Friday, October 30, 2009

Noble Energy: Introduction

Noble Energy is a relatively small player in the Haynesville Shale, with 17,000 gross acres, but it has a big presence on the international stage, with many of its projects located offshore. The company recently reported its first successful Haynesville horizontal well, the Mary Harris #1 in southwest Shelby Co. Texas, which IP'd at 12.6 MMcf/day. Its second well should report before the end of the year.

Noble has leases in the Caspiana Field of Louisiana, where it is a minority partner) and in Texas, where it is a 60% partner with Petrohawk (although Petrohawk is the operator on the first four wells - is Petrohawk teaching Noble how to drill shale???). The map below shows the location of Noble's acreage.

The company is participating in two rigs, one each in Louisiana and Texas. Once Noble has the chance to sift through the data on its first few Haynesville completions, it will assess its level of capital commitment to the play.

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