Wednesday, October 31, 2012

All Quiet on the Questar Front

I know Questar is now QEP, but I hate to acknowledge the transition to yet another boring initial-based company name.  Unfortunately, not much to say about Questar's third quarter conference call as it concerns the Haynesville Shale.  With an increase in oil-based assets, especially after its big Bakken Shale acquisition in 2012, the Haynesville page in its operational update is now dead last.

The company pulled its last rig in June and hasn't completed a well since April 2012.  It has five wells drilled and cased but completion has been deferred to 2013.  Haynesville production in Q3 was 261 MMcf/day (it was 42 MMcf/day in Cotton Valley/Hosston).  The company expects Haynesville production to drop by 30% year-over-year in 2013.  Not much else to say.

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