Sunday, February 19, 2012

Haynesville Shale - Comstock Resources (CRK) Update

By Tim -

Haynesville Shale Update - 2012 - Comstock Resources (CRK)

Comstock Resources (CRK) recently reported drilling results for natural gas in the Haynesville Shale.

In the East Texas/North Louisiana region, Comstock drilled 64 wells (28.3 net) during 2011, sixty-two of which were Haynesville or Bossier shale horizontal wells. During 2011, Comstock completed 84 (42.3 net) Haynesville or Bossier shale horizontal wells, including 33 wells (22.2 net) that were drilled in 2010. Wells drilled and completed in 2011 were put on production at an average per well initial production rate of 10.7 MMcfe per day. As of December 31, 2011, Comstock had 14 (9.8 net) Haynesville or Bossier horizontal wells waiting on completion.