Tuesday, November 29, 2011

Oil Rumor List Pared Back

It's been a while since I've updated the Texas oil rumor list, so I took a crack at it this afternoon.  The list is my attempt to aggregate wells subject to rumors that the operator might be drilling for an oil target below the Haynesville Shale.  Various parties feel passionately conflicted on the subject.  I am neutral, but I find it interesting nevertheless.

Since I last updated the list in July, there have been 11 completions of rumored wells.  But...all of the wells in question were completed at vertical depths above the Haynesville Shale, so I removed them from the list.  I also removed a couple of others with similar characteristics.  What is left is a handful of wells that are still suspicious.  I think the majority are one day to fall of the list, but I'll reserve judgement until I have more concrete evidence.  The pared back list is under the "Oil Rumor" tab at the top of the page.

New Texas Permits

11/18/11 - 11/28/11:

  • Thomas Oliver Unit #2H, EOG Resources; Carthage Field (Haynesville Shale), Nacogdoches Co. Co., Survey: DE TORRES, P, A-55
  • George Unit #1H, EOG Resources; Carthage Field (Haynesville Shale), Nacogdoches Co. Co., Survey: CHIRINO, JA, A-17
  • New Horizons #P 1H, XTO Energy; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: KNOLL, P , A-375

New Texas Completions

11/18/2011 - 11/28/2011:
I'm glad I didn't rush home from my Thanksgiving trip to publish this batch of unimpressive completions, all of which are vertical completions.

  • Risinger P GU #1, Southwestern Energy: .211 MMcf/day IP, 20/64" choke, 990 psi; Perfs: 12,154-12,549, length: 395 ft.; Carthage Field (Haynesville Shale), Shelby Co., Survey: ROWE, J , A-585
  • Wynn Trust H #1, Southwestern Energy: .41 MMcf/day IP, 18/64" choke, 990 psi; Perfs: 12,220-12,669, length: 449 ft.; Carthage Field (Haynesville Shale), Shelby Co., Survey: ROWE, J , A-585

New Louisiana Completions From Last Week

I'll update the spreadsheets and maps after posting another new batch of completions later this week.

  • Sustainable For 14 H #1, Petrohawk Operating: 4.656 MMcf/day IP on 14/64 in. choke at 6,380 psi; Perfs: 10,720-15,355, length: 4,635 ft.; Lake Bistineau Field, Bienville Parish, S11/T16/R10; res. A, serial #241639
  • Schmidt 5-16-10 H #1, Chesapeake Operating: 8.52 MMcf/day IP on 22/64 in. choke at 5,353 psi; Perfs: 11,704-16,927, length: 5,223 ft.; Elm Grove Field, Bossier Parish, S4/T16/R10; res. A, serial #243431

Saturday, November 26, 2011

Haynesville Shale Rig Count: -2 to 102

The weekly Haynesville Shale rig count dropped by two to 102.  Louisiana decreased by five to 70, while Texas increased by three to 32.

U.S. Rig Count: -1 to 2,000

The weekly Baker Hughes U.S. rig count showed a one rig decrease to 2,000.  Oil rigs were up five to 1,030, gas rigs were down six to 865 and miscellaneous rigs held at five.  By type, horizontal rigs were up eight to 1,155, vertical rigs were down nine to 632 and directional rigs held at 213.

Wednesday, November 23, 2011

EIA: Storage +9 Bcf to 3.852 Tcf

Thw weekly EIA working gas in storage report showed a 9 Bcf increase from last week's revised level to 3.852 Tcf. The level is only 2 Bcf above the pre-revised level reported last week. The weekly injection was 16 Bcf higher than both last year and the five year average (both a net withdrawal of 7 Bcf).  The current level is 23 Bcf higher than last year and 233 Bcf higher than the five year average.

KKR + $7.2 Billion = Samson Resources

Private equity company KKR announced today that it is leading a group that has struck a deal to acquire the majority of Samson Resources' assets for $7.2 billion. Only Samson's Gulf Coast and Gulf of Mexico properties were excluded from the deal because they would be more attractive to larger producers than a PE company. The transaction does include Samson'S Haynesville Shale properties.

Saturday, November 19, 2011

Happy Thanksgiving!

I wanted to wish everyone a terrific Thanksgiving.  I'll be traveling this week, so this space will be relatively silent until next weekend.

Each year at Thanksgiving, I try to reflect on the things for which I am thankful.  But it always seems to come back to the people, not things, that I truly value.  Nobody gets to be who or what they are without the support and influence of the those around them.

And while I'm giving thanks, I want to thank all the folks who read this site, especially those who offer their thoughts (and occasional criticism).  I created this site for myself, but I am glad that so many others find the information helpful. Happy Thanksgiving to you all!

Haynesville Shale Rig Count: -3 to 105

The weekly Haynesville Shale rig count dropped by three this week to 105.  The count was up one in Louisiana to 76 but down four in Texas to 29.

XTO to Start Drilling in Morehouse Parish

For fans of the Smackover Brown Dense in Louisiana, look for the XTO well ExxonMobil 2H #1 to start drilling in Morehouse Parish at the beginning of this week with a total permitted depth of 13,000 feet.

Friday, November 18, 2011

U.S. Rig Count: -15 to 2,001

The Baker Hughes U.S. rig count declined by 15 rigs to 2,001 this week.  Oil rigs were down eight to 1,125, gas rigs were down six to 871 and miscellaneous rigs were down one to five.  By type, horizontal rigs were down five to 1,147, vertical rigs were up eight to 641 and directional rigs were down 18 to 213.

Thursday, November 17, 2011

EXCO Releases 2012 Capital Budget

Today, EXCO Resources announced its 2012 capital budget.  The company will spend $710 million on capital projects, $585 of which will be devoted to well drilling and completion.  Of that $585 million, 79%, or $460 million, will be devoted to the Haynesville Shale.  The 2012 capex budget should cover 98 gross Haynesville operated wells (30.3 net), a small net number of non-operated wells and some completions activity related to 2011 drilling.

Next year, the company will run 13 rigs in the Haynesville Play, a decrease from the 18 to 20 rigs it ran in 2011.  EXCO will devote eight of the rigs to the Holly Field in DeSoto and Caddo Parishes and focus on concentrated development using multi-well pads on an 80 acre spacing basis.  The remaining five rigs will drill in the Shelby Trough area of Nacogdoches, San Augustine and Shelby Counties, where the company is still delineating acreage and testing well spacing.  HBP activity should be completed in 2012.

QEP Details Capital Spending

QEP Resources held its analyst day on Monday and provided details about 2012 and the company's strategy (presentation for southern region, Haynesville starts on page 15).  As indicated last month, the company will see a "significant Haynesville capex (capital expenditure) reduction until gas prices improve.  As with nearly every other domestic producer, QEP will focus on oil and liquids in the near future.  The company expects liquids to rise from 11% of the company's production in 2010 to 20% in 2012.

In the past two years, QEP has budgeted $410 million for capital spending in the Haynesville. In 2012, that figure will drop to $290 million.

Management also spent time explaining Haynesville well economics.  QEP is seeing well costs come down to an average of $9.1 million.  The company is still quite high on the restricted choke technique in which initial production rates are limited to help boost ultimate recoveries.

QEP is booking estimated ultimate recoveries at 6.1 Bcf and with the restricted choke technique is seeing initial decline rates of around 50%, which is considerably better than the 80% companies were seeing in past years.

Bottom line is that the Haynesville represents a very big gas play for QEP, but now that it is no longer trying to hold leases in Louisiana the company is patient enough to let it ride with a lesser capital investment until gas prices improve.

New Texas Permits

11/9/11 - 11/17/11:

  • Thomas Oliver Unit #1H, EOG Resources; Carthage Field (Haynesville Shale), Nacogdoches Co. Co., Survey: DE TORRES, P, A-55
  • Cornelius Evans #7H, XTO Energy; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: HILL, C/KIRBY, JH, A-972
  • Matthews Unit #1H, EOG Resources; Carthage Field (Haynesville Shale), San Augustine Co. Co., Survey: MOSS, J , A-189
  • Harry GU SLB #1H, Chesapeake Operating; Carthage Field (Haynesville Shale), Shelby Co. Co., Survey: TUCKER, JB, A-721

Recent Texas Completions

11/9/11 - 11/17/11:
  • Blackbird GU #1H, Samson Lone Star: 1.633 MMcf/day IP, 8/64" choke, 2,600 psi; Perfs: 17,798-18,451, length: 653 ft.; Carthage Field (Haynesville Shale), Nacogdoches Co., Survey: YBARBO, JI, A-60
  • Grizzlies DU #1H, XTO Energy: 8.311 MMcf/day IP, 18/64" choke, 9,422 psi; Perfs: 13,790-20,212, length: 6,422 ft.; Carthage Field (Haynesville Shale), Nacogdoches Co., Survey: YBARBO, JI, A-60
  • Jenkins Unit #1H, EOG Resources: 9.401 MMcf/day IP, 15/64" choke, 8,694 psi; Perfs: 15,000-19,755, length: 4,755 ft.; Carthage Field (Haynesville Shale), Nacogdoches Co., Survey: DE TORRES, P, A-55

EIA: Storage +19 Bcf to 3.85 Tcf

The weekly EIA working gas in storage report showed a 19 Bcf increase, bringing the total storage level to 3.85 Tcf.  The current level is a record high, unfortunately not the kind of record that the gas industry wants to be setting.  The weekly injection was 20 Bcf higher than last year and 9 Bcf higher than the five year average.  The current storage level is 0.4% higher than last year (the first time it's been higher since March 2011) and 6.2% higher than the five year average.

Temperatures last week were normal, only 0.3 degrees below average.

More New Louisiana Completions

Maps and spreadsheets are now updated with current information.
  • Red Oak Timber 7 #1-ALT, EXCO Operating: 1.799 MMcf/day IP on 20/64 in. choke at 1,200 psi; Perfs: 14,355-16,530, length: 2,175 ft.; Bethany Longstreet Field, Caddo Parish, S6/T14/R15; res. A, serial #241779
  • BSMC LA 19 HZ #1, Comstock Oil & Gas: 6.57 MMcf/day IP on 14/64 in. choke at 6,932 psi; Perfs: 11,730-16,121, length: 4,391 ft.; Benson Field, DeSoto Parish, S16/T10/R14; res. A, serial #242727
  • Sustainable Fst 17 #1, SWEPI, LP: 16.129 MMcf/day IP on 22/64 in. choke at 7,805 psi; Perfs: 12,366-16,851, length: 4,485 ft.; Oxford Field, DeSoto Parish, S17/T11/R12; res. Jur-A, serial #242521

Wednesday, November 16, 2011

BHP Billiton Makes the Case for Shale

BHP Billiton, the Australian company that acquired Petrohawk a few months ago, released an investor document earlier this week that makes a very articulate case for shale gas.  The presentation (see pages 7 to 27) gives an excellent graphical overview of the technology behind shale and proceeds to talk about what scares people abut hydraulic fracturing.  It ends by making a compelling argument for shale gas in North America.  If you are at all foggy about the process, it's a very illuminating and relatively quick read.

Tuesday, November 15, 2011

Going Down, Down, Down

The Henry Hub spot price for natural gas has taken a tumble in recent months and especially in the past few days.  While the price has sucked wind for the past three years and has been lower than the current level during that time, the price has dropped 11.6% since last Wednesday.  It closed at $3.13/MMBtu this afternoon.

Low commodity prices are common this time of year while the market waits for storage levels to be drawn down instead of increased.  I'm sure the price drop has everything to do with the upcoming storage report, which probably will record a new record high, and the relatively mild weather across the country, which is not likely to be a big draw on storage levels, but it is still nauseating to watch.  The current price actually makes $4/MMBtu actually look attractive, and that's pretty hard to do.

Recent DeSoto Parish Completions

The biggest contributor to the huge number of new Louisiana completions last week was DeSoto Parish.  I have broken out these completions below.

  • Evans 10-10-14 H #1, Chesapeake Operating: 15.022 MMcf/day IP on 22/64 in. choke at 6,220 psi; Perfs: 12,069-16,061, length: 3,992 ft.; Benson Field, DeSoto Parish, S10/T10/R14; res. A, serial #242683
  • Roger Bierden 14 H #1, Encana Corp.: 0.889 MMcf/day IP on 14/64 in. choke at 2,766 psi; Perfs: 14,032-14,252, length: 220 ft.; Redoak Lake Field, DeSoto Parish, S14/T11/R10; res. A, serial #241146

Non-DeSoto Louisiana Completions

I mentioned last week that there were a flood of new Louisiana Haynesville Shale completions. In an effort to present them in more easily digestible chunks, I first listed the Encana "hub" completions (last week).  Here are all of the recent completions that were not in DeSoto Parish:

  • P Conly 19 H #1, QEP Resouces: 13.898 MMcf/day IP on 18/64 in. choke at 8,550 psi; Perfs: 12,610-17,100, length: 4,490 ft.; Woodardville Field, Bienville Parish, S19/T15/R9; res. non-unitized, serial #241315
  • Holley 4-15-10 H #1, QEP Resouces: 11.37 MMcf/day IP on 16/64 in. choke at 8,950 psi; Perfs: 12,385-16,945, length: 4,560 ft.; Alabama Bend Field, Bienville Parish, S9/T15/R10; res. A, serial #242025

Monday, November 14, 2011

Haynesville Shale Rig Count Unchanged at 108

The weekly Haynesville Shale rig count was unchanged last week at 108.  Louisiana was down one to 75, while Texas was up one to 33.

Friday, November 11, 2011

U.S. Rig Count: -10 to 2,016

The weekly Baker Hughes count of working rigs in the U.S. showed a ten rig decrease, bringing the total to 2,016.  Oil rigs were up 21 to 1,133, gas rigs were down 30 to 877 and miscellaneous rigs were down one to six.  Over the past two weeks, oil rigs are up by 57 and gas rigs are down by 55.  By type, horizontal rigs were down five to 1,152, vertical rigs were up seven to 633 and directional rigs were down five to 233.

Thursday, November 10, 2011

Encana: Resource Play Hub - New Completions

This week, Encana discussed its Resource Play Hub concept, also known as the gas factory, in a Haynesville-centered conference call.  Coincidentally, or not, the company reported a slew of completions in the vicinity of its experimental Haynesville pilot hub in Sec. 27/Township 14/Range 11 (ten new completions are listed at bottom of post).  The company drilled eleven wells to test the section, experimenting with 40 acre and 80 acre spacing.  The initial production rates of the eleven wells exceeded 200 MMcf/day - not too shabby.

From Encana's presentation:

Here is a Google map of the Encana completions in this area (not all are Sec. 27) and what it looks like on the satellite image:

TONS of New LA Completions

This week, there were nearly 70 new Louisiana completions (plus a few archived ones that I'll be adding), so I'll have to introduce them in pieces over the next several days.  Bear with me, please.

EIA: Storage +37 Bcf to 3.831 Tcf

The weekly EIA working gas in storage report showed a 37 Bcf increase, bringing the total gas in storage to 3.831 Tcf.  That figure is only 9 Bcf below the all-time record set last year at this time.  The weekly injection was 42% greater than last year and 61% above the five year average.  The current storage level is only 6 Bcf below last year and 215 Bcf above the five year average.

Temperatures last week averaged 2.1 degrees cooler than average and 2.3 degrees cooler than last year.

Wednesday, November 9, 2011

Encana Haynesville Conference Call

One thing I like about Encana is that they do a Haynesville-centric investor presentation once per year.  It is usually full of good information about the company's efforts and the play itself.  This year is no exception, as the company expounds upon its "resource play hub" concept where it drills multiple wells from a single location  (formerly known as the "gas factory" but maybe that elicited too many juvenile comments).  Encana is one of several companies that have been working in the Haynesville on multiple wells from a single pad and it's good to see some tangible results.

I'll be posting some information from the presentation over the next few days, but here are the direct links to Encana's materials, including the presentation, the webcast, a transcript of the webcast and a self-promotional video tour of the company's Haynesville operations (WMV, MP4).  There is lots of good stuff in there, including a discussion of new demand drivers in the southeast (GTL plant in Lake Charles, LNG export and new natural gas power plants) and a little more on the Mid-Bossier.

Decreased Permit Activity in Texas (Only Two New Ones This Week)

There were only two new Haynesville Shale drilling applications filed in Texas over the past week (11/2/11 - 11/8/11), and both are to be drilled on the same well pad.  Since permits are a leading indicator of drilling activity (although not perfectly correlated), this appears to be a negative sign for the Haynesville Shale.

But it is always dangerous to extrapolate a trend from a single data point, so I looked back over the past thirteen weeks of Haynesville permits.  Over that period, there were 5.3 new permits per week.  Looking back over the past six weeks, that number dropped to 4.4 new permits per week.  That may be a sign of slowing activity.

New Texas Completions

11/2/11 - 11/8/11:
  • Holt-BH-BW-Allocation #1H, GMX Resources: 6.338 MMcf/day IP, 18/64" choke, 5,804 psi; Perfs: 11,125-17,659, length: 6,534 ft.; Carthage Field (Haynesville Shale), Harrison Co., Survey: MAXIMILLIAN, J , A-444 
  • Columbus #1H, SM Energy: 12.416 MMcf/day IP, 20/64" choke, 9,000 psi; Perfs: 13,850-19,501, length: 5,651 ft.; Carthage Field (Haynesville Shale), San Augustine Co., Survey: I&GN RR CO, A-392 
  • Stedham SU #2H, EXCO Operating: 11.789 MMcf/day IP, 20/64" choke, 6,655 psi; Perfs: 14,729-18,268, length: 3,539 ft.; Carthage Field (Haynesville Shale), San Augustine Co., Survey: JONES, N, A-175

Monday, November 7, 2011

More Benefits of Shale

In an editorial in the New York Times last week, conservative columnist David Brooks expounded upon the "blessings" of the shale gas revolution in the U.S.  It's a good article that gives an overview of shale gas and talks about the current politics and issues.  Among the issues Brooks notes is the impact that shale gas has made upon the chemical and manufacturing industry.  I think this issue has been overlooked as a positive impact of shale gas.

Before shale gas extraction became feasible, chemical companies were closing U.S. facilities and relocating them offshore where natural gas prices were lower.  Now that feedstocks look to be cheaper for a long time to come, we are slowly starting to see new investment in facilities in the U.S.  This means lots of capital spending and jobs, both in construction and operations.  These are good jobs that were evaporating five years ago.

No stimulus, no subsidies, no bailouts, just market-driven jobs and investment.

Louisiana Finally Looking Harder at CNG

A handful of Louisiana officials met recently with natural gas industry representatives to look at the possibility of creating better fueling infrastructure for compressed natural gas (CNG).  The meeting took place in October and was led by Public Service Commission chairman Jimmy Field.

This effort seems natural given the large quantities of gas produced in Louisiana, but it will inherently not be market-driven endeavor and likely will require government-driven economic incentives, which are not politically popular in the country these days.  Looking at a short list of officials in attendance, all were Republicans (I'm not sure there are any Democrats left in Louisiana these days), so the good news is that any effort to create CNG infrastructure likely won't involve a partisan battle.

Sunday, November 6, 2011

Haynesville Shale Rig Count: -1 to 108

The weekly Haynesville Shale rig count was down one rig to 108.  The count was down one in Louisiana to 76 and unchanged in Texas at 32.

Friday, November 4, 2011

Dealin' Chesapeake at it Again

This week, Chesapeake Energy announced that it has signed a letter of intent with "an undisclosed international major energy company" for a joint venture in the Utica Shale in eastern Ohio. The deal gives the new investor a 25% interest in around 650,000 net acres in the wet gas area of the play.  The acreage is currently owned by Chesapeake (570K net acres) and EnerVest, Ltd. (80K net acres).  The deal values the acreage at $15,000 per net acre, and will yield $2.438 billion to CHK and EnerVest. CHK's $2.14 billion proceeds will be paid $640 million in cash at closing and $1.5 billion in carried drilling and completion cost.

The company also announced a transaction to sell up to $750 million of preferred shares for acreage the company owns in the Utica Shale.  You can read all about it (starting in paragraph four) because it just wears me out to try to understand and explain Chesapeake's funding deals.

U.S. Rig Count: +5 to 2,026

The weekly Baker Hughes U.S. rig count showed a five rig increase, bringing the number of working rigs to 2,026.  Oil rigs were up 34 to 1,112, gas rigs were down 27 to 907 and miscellaneous rigs were down two to seven.  By type, horizontal rigs were up two to 1,157, vertical rigs were up three to 626 and directional rigs were unchanged at 243.

Thursday, November 3, 2011

No New Louisiana Completions This Week

But I posted updated spreadsheets and maps bringing all data current.

EIA: Storage +78 Bcf to 3.794 Tcf

The weekly EIA working gas in storage report showed a 78 Bcf net injection, bringing the total amount of gas in storage to 3.794 Tcf.  The weekly injections continue to surpass the previous year (+67 Bcf) and the five year average (+35 Bcf).  The current storage level is only 17 Bcf lower than last year, while being 201 Bcf higher than the five year average.

Normally, this time of  year the injection season is winding down, but current activity seems to indicate otherwise. Temperatures last week averaged 1.1 degrees warmer than normal, but 3.7 degrees cooler than last year.  With a strong burst of cold weather this week, the momentum might shift, but at this point the current storage level is only 46 Bcf lower than the record high storage level of 3.84 Tcf achieved in 2010.  While this is lower than the demonstrated peak capacity of 4.103 Tcf (reported by the EIA as of April 2011), it is nevertheless a concerning level.

Two Sides of the Quake

England's pursuit of shale gas hit a roadblock a few months back when two minor earthquakes (2.3 and 1.5 on the Richter scale) around Blackpool were attributed to the hydraulic fracturing of Caudrilla Resources' Preese Hall-1 gas well.  Caudrilla ceased fracking operations at the well and performed a study to determine the cause of the seismic activity.  In a press release yesterday, the company said that it found that it was "highly probable" that the fracking operations triggered some seismic events.  But the study also found that it was an "extremely rare" set of geologic circumstances that led to the seismic activity that would be unlikely to reappear in future well sites.

Unfortunately, Caudrilla found the needle in the haystack, and the nascent gas industry in the U.K. and Europe will pay the price.  The findings will fuel the call for bans on fracking in Europe, even though the events are unlikely to repeat themselves.  Will it be enough to derail the pursuit of shale gas?  The U.K. is particularly aware of the need for readily accessible, affordable energy, so the debate will rage on.

Wednesday, November 2, 2011

Forest Oil: Welcome Back!

Forest Oil reentered the Haynesville Shale program in August 2011 with a single rig drilling program.  The company made the decision to come back after months of pleasing results from its 2010 wells, which were produced on a restricted rate.  From the press release:
The seven wells drilled in 2010 have produced at an average rate of 8 MMcfe/d during their first 240 days of production and, at the end of the 240 days, had an average flowing pressure of approximately 4,300 psi. Forest now believes that the estimated ultimate recovery from these wells should exceed the 6.5 Bcfe type curve.
The company also noted that it expects cost reductions and efficiencies to further enhance Haynesville returns.

While one new rig is not big news in and of itself, it is a positive indicator that the Haynesville Play has a bright future.  The only knock on the play is that it produces only dry gas and the commodity price for gas is terrible without much on the near-term horizon to suggest otherwise.  A big knock, yes, but the Haynesville's fundamentals are strong.

Samson and KKR?

Samson Investment has entered into exclusive negotiations with LBO firm KKR to acquire a majority of Samson's oil and gas assets (Bloomberg; Financial Times).  Word is that KKR is proposing a $5 billion investment for majority control of the company, but it would need selling shareholders to provide additional financing in the form of retaining a minority share for the deal to work.  Reports have suggested a valuation of $8-10 billion for these assets.

This deal is in KKR's sweet spot and the deal.  If the deal is consummated, it might might work out very well for the selling Schusterman family as well, giving them two bites at the proverbial apple.  KKR has made several acquisitions of shale assets and turned around to resell them at a higher price in a short time frame, usually to a major producer (i.e. East Resources to Shell, Hilcorp to Marathon).  By my count, KKR is sitting on some Barnett Shale assets.  Might there be some form of packaging to create a larger follow-on deal?  KKR also has a midstream joint venture with El Paso.  Hey, isn't El Paso's E&P business for sale too? Hmmm.

So far, KKR has exhibited a golden touch.  Let's see if that hot streak continues.

Tuesday, November 1, 2011

New Texas Permits

10/21/11 - 11/1/11:

  • LeTourneau Gas Unit 4 #18HH, Anadarko E&P; Carthage Field (Haynesville Shale), Harrison Co. Co., Survey: TOBY, T, A-720
  • LeTourneau Gas Unit 4 #27HH, Anadarko E&P; Carthage Field (Haynesville Shale), Harrison Co. Co., Survey: TOBY, T, A-720
  • CGU 9 #53HH, Anadarko E&P; Carthage Field (Haynesville Shale), Panola Co. Co., Survey: SMITH, M, A-607

New Texas Completions

10/21/11 - 11/1/11:

  • Shofner Unit #1H, EOG Resources: 6.756 MMcf/day IP, 16/64" choke, 7,176 psi; Perfs: 14,065-19,256, length: 5,191 ft.; Carthage Field (Haynesville Shale), Nacogdoches Co., Survey: HOYA, CV, A-280
  • Simpson Unit #1H, EOG Resources: 9.22 MMcf/day IP, 18/64" choke, 7,510 psi; Perfs: 14,088-19,244, length: 5,156 ft.; Carthage Field (Haynesville Shale), Nacogdoches Co., Survey: HOYA, CV, A-280
  • Red River 575 SU #1HB, EXCO Operating: 15.688 MMcf/day IP, 20/64" choke, 7,172 psi; Perfs: 12,810-17,484, length: 4,674 ft.; Carthage Field (Haynesville Shale), San Augustine Co., Survey: HT&B RR/MILLS, LJ, A-575
  • Timberstar-Blackstone GU 1 #1H, XTO Energy: 2.572 MMcf/day IP, 0/64" choke, 1,300 psi; Perfs: 12,920-16,882, length: 3,962 ft.; Carthage Field (Haynesville Shale), Shelby Co., Survey: ROWE, J, A-585

35 New Louisiana Completions

  • Bundrick Land 27 #1-ALT, Encana Corp.: 21.424 MMcf/day IP on 25/64 in. choke at 7,976 psi; Perfs: 12,680-16,858, length: 4,178 ft.; Red River-Bull Bayou Field, Red River Parish, S34/T14/R11; res. Jur-A, serial #241665
  • LA Minerals 6 #1, SWEPI, LP: 20.349 MMcf/day IP on 24/64 in. choke at 9,180 psi; Perfs: 13,456-17,952, length: 4,496 ft.; Grogan Field, Sabine Parish, S31/T10/R11; res. Jur-A, serial #241778
  • Weyerhsr 28-16-10 H #1, Chesapeake Operating: 15.388 MMcf/day IP on 22/64 in. choke at 6,278 psi; Perfs: 11,858-16,339, length: 4,481 ft.; Lake Bistineau Field, Bienville Parish, S28/T16/R10; res. A, serial #242760