Tuesday, August 12, 2008

Second Petrohawk Well

New verse, same as the first.

There was a good recap of Petrohawk's recent operating activities in Oil Voice last week. Among the very interesting pieces of information relative to the Haynesville Shale was the report of results from the company's second well in the play, the Hutchinson 9-5, which came in as promising as Petrohawk's first Haynesville well. Quoting Oil Voice:

The well is "located in Section 9 / Township 15 North / Range 12 West, Caddo Parish, Louisiana. The well was completed on July 29 and tested at a rate of 16.7 Mmcfe/d on a 22/64" choke with 7,325 pounds per square inch of flowing casing pressure. Pilot hole data revealed approximately 151 feet of net Haynesville Shale at a true vertical depth of 11,222 feet. The well was completed with a nine stage fracture stimulation, including approximately 2.5 million pounds of sand."

Note the flow rate of 16.7 Mmcfe/day, which is about the same as the initial flow of the company's first well, Elm Grove Plantation #63. After a month of production, the flow rate at EGP has decreased to 13.7 Mmcfe/day, which isn't bad. The results from the well indicate that there may be approximately 170 Bcf of gas in place in the section in which it was drilled.

While I've noted a few things that interest me, there is much more in the article, which is a pretty good read.

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