Wednesday, October 29, 2008

Haynesville Shale: Encore ( EAC ) 10/29/08 Drilling Update

Encore Acquisition ( EAC ) has come out and updated Shareholders on their progress on the Haynesville Shale.

The Stockman Field in East Texas continues to outperform the Company's expectations.Four new Travis Peak wells were brought online in the quarter with an average IP of 3.6 MMcfe/D. The most recent well, the Wheeler 3, completed the second stage fracture stimulation in the Travis Peak at a gross peak rate of 6.2 MMcf/D and 90 Bbls/D.

The Company plans to spud its first Haynesville shale well in November 2008 at the Greenwood Waskom field. This well is expected to be online in the first quarter of 2009.