxcs Uc`jrlcg Alff`ss`li.

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Bcnjb Olrg Ubcj`ty Ambak 5

Wmb Bcnjb Olrg Xjcy `s cjsl c prlj`o`a smcjb ncs prlguabr, rcikbg sbalig lijy tl tmb Fcrabjjus, cig caaluits

olr ibcrjy 35% lo R.Q. smcjb ncs prlguat`li. O`nurb 5 `jjustrctbs ncs prlguat`li `i tmb Bcnjb Olrg tmrlunm Dujy

5832 `i alfpcr`sli tl l`j prlguat`li. Cjtmlunm ncs prlguat`li cjsl pbckbg `i Fcram 5832, ct ? e`jj`li aue`a

obbt pbr gcy (eao/g), `t mcs gbaj`ibg fuam jbss tmci l`j s`iab tmbi. 

O`nurb 5. Ncs prlguat`li rbjct`vb tl l`j prlguat`li `i tmb Bcnjb Olrg Xjcy orlf 5880

tmrlunm Dujy 5832.

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Bcnjb Olrg Ubcj`ty Ambak 1

Flrb tmci =8% lo tmb Bcnjb Olrg‐s aufujct`vb l`j prlguat`li mcs alfb orlf ? lo 13 aluit`bs, cig mcjo mcs

alfb orlf tmrbb4 Kcribs, Gbw`tt cig Jcscjjb (O`nurb 1). L`j prlguat`li `s aliabitrctbg `i tmb up-g`p ‚l`j

w`iglw‖, cjlin tmb ilrtmwbstbri bgnb lo tmb pjcy, wmbrbcs ncs prlguat`li `s aliabitrctbg `i tmb glwi-g`p

‚ncs w`iglw‖, mbiab g`str`eut`li lo l`j cig ncs prlguat`li gbpbigs li wm`am w`iglw c aluity `s lvbrjy`in.

^bee Aluity, olr bxcfpjb, mcs prlguabg 50% lo tmb pjcy‐s aufujct`vb ncs prlguat`li ybt dust 7% lo

aufujct`vb l`j prlguat`li.

O`nurb 1. Aufujct`vb l`j cig ncs prlguat`li `i tmb Bcnjb Olrg Xjcy ey aluity tmrlunm

Cunust 5832.

Icturcj ncs prlguat`li `s bxprbssbg `i ‚ecrrbjs lo l`j bqu`vcjbit‖ ct c alivbrs`li rctb lo ?,888 aue`a obbt lo

ncs tl lib ecrrbj lo l`j.

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Bcnjb Olrg Ubcj`ty Ambak 7

Wmb trbig `i tmb aliabitrct`li lo prlguat`li w`tm`i tlp aluit`bs mcs alit`iubg. @i Dujy 5832, 25% lo

prlguat`li acfb orlf Kcribs, Gbw`tt cig Jcscjjb aluit`bs, cig =3% acfb orlf tmb tlp s`x aluit`bs (O`nurb

7).

O`nurb 7. Bcnjb Olrg Xjcy l`j prlguat`li ey aluity orlf 5838 tmrlunm Dujy 5832.

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Bcnjb Olrg Ubcj`ty Ambak 2

L`j prlguat`li pbckbg `i cjj aluit`bs ebtwbbi Duib 5837 cig Fcy 5832 (O`nurb 2). Kcribs Aluity, tmb tlp

prlguabr, mcs bxpbr`biabg tmb jcrnbst gbaj`ib ct 27.7 tmluscig ecrrbjs pbr gcy lr c 32.2% rbguat`li orlf

pbck. G`ff`t Aluity, w`tm tmb olurtm m`nmbst prlguat`li, mcs gbaj`ibg tmb jbcst. Wm`s `s slfbwmct

aluitbr`itu`t`vb cs alivbit`licj w`sglf sunnbsts tmct alfpci`bs crb olaus`in gr`jj`in boolrts li tmb`r ebst

carbcnb, wm`am `s `i tlp aluit`bs suam cs Kcribs, cig w`tmgrcw`in orlf flrb fcrn`icj pcrts lo tmb pjcy `i

lrgbr tl fcx`f`zb balilf`as `i c jlw l`j pr`ab biv`rlifbit. Wmb rbcsli olr tmb stbbpbr gbaj`ib `i Kcribs

Aluity `s j`kbjy tmct `t `s tmb flst mbcv`jy gr`jjbg cig m`nm qucj`ty jlact`lis crb ruii`in lut, wm`am `s

bv`gbiabg ey tmb gbaj`ib `i cvbrcnb wbjj prlguat`v`ty (sbb ‚Wbamiljlny @fprlvbfbit Fbbts Nbljlny‖, pcnb

35) cig tmb =8% gbaj`ib `i tmb rctb lo wbjj alfpjbt`lis (O`nurb 3=). G`ff`t Aluity, li tmb ltmbr mcig, mcs

bxpbr`biabg c sj`nmt ``fprlvbfbit `i wbjj qucj`ty cig c jbssbr gbaj`ib `i tmb rctb lo wbjj alfpjbt`lis (O`nurb

3?).

Aluity Xbck Flitm % Ebjlw Xbck Gbarbcsb (keej/g)

Kcribs Fcr-32 32.7>% 27.7

Gbw`tt Fcr-32 38.2?% 50.0

Jcscjjb Fcr-32 ?.>8% 32.?

G`ff`t Fcy-32 7.77% =.1

FaFujjbi Gba-37 0.27% 31.>

Nlizcjbs Dui-37 55.=>% 17.?

Ltmbr 52 Gba-37 31.>?% 77.0

O`nurb 2. L`j prlguat`li `i `ig`v`gucj aluit`bs orlf 5838 tmrlunm Dujy 5832.

Cjsl smlwi `s tmb flitm l`j prlguat`li pbckbg cig tmb pbrabitcnb cig catucj prlguat`li gbaj`ib orlf

pbck.

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Bcnjb Olrg Ubcj`ty Ambak ?

Wmb grlp `i r`n aluit, orlf 53= `i Dujy 5837 tl >1 tlgcy (Ilvbfebr 5832)1, smlujg ey ilw, `i tmblry, mcvb

rbsujtbg `i c prba`p`tlus aljjcpsb `i tmb rctb lo cgg`t`li lo ibw prlgua`in wbjjs. Wm`s mcs ebbi slfbwmct

futbg, mlwbvbr, lw`in tl tmb alfpjbt`li lo wbjjs gr`jjbg bcrj`br (tbrfbg GRAs4 gr`jjbg eut uialfpjbtbg

wbjjs), cig tl nrbctbr boo`a`bia`bs cjjlw`in flrb wbjjs tl eb gr`jjbg ey c s`injb r`n pbr ui`t lo t`fb (cjtmlunm

suam `fprlvbfbits crb j`kbjy tl mcvb ebbi fcrn`icj lvbr tmb pcst 35 flitms alfpcrbg tl bcrj`br nc`is).

O`nurb ? `jjustrctbs tmb rctb lo gr`jj`in li ci ciiucj ecs`s cig tmb cfluit lo prlguat`li cggbg tl tmb pjcy

orlf bcam ibw wbjj. Cs aci eb sbbi, li ci ciiucj ecs`s tmb rctb lo gr`jj`in mcs gbaj`ibg orlf lvbr 7,888wbjjs pbr ybcr `i jctb 5837 tl dust lvbr 1,888 `i Dujy 5832. Xrlguat`li cggbg tl tmb pjcy w`tm bcam ibw wbjj

mcs gbaj`ibg orlf 3=8 ecrrbjs pbr gcy, wmbi tmb pjcy‐s prlguat`li wcs nrlw`in rcp`gjy `i 5833, tl jbss tmci

52 ecrrbjs pbr gcy. C gr`jj`in rctb lo 5,088 wbjjs pbr ybcr gr`jj`in `s rbqu`rbg tl loosbt stct`a o`bjg gbaj`ib cig

kbbp prlguat`li ojct.

O`nurb ?. Ciiucj gr`jj`in rctb vbrsus ciiucj prlguat`li cggbg pbr ibw wbjj orlf 5838

tmrlunm Dujy 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

1 Eckbr-Munmbs r`n aluit olr tmb wbbk lo Ilvbfebr 5>, 5832, mttp4//pmx.alrplrctb-`r.ibt/pmlbi`x.zmtfj<a6>0?=>&p6`rlj-rbplrtsltmbr.

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Bcnjb Olrg Ubcj`ty Ambak >

O`nurb > `jjustrctbs tmb alrrbjct`li ebtwbbi gr`jj`in rctb cig prlguat`li li c flitmjy ecs`s. @i lrgbr tl

fc`itc`i prlguat`li ct tmb pbck rctb lo 3.? feg, 575 ibw prlgua`in wbjjs ibbg tl eb cggbg bcam flitm tl

lvbralfb tmb stct`a o`bjg prlguat`li gbaj`ib lo tmb pjcy, wm`am `i 5837 wcs 52% pbr ybcr. Wmb rctb lo wbjj

cgg`t`lis objj ebjlw tm`s tmrbsmljg `i Fcram cig prlguat`li ebnci tl ocjj, cjtmlunm tmb rctb lo prlgua`in wbjj

cgg`t`lis rbfc`ibg fuam m`nmbr tmci `fpj`bg ey tmb grcst`a grlp `i r`n aluit n`vbi tmct fciy lo tmb wbjjs

eb`in cggbg `i rbabit flitms wbrb gr`jjbg gur`in tmb pbr`lg lo m`nm r`n aluits. Wmb grlp `i r`n aluit w`jj

fci`obst `tsbjo `i stbbpbr prlguat`li gbaj`ibs `i outurb flitms cs GRA wbjjs crb wlrkbg lut lo tmb systbf.

O`nurb >. Bcnjb Olrg Xjcy l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjscggbg pbr flitm orlf 5880 tmrlunm Dujy 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

O`nurb > `ig`actbs tmct tl fc`itc`i prlguat`li ct tmb pbck rctb lo 3.? feg, 575 wbjjs fust eb gr`jjbg bcam

flitm (5,087 wbjjs bcam ybcr). Ct c alst lo $= f`jj`li pbr wbjj, tm`s ibabss`tctbs `ivbstfbit lo $51 e`jj`li

pbr ybcr, ilt `iajug`in lpbrct`in, jbcs`in cig ltmbr cia`jjcry alsts. Qtlr`bs lo ibnct`vb acsm ojlws w`tm`i

smcjb prlguabrs mcvb ebbi rcfpcit `i tmb fbg`c,7 bvbi ct fuam m`nmbr l`j pr`abs. Fciy t`nmt l`j prlguabrs,

gbpbig`in li tmb qucj`ty lo tmb`r jcig mljg`ins, aciilt erbck bvbi ct l`j pr`abs lo $28-$?8 pbr ecrrbj, mbiab

tmb prlspbat lo cttrcat`in tmb jbvbj lo `ivbstfbit ibbgbg tl fc`itc`i Bcnjb Olrg prlguat`li `s sj`f `igbbg,

uijbss l`j pr`abs r`sb suestcit`cjjy. Lpbrctlrs mcvb ebbi cejb tl alit`iub tl alfpjbtb cig/lr gr`jj ibw wbjjs

`i tmb Bcnjb Olrg tmciks `i jcrnb fbcsurb tl gbet, eut tmlsb gcys fcy eb ibcr`in ci big.2 

7 Ercgjby Ljsli, ‚R.Q. Qmcjb Gr`jjbrs Crb Grlwi`in `i Gbet,‖ Ejllfebrn , Qbptbfebr 3>, 5832; mttp4//www.ejllfebrn.alf/ibws/crt`ajbs/5832-80-

3>/ci-lkjcmlfc-lo-l`j-ct-r`sk-cs-gbet-smcakjbs-u-s-smcjb-gr`jjbrs.2 Qtbpmbi Ncigbj, ‚Orcakbrs alujg slli ocab fcss bxt`iat`li,‖ Olrtuib , Qbptbfebr 5?, 5832; mttp4//olrtuib.alf/5832/80/5?/orcakbrs-alujg-slli-

ocab-fcss-bxt`iat`li.

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Bcnjb Olrg Ubcj`ty Ambak =

O`nurb = `jjustrctbs tmb cvbrcnb prlguat`li pbr wbjj ey aluity. Cvbrcnb prlguat`li `s grlpp`in `i cjj aluit`bs,

wm`am `s tl eb bxpbatbg cs ibw wbjjs alfpr`sb c sfcjjbr cig sfcjjbr prlplrt`li lo tmb tltcj alfpjbfbit lo

prlgua`in wbjjs. C gbaj`ib `i tmb rctb lo cgg`t`li lo ibw prlgua`in wbjjs w`jj caabjbrctb tm`s trbig.

O`nurb =. Cvbrcnb prlguat`li lo Bcnjb Olrg wbjjs ey aluity orlf 5833 tmrlunm Dujy

5832.

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Bcnjb Olrg Ubcj`ty Ambak 0

5 Glf`iciab lo Qwbbt Qplts

Qwbbt splts‗alrb crbcs lo m`nm wbjj prlguat`v`ty‗prlguab flst lo tmb l`j, cs `ig`actbg ey tmb ocat tmct =3%

lo Bcnjb Olrg l`j `i Dujy 5832 wcs prlguabg orlf s`x lo 13 aluit`bs, cig 25% acfb orlf tmrbb aluit`bs.

O`nurb 0 `jjustrctbs tmb g`str`eut`li lo prlgua`in wbjjs `i tmb Bcnjb Olrg actbnlr`zbg ey wbjj qucj`ty, cs gbo`ibg

ey `i`t`cj l`j prlguat`li. Cs aci eb sbbi, tmb catucj crbc lo m`nmbst qucj`ty wbjjs alist`tutbs c sfcjj prlplrt`lilo tmb tltcj pjcy crbc cig, bvbi w`tm`i tmb tlp s`x aluit`bs, tmb crbc lo m`nmbst qucj`ty wbjjs `s lijy c plrt`li

lo tmb tltcj aluity crbc.

O`nurb 0. G`str`eut`li cig `i`t`cj l`j prlguat`li (m`nmbst flitm) lo wbjjs `i tmb Bcnjb Olrg

cs lo Duib 5837.

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Bcnjb Olrg Ubcj`ty Ambak 38

O`nurb 38 `jjustrctbs cvbrcnb typb wbjj gbaj`ib aurvbs ey aluity cig O`nurb 33 `jjustrctbs cvbrcnb l`j BRU

(bst`fctbg ujt`fctb rbalvbry). Wmb cvbrcnb wbjj gbaj`ibs >>% `i `ts o`rst tmrbb ybcrs cig ebtwbbi 71% cig

7=% lo c wbjj‐s ujt`fctb rbalvbry, cssuf`in c 52-ybcr j`ob, `s prlguabg `i tmb o`rst tmrbb ybcrs. N`vbi tmb

g`oobrbiab `i prlguat`li ebtwbbi tmb swbbt splts cig tmb rbst lo tmb pjcy, `t `s bcsy tl sbb wmy gr`jj`in mcs

ebbi olausbg li tmb ebst pcrts lo tmb tlp aluit`bs. @i tmb jlinbr tbrf, mlwbvbr, gr`jj`in w`jj mcvb tl flvb

`itl jlwbr qucj`ty pcrts lo tmb pjcy cs swbbt splts ebalfb scturctbg w`tm wbjjs. M`nmbr pr`abs w`jj eb rbqu`rbg

tl dust`oy tm`s.

O`nurb 38. Wypb wbjj gbaj`ib aurvbs ey aluity olr tmb Bcnjb Olrg Xjcy us`in gctc tl ybcr-

big 5837.

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Bcnjb Olrg Ubcj`ty Ambak 33

O`nurb 33. Bst`fctbg ujt`fctb l`j rbalvbry (BRU) lo cvbrcnb wbjjs ey aluity `i tmb Bcnjb

Olrg Xjcy.

Wm`s cvbrcnb rbojbats tmb aliabitrct`li lo rbabit wbjjs `i tmb ebst pcrts lo tmbsb aluit`bs.

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Bcnjb Olrg Ubcj`ty Ambak 35

1  Wbamiljlny @fprlvbfbit Fbbts Nbljlny

C fcdlr tmbfb `i `ivbstlr prbsbitct`lis `s tmct wbjjs crb nbtt`in bvbr flrb prlguat`vb tmrlunm tmb usb lo

jlinbr mlr`zlitcj jctbrcjs, flrb orcak`in stcnbs, cig jcrnbr vljufbs lo wctbr, ambf`acjs cig prlppcits `i tmb

orcak`in prlabss. O`nurb 35 `jjustrctbs tmb cvbrcnb prlguat`li rctb lvbr tmb o`rst s`x flitms olr ibw Bcnjb

Olrg wbjjs ey aluity orlf 5838 tmrlunm 5832. Cvbrcnb prlguat`v`ty olr tmb Bcnjb Olrg `iarbcsbg ey 5>%orlf 5835 tl 5832, tmrlunm eltm ebttbr tbamiljlny cig olaus`in gr`jj`in li swbbt splts. Mlwbvbr `i Kcribs

Aluity, wm`am mcs sl ocr ebbi tmb flst prlguat`vb, cvbrcnb wbjj prlguat`v`ty pbckbg `i 5831 cig mcs

gbaj`ibg ey 0% s`iab tmbi. ^bjj prlguat`v`ty gbaj`ibg `i Jcscjjb cig FaFujjbi aluit`bs `i 5832 cs wbjj.

@fprlvbg tbamiljlny cig olaus`in li tmb m`nmbst qucj`ty jlact`lis `s st`jj fck`in c g`oobrbiab `i ltmbr

aluit`bs, mlwbvbr `t `s lijy c fcttbr lo t`fb ebolrb wbjj prlguat`v`ty gbaj`ibs tmbrb cjsl cs gr`jj`in scturctbs

cvc`jcejb m`nm-qucj`ty jlact`lis.

O`nurb 35. Cvbrcnb prlguat`li rctb lo Bcnjb Olrg wbjjs ey aluity lvbr tmb o`rst s`x-

flitms lo prlguat`li orlf 5838 tmrlunm 5832.

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Bcnjb Olrg Ubcj`ty Ambak 31

Wmb oc`jurb lo tbamiljlny tl ellst cvbrcnb wbjj prlguat`v`ty `i Kcribs, Jcscjjb cig FaFujjbi aluit`bs, wm`am

aljjbat`vbjy caaluit olr 77% lo Bcnjb Olrg prlguat`li, `s gub tl4

-  ^bjj scturct`li `i swbbt splts acus`in `itbrobrbiab ebtwbbi wbjjs.

-  Bxmcust`li lo tmb ebst gr`jj`in jlact`lis `i swbbt splts, ibabss`tct`in gr`jj`in `i jlwbr-qucj`ty pcrts lo

tmbsb aluit`bs.

C ourtmbr alis`gbrct`li `s tmct cjtmlunm tmbsb `fprlvbg tbamiljln`bs mcvb cjjlwbg ci `ig`v`gucj wbjj tl grc`i

flrb lo tmb rbsbrvl`r ct m`nmbr prlguat`li rctbs, cig mbiab mcvb cjjlwbg tmb rbalvbrcejb l`j tl eb prlguabg

w`tm obwbr wbjjs, tmby w`jj ilt ibabsscr`jy `iarbcsb tmb ujt`fctb l`j rbalvbry lo tmb pjcy. ^bjjs w`tm

`itbrobrbiab w`jj cjjlw tmb l`j tl eb prlguabg ocstbr, eut ujt`fctbjy w`jj rbprbsbit m`nmbr acp`tcj alst `iputs

tmci ibabsscry tl rbalvbr tmb rbslurab.

Wmb Bcnjb Olrg Xjcy st`jj mcs bilunm gr`jj`in jlact`lis cvc`jcejb tl ibcrjy tr`pjb tmb iufebr lo prlgua`in wbjjs

tmct mcvb ebbi gr`jjbg tl gctb, eut tmbsb jlact`lis crb `iarbcs`injy `i pllrbr qucj`ty rlak. Wmus tmb gr`jj`in

rctb w`jj mcvb tl eb `iarbcsbg suestcit`cjjy cs wbjj prlguat`v`ty gbarbcsbs, `i lrgbr tl stbf tmb stbbp `itr`is`a

o`bjg gbaj`ib rctb. Wmbsb wbjjs w`jj cjsl rbqu`rb prlnrbss`vbjy m`nmbr l`j pr`abs tl eb balilf`a cs wbjj

prlguat`v`ty gbaj`ibs.

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Bcnjb Olrg Ubcj`ty Ambak 37

7 Outurb Lutjllk

O`nurb 31 `jjustrctbs m`stlr`acj prlguat`li cig tmb iufebr lo prlgua`in wbjjs lvbr t`fb, cs wbjj cs olrbacsts

lo outurb prlguat`li orlf tmb Bibrny Cgf`i`strct`li‐s (B@C) Ciiucj Bibrny Lutjllk 5832 (CBL5832)?, cig fy

‚Flst J`kbjy‖ olrbacst orlf Gr`jj`in Gbbpbr . Cjsl smlwi `s tmb iufebr lo ibw wbjjs rbqu`rbg tmrlunm 5853 `i

lrgbr tl fbbt tmb prlguat`li olrbacst orlf Gr`jj`in Gbbpbr , cig tmb B@C‐s m`stlr`acj prlguat`li gctc cigsmlrt-tbrf olrbacst orlf ̀ ts Gr`jj`in Xrlguat`v`ty Ubplrt olr Ilvbfebr 5832.> 

O`nurb 31. M`stlr`acj prlguat`li orlf tmb Bcnjb Olrg Xjcy us`in Gr`jj`in`iol cig B@C

Gr`jj`in Xrlguat`v`ty Ubplrt  (GXU) gctc.

Cjsl smlwi crb tmb ‚Flst J`kbjy‖ prlguat`li olrbacst cig iufebr lo wbjjs rbqu`rbg orlf Gr`jj`in Gbbpbr , cig

tmb prlguat`li olrbacst orlf tmb B@C CBL5832 rbobrbiab acsb. GXU gctc rbobrs tl tmb ‚Bcnjb Olrg Ubn`li‖

wm`am `iajugbs ili-Bcnjb Olrg prlguat`li.

Qlfb lesbrvct`lis4

-  Gr`jj`in rctbs mcvb grlppbg ebjlw tmlsb cssufbg `i tmb Gr`jj`in Gbbpbr olrbacst, mbiab prlguat`li ̀ s

aurrbitjy sj`nmtjy jlwbr tmci prldbatbg.

-  Wmbrb crb muigrbgs lo GRA wbjjs `i tmb pjcy, tmb alfpjbt`li lo wm`am w`jj f`t`nctb tmb ltmbrw`sb

stbbp gbaj`ib `i tmb rctb lo gr`jj`in ibw wbjjs `fpj`bg ey tmb grcst`acjjy rbguabg r`n aluit. Wm`s w`jj

sbrvb tl stbf prlguat`li gbaj`ib `i tmb pjcy cs c wmljb. Liab tmb GRA wbjjs crb wlrkbg loo, mlwbvbr,

prlguat`li w`jj ocjj tl tmb jbvbj ct wm`am ibw gr`jj`in aci loosbt tmb stct`a o`bjg gbaj`ib rctb.

? Bibrny @iolrfct`li Cgf`i`strct`li, Ciiucj Bibrny Lutjllk 5832  , Cpr`j 37, 5832; mttp4//www.b`c.nlv/olrbacsts/cbl.> Bibrny @iolrfct`li Cgf`i`strct`li, Gr`jj`in Xrlguat`v`ty Ubplrt , Ilvbfebr 0, 5832; mttp4//www.b`c.nlv/pbtrljbuf/gr`jj`in.

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Bcnjb Olrg Ubcj`ty Ambak 32

-  Wmb B@C CBL5832 rbobrbiab acsb olrbacst pcrcjjbjs tmb Gr`jj`in Gbbpbr  olrbacst vbry ajlsbjy lut tl

5852 (O`nurb 31 cig O`nurb 37), ct wm`am pl`it tmb 1>,888 jlact`lis cvc`jcejb w`jj mcvb ebbi gr`jjbg.

Ebylig 5852 prlguat`li w`jj ocjj ct tmb stct`a o`bjg gbaj`ib rctb. Wmb B@C, mlwbvbr, cssufbs c fuam

jlwbr rctb lo prlguat`li gbaj`ib ebylig 5852, cjtmlunm `t prlv`gbs il rct`licjb olr tm`s cig tmb

nbljln`acj ouigcfbitcjs gl ilt supplrt `t.

-  Wmb ‚Flst J`kbjy‖ olrbacst orlf Gr`jj`in Gbbpbr  jllks sj`nmtjy lpt`f`st`a `i tmb ibcr tbrf, cs gr`jj`in

rctbs mcvb ocjjbi ebjlw cssufbg jbvbjs gub tl jlw l`j pr`abs. Wmb Gr`jj`in Gbbpbr  olrbacst cssufbstmct ci cgg`t`licj 51,888 prlgua`in wbjjs aci eb cggbg tl tmb 37,888 cjrbcgy gr`jjbg ey 5852.

Jlwbr gr`jj`in rctbs w`jj rbguab prlguat`li jbvbjs cig bxtbig gr`jj`in ebylig 5852, cjtmlunm tmb

ujt`fctb rbalvbry w`jj ilt amcinb.

O`nurb 37. Alfpcr`sli lo ‚Flst J`kbjy‖ Gr`jj`in Gbbpbr olrbacst olr tmb Bcnjb Olrg

Xjcy tl olrbacsts ey tmb B@C `i `ts CBL5837 cig CBL5832.

Cjsl smlwi `s tmb iufebr lo wbjjs rbqu`rbg tl fbbt tmb ‚Flst J`kbjy‖ Gr`jj`in Gbbpbr  olrbacst.

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Bcnjb Olrg Ubcj`ty Ambak 3?

2 Quffcry cig @fpj`act`lis

Bcnjb Olrg prlguat`li `s ocjj`in, wm`am `s c rbsujt lo tmb gbaj`ib `i tmb rctb lo wbjj alfpjbt`lis tl jbvbjs

`isuoo`a`bit tl loosbt tmb stct`a 52% ybcrjy gbaj`ib rctb lo tmb pjcy (5,088 wbjj alfpjbt`lis pbr ybcr crb

rbqu`rbg tl fc`itc`i prlguat`li ct tmb pbck jbvbj lo 3.? feg). Wmb njlry gcys lo tmb Bcnjb Olrg crb ebm`ig `t,

ct tmb r`pb ljg cnb lo s`x ybcrs.

Wmb r`n aluit mcs grlppbg ey ?>% s`iab Dujy 5837, cig `s pcrcjjbjbg ey c ?2% grlp `i wbjj alfpjbt`lis lvbr

tmb scfb pbr`lg. Wmb aurrbit rctb lo wbjj alfpjbt`lis `s ocr ebjlw tmct ibabsscry tl loosbt stct`a o`bjg gbaj`ib

mbiab c alit`iubg stbbp grlp `i prlguat`li aci eb bxpbatbg. Wmbrb crb sbvbrcj muigrbg gr`jjbg eut

uialfpjbtbg (GRA) wbjjs `i tmb pjcy wm`am alujg sjlw tmb prlguat`li gbaj`ib smlujg pr`abs nl m`nmbr, bvbi `o

tmb r`n aluit glbs ilt rbalvbr.

^bjj prlguat`v`ty nc`is gub tl ebttbr tbamiljlny mcvb stlppbg cig crb gbaj`i`in `i tmrbb lo tmb s`x tlp

aluit`bs, wm`am caaluit olr 77% lo tmb pjcy‐s prlguat`li. Wm`s `s c mcre`inbr lo wmct w`jj mcppbi `i cjj

aluit`bs cs m`nm qucj`ty gr`jj`in jlact`lis crb usbg up. ^bjj prlguat`v`ty `s grlpp`in gub tl eltm bxmcust`li lo

tmb m`nmbst qucj`ty gr`jj`in jlact`lis cig wbjj `itbrobrbiab orlf spca`in wbjjs tll ajlsb tlnbtmbr.

Wmb lesbrvct`li tmct ibw wbjj qucj`ty `s gbaj`i`in `i tlp aluit`bs, gbsp`tb bvbry `iabit`vb tl fcx`f`zb`ig`v`gucj wbjj prlguat`li, `s kby. Xuig`ts suam cs Flri`instcr, wm`jb ebcr`sm li tmb smlrt tbrf, crb

aliv`iabg tmct r`n aluits cig prlguat`li w`jj r`sb grcfct`acjjy ct pr`abs lo $?8-$>8 pbr ecrrbj.= Wmby f`ss

tmb pl`it tmct tmb ebst qucj`ty pcrts lo tmb pjcy crb eb`in bxpjl`tbg ilw, cig tmct jlwbr qucj`ty nbljlny nl`in

olrwcrg w`jj g`atctb jlwbr wbjj prlguat`v`t`bs, w`tm wlrsb balilf`as, wm`am w`jj rbqu`rb m`nmbr pr`abs tl dust`oy

gr`jj`in. Wmus bvbi tl fc`itc`i tmb pbck rctb lo 3.? feg, tmb gr`jj`in rctb wlujg mcvb tl `iarbcsb orlf tmb

5,088 wbjjs pbr ybcr aurrbitjy rbqu`rbg (ibbg`in $51 e`jj`li pbr ybcr lo acp`tcj `iput bxajus`vb lo jbcs`in cig

ltmbr cia`jjcry alsts). Wl suestcit`cjjy `iarbcsb prlguat`li celvb tmb Fcram pbck wlujg rbqu`rb c rbturi tl

r`n aluit jbvbjs lo tr`pjb aurrbit rctbs lr m`nmbr, wm`am wlujg caabjbrctb tmb alisufpt`li lo tmb o`i`tb iufebr

lo rbfc`i`in gr`jj`in jlact`lis. Cs iltbg `i Gr`jj`in Gbbpbr , m`nm gr`jj`in rctbs sbrvb tl rbalvbr tmb rbslurab

sllibr, eut gl ilt rbsujt `i c s`ni`o`acitjy m`nmbr ujt`fctb rbalvbry.

Eltm tmb Gr`jj`in Gbbpbr  cig B@C CBL5832 olrbacsts olr Bcnjb Olrg prlguat`li crb j`kbjy tll m`nm `i tmb smlrttbrf n`vbi tmb grcst`a grlp `i tmb rctb lo wbjj alfpjbt`lis. Jlwbr wbjj alfpjbt`li rctbs ilw, mlwbvbr, w`jj

scvb gr`jj`in jlact`lis olr jctbr, wm`am w`jj sbrvb tl bxtbig gr`jj`in `i tmb o`bjg ebylig 5852 wmbi tmb 1>,888

gr`jj`in jlact`lis `i tmb pjcy wbrb olrbacst tl eb bxmcustbg. Wmb B@C‐s cssufpt`li tmct prlguat`li aci

alit`iub ct rbjct`vbjy m`nm jbvbjs cotbr gr`jj`in jlact`lis crb bxmcustbg cig bx`t 5878 ct 8.? feg `s m`nmjy

lpt`f`st`a, mlwbvbr, cig `s uisuestcit`ctbg ey tmb gctc.

Wmb mypb surrluig`in t`nmt l`j cs c fbcis tl eljstbr njlecj l`j prlguat`li lvbr tmb jlin tbrf `s ilt dust`o`bg.

Nbljln`acj ouigcfbitcjs ajbcrjy smlw tmct m`nm gbaj`ib rctbs, j`f`tbg swbbt splts, cig o`i`tb iufebrs lo

gr`jj`in jlact`lis w`jj j`f`t jlin tbrf alitr`eut`lis tl prlguat`li. Wmb Bcnjb Olrg cig Eckkbi pjcys mcvb

pbckbg cotbr lijy c obw ybcrs, cig cjtmlunm tmby mcvb fcgb c s`ni`o`acit smlrt tbrf `fpcat, tmb`r ebst gcys

crb ebm`ig tmbf. Wmb Eckkbi cig Bcnjb Olrg crb ui`qub `i tmct tmby wbrb gbvbjlpbg orlf sarctam, wmbrbcs

ltmbr pjcys `i tmb Xbrf`ci Ecs`i, I`lercrc cig bjsbwmbrb crb rbgbvbjlpfbits lo ljg pjcys (wm`am mcvb ebbi

prlgua`in olr gbacgbs) w`tm ibw tbamiljlny. Wmb lpt`f`st`a t`nmt l`j olrbacsts lo tmb B@C,0 cig bvbi flrblpt`f`st`a olrbacsts lo slfb `igustry wctambrs,38 crb uimbjpouj cestrcat`lis `i gbvbjlp`in bibrny plj`ay olr c

flrb sustc`icejb outurb.

= Qtbpmbi Q`fkl, ‚RQ L`j Xrlguat`li Ocjj ^`jj eb ^lrsb tmci Fcrkbts Bxpbat,‖ Flri`instcr , Qbptbfebr 57, 5832;

mttp4//www.flri`instcr.al.uk/uk/ibws/37577>/us-l`j-prlguat l̀i-ocjj-w`jj-eb-wlrsb-tmci-fcrkbts-bxpbat.cspx.0 Gcv`g Munmbs, 5832, ‚W`nmt L`j Ubcj`ty Ambak‖, Xlst Acreli @ist`tutb, mttp4//www.plstacreli.lrn/wp-alitbit/upjlcgs/5832/80/Munmbs\W`nmt-L j̀-

Ubcj`ty-Ambak.pgo.38 X@UC, Ilvbfebr 5832, t`nmt l`j prlguat`li vbrsus pr`ab, sj`gb 5=, mttp4//pmx.alrplrctb-

`r.ibt/Bxtbricj.O`jb<`tbf6RNOyT^28QRS0IdCyFdS3oBIlc^xkQRS0FzByIzSzoOU2aNR0FS66&t63.

7/23/2019 Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices

http://slidepdf.com/reader/full/eagle-ford-reality-check-the-nations-top-tight-oil-play-after-more-than 21/24

Bcnjb Olrg Ubcj`ty Ambak 3>

? Cppbig`x4 ^bjj Cgg`t`li Uctb _brsus Xrlguat`li

Amcinb cig Wltcj Xrlguat`li ey Aluity

Wmb oljjlw`in amcrts prlv`gb aluity-jbvbj gbtc`j li rctbs lo wbjj alfpjbt`lis cig prlguat`li amcinb olr tmbtlp s`x aluit`bs cs wbjj cs tmb nrlup lo ltmbr aluit`bs tmct fckb up tmb Bcnjb Olrg Xjcy. Cjsl iltbg crb tmb

iufebr lo ibw wbjjs tmct ibbg tl eb cggbg bcam flitm tl loosbt tmb stct`a o`bjg gbaj`ib `i bcam aluity.

O`nurb 32. Gbw`tt Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs

cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

7/23/2019 Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices

http://slidepdf.com/reader/full/eagle-ford-reality-check-the-nations-top-tight-oil-play-after-more-than 22/24

Bcnjb Olrg Ubcj`ty Ambak 3=

O`nurb 3?. G`ff`t Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs

cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

O`nurb 3>. Nlizcjbs Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in

wbjjs cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

7/23/2019 Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices

http://slidepdf.com/reader/full/eagle-ford-reality-check-the-nations-top-tight-oil-play-after-more-than 23/24

Bcnjb Olrg Ubcj`ty Ambak 30

O`nurb 3=. Kcribs Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs

cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

O`nurb 30. Jcscjjb Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in wbjjs

cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

7/23/2019 Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices

http://slidepdf.com/reader/full/eagle-ford-reality-check-the-nations-top-tight-oil-play-after-more-than 24/24

O`nurb 58. FaFujjbi Aluity l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in

wbjjs cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.

O`nurb 53. Ltmbr 52 aluit`bs l`j prlguat`li amcinb pbr flitm vbrsus ibw prlgua`in

wbjjs cggbg pbr flitm orlf 5838 tmrlunm Dujy, 5832.

C tmrbb-flitm trc`j`in flv`in cvbrcnb mcs ebbi o`ttbg tl tmb gctc.