Monday, April 20, 2009

St. Mary Land: Update

St. Mary Land & Exploration presented at the IPAA Oil and Gas Symposium today and gave an update of its Haynesville Shale progress. As background on St. Mary, the company is involved in most North American gas plays and has about 50,000 net acres in the Haynesville Play, mostly in Texas.

The company only operates one rig in the play, so there's not a ton of news to report. St. Mary's first well, Johnson Trust 1-2H was apparently damaged during the drilling process and only yielded a 4.1 Mmcfe/day initial production. The company is currently drilling a second vertical test well in Texas.

The map below shows St. Mary's acreage relative to that of competitors and notes some of the important wells in the area, including locations of its own.

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