Tuscaloosa Marine Shale - Encana (ECA) - Amite County, MS

By Tim - http://oilshalegas.com

The Tuscaloosa Marine Shale is located in southern Louisiana as well as southwestern Mississippi. This emerging shale play is catching the eye of drilling companies due to the oil potential there. Could the Tuscaloosa Marine Shale find be a mini Eagle Ford Shale ? Only time will tell! One thing I like to do is to buy the stocks in these new shale fields, especially when they have a huge stake in the discovery. Encana (ECA) is the stock you will want to watch. Encana has over 270,000 acres in the Tuscaloosa Marine Trend and they have already hit a 30 day initial rate of 310 barrels of oil in Amite County, MS. Stay Tuned for more details!

http://www.oilshalegas.com/tuscaloosamarineshale.html

Williams Companies (WMB): Piceance Basin

By Andrea: http://oilshalegas.com

Williams Companies (WMB) is currently running 12 rigs in the Piceance Basin and they plan to add at least one more rig by the end of 2010. They plan to see production increase by 12% in 2011 and by 16% in 2012. The company currently accounts for more than 1/3 of the drilling in the Piceance Basin and has the largest stake in the Piceance Basin, followed by EnCana Corp. (ECA) who currently operates 7 rigs in the Piceance Basin.

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Haynesville Shale: Encana ( ECA ) 10/23/08 - Operational Update

Encana ( ECA ) has come out with their earnings report as well as their operational report including the Haynesville Shale and Horn River Shale. Operating earnings up 40 percent to $1.92 per share or $1.4 billion

Haynesville Shale: In the third quarter of 2008, we strengthened our position in the Haynesville gas resource play by acquiring 25,000 net acres, increasing ourland position to about 400,000 net acres, plus 63,000 net acres of mineral rights. We continue to see great potential in this promising shale play,"Eresman said. "EnCana, along with our partner, Shell Exploration & Production,has an industry-leading land position in this area of Louisiana. We currently have six rigs running with a focus on cost reduction and completion optimization. We will target drilling and completing the first well in themid-Bossier shale in the fourth quarter.

Horn River Shale: At HornRiver in British Columbia, EnCana and partner Apache Corporation have completed seven wells this year, with one of our most recent wells delivering encouraging results, flowing for the first 30 days at an average of almost8 MMcf/d."

Montney Shale: In northeast British Columbia and northwestern Alberta, our already strong land position in the Montney play hasexpanded to more than 700,000 acres. With that, EnCana has the largest disclosed land base in this emerging unconventional gas field.

Woodford Shale - EPM Evolution Petroleum Gives Update 9/23/08

EPM Evolution Petroleum is out with their latest Woodford Shale Update below. You've probably noticed but my blog has been semi quiet. Ever since the fall of natural gas prices from $14 to $7....news on these shale plays such as the Haynesville Shale, Marcellus Shale, Fayetteville Shale has fallen off a cliff. The natural gas gold rush has subsided for now, but it will be back. Now is the time to buy stocks like Chesapeake Energy ( CHK ) and Encana ( ECA ).

"As previously announced, our 2009 capital budget includes initialdrilling in our Woodford Shale projects in Oklahoma and initial drilling in anew project in Texas, both expected to occur late in the fiscal year," addedHerlin. "The 2009 capital budget also provides for up to $3 million in newleasing in the Giddings Field, our Oklahoma gas shale projects and our newTexas project. We have now acquired leases on more than 17,600 net acres inOklahoma and are very encouraged by the drilling results of operators alsodeveloping the shallow and mid-depth Woodford Shale near our leases."