Saturday, May 16, 2009

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.

For my latest updates, visit or Subscribe for Free