Friday, July 18, 2014

Slim Haynesville Activity in Texas in Past Couple of Weeks

There were no new Haynesville Shale permits filed in Texas over the past couple of weeks, and only one completion in that same period (7/7 - 7/17):

  • Minutemen DU #1H, XTO Energy: 11.321 MMcf/day IP, 18/64" choke, 7,179 psi; Perfs: 12,580-20,133, length: 7,553 ft.; Carthage Field (Haynesville Shale), Shelby Co., Survey: BOUNDS, TW, A-1186

Only One New Louisiana Completion in Past Two Weeks

  • Hunt Plywood 6 H #2-ALT, Petrohawk Operating: 9.835 MMcf/day IP on 16/64 in. choke at 7,393 psi; Perfs: 12,219-16,718, length: 4,499 ft.; Caspiana Field, DeSoto Parish, S36/T15/R13; res. A, serial #245581 
I missed this one a few weeks ago:
  • Lucky Family 17-20 HC #2-ALT, Encana Corp.: 23.089 MMcf/day IP on 27/64 in. choke at 7,192 psi; Perfs: 11,137-18,334, length: 7,197 ft.; Sligo Field, Bossier Parish, S17/T17/R12; res. D, serial #246971

U.S. Rig Count: -4 to 1,871

The Baker Hughes U.S. rig count was down four this week to 1,871.


Oil rigs were down nine to 1,554, gas rigs were up four to 315 and miscellaneous rigs were up one to two.  By type, horizontal rigs were up 12 to 1,288, vertical rigs were down 11 to 366 and directional rigs were down five to 217.  Among gas rigs, horizontal rigs were unchanged at 230, directional rigs were unchanged at 64 and vertical rigs were up four to 21.

Thursday, July 17, 2014

EIA: Gas in Storage +107 Bcf to 2.129

Another week, another big storage increase.  The EIA reported this morning that working gas in storage was up 107 Bcf to 2.129 Tcf.  The weekly injection was 73% greater than last year (+62 Bcf) and 65% above the five year average (+65 Bcf).


The current storage level is now 22.2% below last year (2.737 Tcf, a difference of 608 Bcf) and 25.5% below the five year average (2.856 Tcf, a difference of 727 Tcf).  As shown below, the 2014 deviation from the five year average is becoming a mirror image of 2012 when storage levels blossomed before returning to more normal levels later in the year.  While the current storage level is still nearly 3/4 of a Tcf below the five year average, higher than normal storage injections for the past three months have steadily chipped away at that deviation.

Monday, July 14, 2014

Haynesville Shale Rig Count: +1 to 26

The Haynesville Shale rig count was up one last week to 26.  Texas held at eight (EXCO down one, Goodrich up one) and Louisiana was up one (EXCO up one).  In Texas, we saw the first new rig in Angelina County since February 2012 (actually is started drilling a several weeks ago, but I missed it).

Friday, July 11, 2014

U.S. Rig Count: +1 to 1,875

The Baker Hughes U.S. rig count was up one this week to 1,875.  Oil rigs were up one to 1,563, while gas and miscellaneous rigs held at 31 and one, respectively.  By type, horizontal rigs were up eight to 1,276 (an all time high, although not a big record to break since it was set only last week, and the week before...), vertical rigs were down seven to 377 and directional rigs were unchanged at 222.  Among gas rigs, horizontal rigs were up one to 230, directional rigs were up one to 64 and vertical rigs were down two to 17.

Thursday, July 10, 2014

EIA: Gas in Storage +93 Bcf to 2.022 Tcf

The EIA reported this morning that working gas in storage was up 93 Bcf to 2.022 Tcf.  The weekly injection was 16% greater than last year (+80 Bcf) and 29% above the five year average (+72 Bcf).  The current storage level is now 24.4% below last year (2.675 Tcf, a difference of 653 Bcf) and 27.6% below the five year average (2.791 Tcf, a difference of 769 Tcf).


Monday, July 7, 2014

Four Weeks of Louisiana Completions

(OK, I got behind while on vacation, catching up from being on vacation, etc., etc.  With this post, I'm now caught up and free to fall behind again.)

  • CPS Timberlands 33 #1-ALT, EXCO Operating: 12.84 MMcf/day IP on 20/64 in. choke at 7,164 psi; Perfs: 12,642-17,271, length: 4,629 ft.; Caspiana Field, DeSoto Parish, S28/T14/R12; res. A, serial #246842 
  • Yarbrough Et. Al 18-7 H #1, Anadarko: 1.316 MMcf/day IP on 24/64 in. choke at 810 psi; Perfs: 10,084-16,504, length: 6,420 ft.; Caddo Pine Island Field, Caddo Parish, S18/T20/R14; res. A, serial #246105 

New Texas Completions

6/11/14 - 7/6/14:
  • Duke Rudman Gas Unit #A1H, XTO Energy: 8.549 MMcf/day IP, 16/64" choke, 5,444 psi; Perfs: 11,273-15,660, length: 4,387 ft.; Carthage Field (Haynesville Shale), Panola Co., Survey: SPENCER, WM, A-617 
  • Duke Rudman Gas Unit #M1H, XTO Energy: 6.699 MMcf/day IP, 15/64" choke, 5,134 psi; Perfs: 11,288-15,900, length: 4,612 ft.; Carthage Field (Haynesville Shale), Panola Co., Survey: WILLIAMS, E, A-736 

Haynesville Shale Rig Count Unchanged at 25

Over the past two weeks, the Haynesville Shale rig count has held steady at 25, with neither Louisiana (17) nor Texas (8) budging.


New Texas Permits (Including One From Long-Lost Goodrich)

6/11/14 - 7/6/14:
  • CGU 25-26 #72HH, Anadarko E&P; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: O'BANNON, G, A-519 
  • CGU 25-26 #73HH, Anadarko E&P; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: O'BANNON, G, A-519 

Thursday, July 3, 2014

U.S. Rig Count: +1 to 1,874

The Baker Hughes U.S. rig count was up one rig this week to 1,874.  Oil rigs were up four to 1,562, gas rigs were down two to 311 and miscellaneous rigs were unchanged at one.  By type, horizontal rigs were up five to 1,268, vertical rigs were up three to 384 and directional rigs were down seven to 222.  Among gas rigs, horizontal rigs were unchanged at 229, directional rigs were up one to 63 and vertical rigs were down four to 19.

EIA: Gas in Storage +100 Bcf to 1.929 Tcf

The EIA announced this morning that working gas in storage was up 100 Bcf to 1.929 Tcf.  The weekly injection was 32% greater than last year (+76 Bcf) and 47% above the five year average (+68 Bcf).  The current storage level is now 25.7% below last year (2.595 Tcf, a difference of 666 Bcf) and 29.1% below the five year average (2.719 Tcf, a difference of 790 Bcf).


Temperatures last week in the Lower 48 averaged 73.7 degrees, which was 1.1 degrees warmer than last year and 1.1 degrees cooler than average.

Friday, June 27, 2014

U.S. Rig Count: +15 to 1,873

The Baker Hughes U.S. rig count was up 15 this week to 1,873.  Oil rigs were up 13 to 1,558, gas rigs were up three to 314 and miscellaneous rigs were down one to one.  By type, horizontal rigs were up 13 to 1,263, vertical rigs were up one to 381 and directional rigs were up one to 229.  Among gas rigs, horizontal rigs were up two to 229, directional rigs were up one to 62 and vertical rigs were unchanged at 23.

Thursday, June 26, 2014

EIA: Storage +110 Bcf to 1.829 Tcf

The EIA reported another healthy increase in working gas in storage, which was up 110 Bcf to 1.829 Tcf.  The weekly injection was 17% higher than last year (+94 Bcf) and 36% above the five year average (+81 Bcf).  The current storage level is now 27.4% below last year (2.519 Tcf, a difference of 690 Bcf) and 31.0% below the five year average (2.651 Tcf, a difference of 822 Bcf).


Temperatures in the lower 48 averaged 72.0 degrees, which was 0.6 degrees warmer than last year and 1.1 degrees warmer than average.

Tuesday, June 24, 2014

Haynesville Shale Rig Count: -1 to 25 vs. Two Weeks Ago

Over the past two weeks, the Haynesville Shale rig count dropped by one to 25.  Louisiana held at 17, while Texas lost one (Valence) to end at eight.


Friday, June 20, 2014

U.S. Rig Count: +4 to 1,858

The Baker Hughes U.S. rig count was up four this week to 1,858.  Oil rigs were up three to 1,545, gas rigs were up one to 311 and miscellaneous rigs were unchanged at two.  By type, horizontal rigs were up two to 1,250, vertical rigs were down eight to 380 and directional rigs were up ten to 228.

Thursday, June 19, 2014

EIA: Gas in Storage +113 Bcf to 1.719 Tcf

The big storage injections continued this week as the EIA reported that working gas in storage was up 113 Bcf to 1.719 Tcf.  This week's injection was 23% above last year (+92 Bcf) and 30% greater than the five year average (+87 Bcf).  The current storage level is now 29.1% below last year (2.425 Tcf, a difference of 706 Bcf) and 33.1% below the five year average (2.57 Tcf, a difference of 851 Bcf).


Friday, June 13, 2014

U.S. Rig Count: -6 to 1,854; Gas rigs: -10

The Baker Hughes U.S. rig count was down six rigs this week to 1,854.  Oil rigs were up six to 1,542, gas rigs were down 10 to 310 and miscellaneous rigs were down two to two.  By type, horizontal rigs were down two to 1,248, vertical rigs were down one to 388 and directional rigs were down three to 218.  Among gas rigs, horizontal rigs were down eight to 229, directional rigs were down one to 55 and vertical rigs were down one to 26.

Thursday, June 12, 2014

EIA: Storage +107 Bcf to 1.606 Tcf

The EIA reported this morning that working gas in storage was up 107 Bcf to 1.606 Tcf this week.  The injection was 10% greater than last year (+97 Bcf) and 22% above the five year average (+88 Bcf).  The current storage level is now 31.2% below last year (2.333 Tcf, a difference of 727 Bcf) and 35.3% below the five year average (2.483 Tcf, a difference of 877 Bcf).


Wednesday, June 11, 2014

New Texas Completions

5/9/14 - 6/10/14:
  • Harris-Munden GU #12H, Sabine Oil & Gas: 6.569 MMcf/day IP, 20/64" choke, 5,415 psi; Perfs: 11,334-15,150, length: 3,816 ft.; Carthage Field (Haynesville Shale), Harrison Co., Survey: LINDSEY, P, A-389 
  • Harris-Munden GU #11H, Sabine Oil & Gas: 7.886 MMcf/day IP, 20/64" choke, 6,015 psi; Perfs: 11,287-15,219, length: 3,932 ft.; Carthage Field (Haynesville Shale), Harrison Co., Survey: LINDSEY, P, A-390 

New Texas Permits

5/10/14 - 6/10/14:
  • CGU 18-21-22 #71HH, Anadarko E&P; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: LIDDY, W, A-398 
  • W.L. Liston #9H, XTO Energy; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: ROBERTS, H, A-562 

Two Weeks of Louisiana Completions (Through Last Week)

  • Tigre Plantatn LLC 31 H #3-ALT, Petrohawk Operating: 9.218 MMcf/day IP on 16/64 in. choke at 6,921 psi; Perfs: 12,464-16,864, length: 4,400 ft.; Thorn Lake Field, Caddo Parish, S31/T15/R11; res. A, serial #246546 
  • Tigre Plantatn LLC 31 H #2-ALT, Petrohawk Operating: 8.573 MMcf/day IP on 16/64 in. choke at 6,917 psi; Perfs: 12,280-16,834, length: 4,554 ft.; Thorn Lake Field, Caddo Parish, S31/T15/R11; res. A, serial #246537 

Monday, June 9, 2014

Haynesville Shale Rig Count: +1 to 26

The Haynesville Shale rig count was up one this week to 26.  Louisiana was up one (Chesapeake) to 17, while Texas held at nine.


Friday, June 6, 2014

U.S. Rig Count: -6 to 1,860

The Baker Hughes U.S. rig count was down six this week to 1,860.  All of the change was attributable to gas rigs, which were down six to 320.  By type, horizontal rigs were down one to 1,250, vertical rigs were down 14 to 389 and directional rigs were up nine to 221.  Among gas rigs, horizontal rigs were down two to 237, directional rigs were down four to 56 and vertical rigs held at 27.