Thursday, December 18, 2014

J-W Buys Some Petrohawk Cotton Valley Action

A few weeks ago, BHP Billiton/Petrohawk sold J-W Operating its interest in acreage in the Cotton Valley formation in North Louisiana.  The sale covered "approximately 1,200 wellbores and associated gathering lines and compressor facilities" in the Elm Grove and Caspiana fields.  This likely is good news for the owners of these properties, as J-W will be a lot more attentive to these wells than BHP, which seems more interested in landing big fish than dealing with the small potatoes of existing CV wells.

No comments: