Tuesday, February 10, 2009

Forest Oil's First Haynesville Well

Forest Oil, which has 140,000 acres in the Haynesville Play under lease, today announced completion of it's first horizontal Haynesville well. The Moseley 14 – 1H, located in Red River Parish, Louisiana, produced into the sales line at a rate of 14 MMcfe/d with 6,500 psi flowing casing pressure while still cleaning up frac load. That's quite respectable. Some of Petrohawk's gushers have it beat, but 14 MMcfe/day is pretty darn good.

Forest operates two drill rigs in the Haynesville Play and intends to drill between 10 and 12 wells in 2009. The company completed 14 vertical wells in 2008 to gather information for its horizontal drilling program.

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