Monday, July 13, 2009

Forest Oil: Second Haynesville Well

Forest Oil released impressive results from its second Haynesville well, the Driver 13-1H in Red River Parish. The well produced at 20.3 MMcf per day with 6500 psi flowing casing pressure. The well has a 3,500 foot horizontal leg and ten frac stages. The total investment was $9.0 million.

Forest has two rigs well working its 11,050 acres, one of which is dedicated to Red River Parish. Since the company has identified 110 potential horizontal well sites on its acreage, it is likely that the company will add more rigs, but that's not likely during 2009.

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