Saturday, May 16, 2009

Marcellus Shale Update - May 18, 2009

Drilling activity in the Marcellus Shale has died down but is still out there. The recent drop in natural gas prices have put pressure on profit margins. Below is a Marcellus Shale update for 5/18/09


UNBRIDLED ENERGY CORP ( UNEFF ) announces it has successfully drilled the stratigraphic test well on its Chautauqua Lake acreage in western New York. The well was drilled, cored and logged to a total depth of 7,300’ as planned.

This well, drilled in conjunction with New York State Energy Research and Development Authority (NYSERDA) was an effort to test the potential of several deep horizons in the area. The exact well location was determined using 2-D seismic. The data from the logs and core is currently being evaluated.

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Haynesville Shale Update May 18, 2009

Lower natural gas prices have cut back a lot of drilling in the haynesville shale which is located in East Texas and North Louisiana. Below is a look back at last weeks activity in the haynesville shale natural gas field.

Haynesville Shale Report - 5/18/09

Mainland Resources, Inc. and JV Partner Spud Third Haynesville Shale Well on the Company's DeSoto Parish, Louisiana Property

Mainland Resources, Inc., (OTC Bulletin Board: MNLU; 5MN-Frankfurt) a Nevada Corporation (the "Company") reports that its Joint Venture (JV) Partner and Operator has commenced drilling operations on the Company's third JV well to evaluate additional potential of the Haynesville Shale gas formation on Mainland's Louisiana leases.

The Dehan et al 15#1H was spud on May 4, 2009 and is currently drilling at 6850 feet.
The well will be drilled to approximately 12,000 feet or a depth to sufficiently test the Haynesville Shale formation. Mainland will own a 25.42% Working Interest in this unit. The JV Partner and Operator will have a 38.12472% Working Interest in the well.

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