Friday, February 13, 2009

Questar Reports New Wells

Questar E&P, which leases only 31,000 acres in the Haynesville Play, appears to have tied up some pretty good leases (see maps and slides below). On its fourth quarter conference call, management discussed two wells specifically (both located on the Bienville/Red River Parish line):

  • Golson 32H - Questar's third Haynesville well; initial production at 23 MMcfe/day, average production at 18 MMcfe/day; average flowing casing pressure of 6400 PSI

  • Shelby 31H - Recently turned to sales; initial production at 20 MMcfe/day with high flowing pressure

A third well (the company's fifth Haynesville well) is about to be completed and three more are being drilled at this time. The slides below have some information about Questar's leasehold in NW Louisiana and some of the ongoing Haynesville wells in the vicinity of its leasehold. Good stuff!

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