Haynesville Shale: Questar STR New Well Results

Questar ( STR ) has come out and issued results on their new Haynesville Shale well.


Questar Corporation (STR) subsidiary Questar Exploration and
Production Company (Questar E&P) today announced completion of the company’s first
operated Haynesville Shale horizontal wells in Northwest Louisiana.

The Waerstad #3, located in Red River Parish, LA (Sec 1, T14N, R12W) was placed on
production on November 13, 2008 at an initial rate of 16 million cubic feet of natural gas per day
(MMcfd) on a 23/64 inch choke with 6,400 pounds per square inch flowing casing pressure.
Eight fracture stimulation stages were pumped in the 3,234 foot horizontal lateral. Questar E&P
has a 100% working interest in the Waerstad #3 well.

The Wiggins 36 H - #1, located in Bienville Parish, LA (Sec 36, T15N, R10W) was
placed on production on November 16, 2008, at an initial rate of 7.4 MMcfd on a 22/64 inch
choke with 5,450 pounds per square inch flowing casing pressure. Nine fracture stimulation
stages were pumped in the 3,455 foot horizontal lateral. Questar E&P has a 62% working interest in the Wiggins 36H- #1 well.

Questar E&P is currently drilling two additional company-operated Haynesville
horizontal wells and is participating in four outside-operated Haynesville horizontal wells that are in various stages of progress. Questar E&P has approximately 31,000 net acres of
Haynesville Shale leasehold in the Elm Grove, Woodardville and Thorn Lake areas of Northwest
Louisiana.

http://www.questar.com/news/2008_news/08-20%202008%20Haynesville%20Shale%20well%20results.pdf

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