By Andrea: http://oilshalegas.com
In the East Texas/North Louisiana region, Comstock Resources (CRK) has drilled 55 wells (33.6 net) in 2010. Fifty-four of the wells are Haynesville or Bossier shale wells. As of November 1, 2010, twenty-four of the 54 Haynesville or Bossier shale wells drilled in 2010 have been completed and were put on production at an average per well initial production rate of 10.8 MMcfe per day. Comstock expects to complete fourteen operated Haynesville or Bossier shale wells in the fourth quarter. In addition to its Haynesville shale horizontal drilling program, Comstock has drilled two vertical wells during 2010. Comstock successfully completed a Cotton Valley well in its Blocker field in East Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Showing posts with label cotton valley. Show all posts
Showing posts with label cotton valley. Show all posts
Thursday, January 6, 2011
Tuesday, January 4, 2011
Comstock Resources (CRK): Haynesville Shale Update
By Andrea: http://oilshalegas.com
In the East Texas/North Louisiana region, Comstock Resources (CRK) has drilled 55 wells (33.6 net) in 2010. Fifty-four of the wells are Haynesville or Bossier shale wells. As of November 1, 2010, twenty-four of the 54 Haynesville or Bossier shale wells drilled in 2010 have been completed and were put on production at an average per well initial production rate of 10.8 MMcfe per day. Comstock expects to complete fourteen operated Haynesville or Bossier shale wells in the fourth quarter. In addition to its Haynesville shale horizontal drilling program, Comstock has drilled two vertical wells during 2010. Comstock successfully completed a Cotton Valley well in its Blocker field in East Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
In the East Texas/North Louisiana region, Comstock Resources (CRK) has drilled 55 wells (33.6 net) in 2010. Fifty-four of the wells are Haynesville or Bossier shale wells. As of November 1, 2010, twenty-four of the 54 Haynesville or Bossier shale wells drilled in 2010 have been completed and were put on production at an average per well initial production rate of 10.8 MMcfe per day. Comstock expects to complete fourteen operated Haynesville or Bossier shale wells in the fourth quarter. In addition to its Haynesville shale horizontal drilling program, Comstock has drilled two vertical wells during 2010. Comstock successfully completed a Cotton Valley well in its Blocker field in East Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Tuesday, February 3, 2009
Haynesville Shale: Desoto Parish Well 2009
Mainland Resources ( MNLU ) has come out and reported a huge Natural Gas well result today, February 3, 2009. MNLU is announcing that their first Haynesville Shale well is hitting 23.3 mmcfe in the DeSoto Parish area.
Mainland Resources ( MNLU ) reports that the Company and its operator have placed the Griffith 11 #1 well in DeSoto Parish, Louisiana on production. The Griffith 11 #1(Section 11, 13N, 14W) had an initial production rate of 23.3 Mmcfe/d on a 28/64” choke with 7,550# flowing casing pressure. The Griffith 11 #1 is the first well to be drilled with the Company’s operator in the Haynesville shale on its leases. Mainland owns a 40% Working Interest in this well and all subsequent Haynesville wells to be drilled on its leases. Mainland Resources is also formalizing plans to drill and complete in the Hosston/Cotton Valley formations on its Louisiana property.
The Company received a Reserve Report in December 2008 that shows Proved Undeveloped Reserves of 2.143 Bcf in these formations from a single future twin to the current well. This estimate is based on 40-acre well spacing. Mainland holds a 100% Working Interest in all rights above the base of the Cotton Valley formation, including the Hosston, in 2,695 net acres. Company President, Mike Newport states, “We have validated our model to drill to the Haynesville shale on our DeSoto Parish leases and have our first producing Haynesville gas well on line. Our commitment now is to use this success across the entire project so that Mainland gets the maximum value from its unique position in this major gas play."
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Mainland Resources ( MNLU ) reports that the Company and its operator have placed the Griffith 11 #1 well in DeSoto Parish, Louisiana on production. The Griffith 11 #1(Section 11, 13N, 14W) had an initial production rate of 23.3 Mmcfe/d on a 28/64” choke with 7,550# flowing casing pressure. The Griffith 11 #1 is the first well to be drilled with the Company’s operator in the Haynesville shale on its leases. Mainland owns a 40% Working Interest in this well and all subsequent Haynesville wells to be drilled on its leases. Mainland Resources is also formalizing plans to drill and complete in the Hosston/Cotton Valley formations on its Louisiana property.
The Company received a Reserve Report in December 2008 that shows Proved Undeveloped Reserves of 2.143 Bcf in these formations from a single future twin to the current well. This estimate is based on 40-acre well spacing. Mainland holds a 100% Working Interest in all rights above the base of the Cotton Valley formation, including the Hosston, in 2,695 net acres. Company President, Mike Newport states, “We have validated our model to drill to the Haynesville shale on our DeSoto Parish leases and have our first producing Haynesville gas well on line. Our commitment now is to use this success across the entire project so that Mainland gets the maximum value from its unique position in this major gas play."
For my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
Thursday, November 6, 2008
Haynesville Shale: Petrohawk Spuds New Well
Petrohawk Energy ( HK ) is out with earnings this morning and an update on a new well they spudded in the past two weeks located in Bossier Parish in the Haynesville Shale Nautral Gas Field.
Since its operational update on October 21, 2008, Petrohawk has completed one additional well in Bossier Parish, Louisiana, targeting the Haynesville Shale. The EGP #64H (100% WI), located in Section 10, Township 16 North, Range 11 West, was placed on production at a rate of approximately 15.7 Mmcfe/d, on a 24/64" choke with 6,700 pounds flowing casing pressure. The well has a lateral length of approximately 4,100 feet and was completed using 12 stages of fracture stimulation.
The Company has completed a total of four wells in the Haynesville Shale, all with initial production rates over 15 Mmcfe/d. Petrohawk expects to average 14 operated rigs during 2009 in this area, targeting the Haynesville Shale, Bossier Shale and the Cotton Valley Lime formations. Twelve of these rigs will drill locations in Northwest Louisiana, and two will drill on acreage in East Texas.
http://blackberrystocks.blogspot.com/
Since its operational update on October 21, 2008, Petrohawk has completed one additional well in Bossier Parish, Louisiana, targeting the Haynesville Shale. The EGP #64H (100% WI), located in Section 10, Township 16 North, Range 11 West, was placed on production at a rate of approximately 15.7 Mmcfe/d, on a 24/64" choke with 6,700 pounds flowing casing pressure. The well has a lateral length of approximately 4,100 feet and was completed using 12 stages of fracture stimulation.
The Company has completed a total of four wells in the Haynesville Shale, all with initial production rates over 15 Mmcfe/d. Petrohawk expects to average 14 operated rigs during 2009 in this area, targeting the Haynesville Shale, Bossier Shale and the Cotton Valley Lime formations. Twelve of these rigs will drill locations in Northwest Louisiana, and two will drill on acreage in East Texas.
http://blackberrystocks.blogspot.com/
Thursday, October 30, 2008
Haynesville Shale: SSEY Spuds 2nd Well 10/30/08
South Star Energy ( SSEY ) has come out with news today, 10/30/08, saying that they have spudded their second Haynesville Shale well.
The Company recently announced a successful Haynesville Shale well discovery from its Atkins-Lincoln 17-2 in the Sentell Field. This news is a significant strategic milestone for the Company, further demonstrating its ability to deliver positive results, even during a period of historically unique market conditions within the E & P sector.The Company remains focused on delivering operational success and building shareholder value through solid growth of both reserves and production rates. In light of the successful Haynesville test at the Atkins-Lincoln 17-2 location, the Company spudded the Burt 20-1 Well on October 25, 2008 as a second Haynesville test in the Sentell Field. This well is located in the southwest section of the Company's acreage position and is designed to demonstrate the quality and extent of the Field's Haynesville potential. In addition, the Company continues to examine the objectives of its current drilling program to balance both Cotton Valley and Haynesville development.
The Company is actively working with its senior lender, Macquarie Bank Limited, on balancing the Company's priorities between its Cotton Valley development objectives and actively building on its Haynesville discovery.
http://oilshalegas.com
The Company recently announced a successful Haynesville Shale well discovery from its Atkins-Lincoln 17-2 in the Sentell Field. This news is a significant strategic milestone for the Company, further demonstrating its ability to deliver positive results, even during a period of historically unique market conditions within the E & P sector.The Company remains focused on delivering operational success and building shareholder value through solid growth of both reserves and production rates. In light of the successful Haynesville test at the Atkins-Lincoln 17-2 location, the Company spudded the Burt 20-1 Well on October 25, 2008 as a second Haynesville test in the Sentell Field. This well is located in the southwest section of the Company's acreage position and is designed to demonstrate the quality and extent of the Field's Haynesville potential. In addition, the Company continues to examine the objectives of its current drilling program to balance both Cotton Valley and Haynesville development.
The Company is actively working with its senior lender, Macquarie Bank Limited, on balancing the Company's priorities between its Cotton Valley development objectives and actively building on its Haynesville discovery.
http://oilshalegas.com
Thursday, October 2, 2008
Cotton Valley & Haynesville Shale Discoveries 10/02/08
Southern Star Energy came out with the following news on a new Cotton Valley Formation discovery. They will also be drilling down into the Haynesville Shale.
Southern Star Energy Inc. (OTC Bulletin Board: SSEY - News; the "Company"), a fast-growing E&P company with reserves and production from leases located in northern Louisiana, today announced that it has successfully drilled and logged the targeted Cotton Valley interval in its Atkins-Lincoln 17-2 Well with positive results. The well reached planned intermediate pipe depth of 9,500 feet on September 26, 2008. Subsequent to logging the Cotton Valley and shallower horizons, 7-inch casing was set at 9,500 feet and the well is drilling ahead to test the Haynesville Shale at a planned total depth of 11,000 feet. This well is strategically located in the center section of the Company's Sentell Field in Bossier Parish, Louisiana. The Atkins-Lincoln 17-2 is the second well in the Company's 2008 development program and the first of two Haynesville Shale vertical test wells in the Sentell Field planned this year.
Full Article Here
For more on the shale plays in the USA and Canada, visit www.oilshalegas.com
Southern Star Energy Inc. (OTC Bulletin Board: SSEY - News; the "Company"), a fast-growing E&P company with reserves and production from leases located in northern Louisiana, today announced that it has successfully drilled and logged the targeted Cotton Valley interval in its Atkins-Lincoln 17-2 Well with positive results. The well reached planned intermediate pipe depth of 9,500 feet on September 26, 2008. Subsequent to logging the Cotton Valley and shallower horizons, 7-inch casing was set at 9,500 feet and the well is drilling ahead to test the Haynesville Shale at a planned total depth of 11,000 feet. This well is strategically located in the center section of the Company's Sentell Field in Bossier Parish, Louisiana. The Atkins-Lincoln 17-2 is the second well in the Company's 2008 development program and the first of two Haynesville Shale vertical test wells in the Sentell Field planned this year.
Full Article Here
For more on the shale plays in the USA and Canada, visit www.oilshalegas.com
Wednesday, September 3, 2008
Haynesville Shale - Natural Gas Prices - Boone Pickens 9/03/08
Natural Gas prices have plummeted over the past few months going from $14 to the mid $7's. The question is, is the Haynesville Shale still economical to drill if Natural Gas falls even further?
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Monday, August 25, 2008
XTO Energy: Freestone County, Texas Drilling Report
XTO is set to drill in Freestone County, TX Texas.
XTO Energy will drill five wells. Teague (Cotton Valley-Bossier Consolidated) Field will see Irvin GU Well 13 and Dunlap GU 2 Well 10 drilled to 13,200 feet. Dunlap GU 2 Well 5 will be drilled to 13,300 feet. No. 13 will be in Jessup I Survey A-335, 2.9 miles east of Teague. No. 10 will be in Cabler FP Survey A-114, 2.2 miles southwest of Fairfield. No. 5 will be in same, 2.7 miles southwest of Fairfield. Freestone (Cotton Valley-Bossier Consolidated) Field will be site of J.A. Gilliam II Gas Unit Well No. 23 and Fails Gas Unit Well No. 22. No. 23 will hit 13,400 feet in Chavert JL Survey A-10, seven miles southwest of Teague. No. 22 will hit 13,500 feet in Rowe AW Survey A-885, 5.9 miles southwest of Teague.
Teague (Cotton Valley- Bossier Consolidated) Field will see Henderson Gas Unit Well 30 drilled by XTO Energy five miles southeast of Teague at 12,900 feet. It will be in Lawrence J Survey A-364.
XTO will drill Tony Miller GU 1 Well 1 to 11,300 feet in a Wildcat 4.3 miles northeast of Wortham in Sweet SA Survey A-37.
http://www.tylerpaper.com/article/20080825/BUSINESS03/207283
XTO Energy will drill five wells. Teague (Cotton Valley-Bossier Consolidated) Field will see Irvin GU Well 13 and Dunlap GU 2 Well 10 drilled to 13,200 feet. Dunlap GU 2 Well 5 will be drilled to 13,300 feet. No. 13 will be in Jessup I Survey A-335, 2.9 miles east of Teague. No. 10 will be in Cabler FP Survey A-114, 2.2 miles southwest of Fairfield. No. 5 will be in same, 2.7 miles southwest of Fairfield. Freestone (Cotton Valley-Bossier Consolidated) Field will be site of J.A. Gilliam II Gas Unit Well No. 23 and Fails Gas Unit Well No. 22. No. 23 will hit 13,400 feet in Chavert JL Survey A-10, seven miles southwest of Teague. No. 22 will hit 13,500 feet in Rowe AW Survey A-885, 5.9 miles southwest of Teague.
Teague (Cotton Valley- Bossier Consolidated) Field will see Henderson Gas Unit Well 30 drilled by XTO Energy five miles southeast of Teague at 12,900 feet. It will be in Lawrence J Survey A-364.
XTO will drill Tony Miller GU 1 Well 1 to 11,300 feet in a Wildcat 4.3 miles northeast of Wortham in Sweet SA Survey A-37.
http://www.tylerpaper.com/article/20080825/BUSINESS03/207283
Monday, August 18, 2008
Haynesville Shale - Forest Oil ( FST ) East Texas, Cotton Valley - 8/18/08
Forest Oil ( FST ) announced today that it has aquired acreage that is prospect to the Haynesville shale in East Texas.
Forest Oil announced today that it has entered into a definitive agreement with Cordillera Texas, L.P. to acquire producing assets including approximately 118,000 gross acres (85,000 net acres) in Forest’s core Greater Buffalo Wallow and East Texas/North Louisiana Focus Areas. Forest attributes estimated proved reserves of 350 Bcfe (36% proved developed) with additional net unrisked potential of 1,200 Bcfe and approximately 1,500 additional vertical and horizontal drilling locations (1,194 unbooked locations) to the properties. The properties produced an average of approximately 34 MMcfe/d in the first half of 2008 and are focused primarily in the Granite Wash, Atoka and Morrow intervals in the Greater Buffalo Wallow Area and in the Cotton Valley and Travis Peak intervals in East Texas. The acquired acreage in East Texas also has James Lime, Haynesville/Bossier Shale and Pettet rights.
Forest Oil announced today that it has entered into a definitive agreement with Cordillera Texas, L.P. to acquire producing assets including approximately 118,000 gross acres (85,000 net acres) in Forest’s core Greater Buffalo Wallow and East Texas/North Louisiana Focus Areas. Forest attributes estimated proved reserves of 350 Bcfe (36% proved developed) with additional net unrisked potential of 1,200 Bcfe and approximately 1,500 additional vertical and horizontal drilling locations (1,194 unbooked locations) to the properties. The properties produced an average of approximately 34 MMcfe/d in the first half of 2008 and are focused primarily in the Granite Wash, Atoka and Morrow intervals in the Greater Buffalo Wallow Area and in the Cotton Valley and Travis Peak intervals in East Texas. The acquired acreage in East Texas also has James Lime, Haynesville/Bossier Shale and Pettet rights.
Tuesday, August 5, 2008
Haynesville Shale - PetroHawk ( HK ) signs deal
This morning we have news out of PetroHawk Energy ( HK ) and Mainland Resources ( MNLU ) regarding the Haynesville Shale. These two companies will be apart of a joint venture in the Louisiana Shale deposit known as the Haynesville Shale.
Mainland Resources, Inc. holds interest in approximately 2,695 net acres which form part of the East Holly Field in De Soto Parish, northwest Louisiana.
Under the terms of the Definitive Agreement, Petrohawk agrees to pay 100% of the costs of development associated with the first well drilled below the Cotton Valley Formation, including drilling, completing and fracture stimulating, as well as costs up to and including pipeline connection. Petrohawk also agrees to pay 80% of all costs of the second well drilled on the Leases below the base of the Cotton Valley and Mainland agrees to pay 20% of the costs. For the third, and all subsequent wells drilled on the Leases below the base of the Cotton Valley Formation, Petrohawk will pay 60% and Mainland will pay 40%.
Mainland will immediately transfer 60% of its De Soto Parish leases to Petrohawk, but only as the Leases relate to all depths below the base of the Cotton Valley Formation, and specifically the Haynesville Shale. Mainland retains rights to all Cotton Valley and Hosston formation production on these Leases. Petrohawk agrees to gather and market Mainland's production from above the base of the Cotton Valley Formation, pursuant to a mutually acceptable agreement.
Full Article - http://biz.yahoo.com/prnews/080805/latu059.html?.v=101
Mainland Resources, Inc. holds interest in approximately 2,695 net acres which form part of the East Holly Field in De Soto Parish, northwest Louisiana.
Under the terms of the Definitive Agreement, Petrohawk agrees to pay 100% of the costs of development associated with the first well drilled below the Cotton Valley Formation, including drilling, completing and fracture stimulating, as well as costs up to and including pipeline connection. Petrohawk also agrees to pay 80% of all costs of the second well drilled on the Leases below the base of the Cotton Valley and Mainland agrees to pay 20% of the costs. For the third, and all subsequent wells drilled on the Leases below the base of the Cotton Valley Formation, Petrohawk will pay 60% and Mainland will pay 40%.
Mainland will immediately transfer 60% of its De Soto Parish leases to Petrohawk, but only as the Leases relate to all depths below the base of the Cotton Valley Formation, and specifically the Haynesville Shale. Mainland retains rights to all Cotton Valley and Hosston formation production on these Leases. Petrohawk agrees to gather and market Mainland's production from above the base of the Cotton Valley Formation, pursuant to a mutually acceptable agreement.
Full Article - http://biz.yahoo.com/prnews/080805/latu059.html?.v=101
Sunday, July 27, 2008
Cotton Valley Formation - Haynesville Shale
The Haynesville Shale is not the only exciting area in Texas and Louisiana! A sandstone and shale formation directly above the Haynesville Shale is known as the Cotton Valley Formation. Companies have been drilling the Cotton Valley for along time before they started tapping into the Haynesville Shale.
Located mostly in East Texas, The Cotton Valley shale has been producing big results lately for XTO Energy. Management has said in their latest conference call that this was where most of the growth occurred.
Located mostly in East Texas, The Cotton Valley shale has been producing big results lately for XTO Energy. Management has said in their latest conference call that this was where most of the growth occurred.
Wednesday, July 23, 2008
Haynesville Shale - Cubic Energy Update QBIK
Cubic Energy has reached total depth of 11,950 feet on its Estes 7 No. 1. 7 5/8” casing was set at 10,208 feet and 4 ½” liner was set at 11,950 feet. The Estes 7 No. 1 is Cubic’s fourth Haynesville Shale well in its northwest Louisiana acreage. With the 7 5/8” casing, the Company will be able to drill horizontally in the Haynesville Shale at a later date, after being vertically completed in the Haynesville Shale. The Estes 7 No. 1 is Cubic’s first Haynesville Shale well to be drilled in the Company’s southern acreage position of Bethany Longstreet.
Log analysis identified Pettit, Cotton Valley and Hosston zones in addition to two Shale zones in the Estes 7 No. 1 The lower Shale zone is located between 11,420 feet and 11,890 feet in depth and calculates an estimated 186 BCF of Total Shale Gas and 173 BCF of Free Shale Gas per square mile of reservoir. The upper Shale zone is located between 10,730 feet and 11,150 feet in depth and calculates an estimated 100 BCF of Total Shale Gas and 93 BCF of Free Shale Gas per square mile of reservoir. This is comparable to the Free Shale Gas in the Company’s Johnson Branch acreage.
Immediately following the drilling of the Estes 7 No. 1, the Company will rig down and move to the Red Oak Timber 5 No. 1 also located in Cubic’s southern acreage of Bethany Longstreet. The Company will vertically drill to the Haynesville Shale at approximately 11,950 feet and will use the same casing program as used on the Estes 7 No. 1. Cubic has a 35% working interest in the Estes 7 No. 1 and the Red Oak Timber 5 No. 1.
The Company also announced the last of its pipeline construction in Cubic’s northern acreage of Johnson Branch should be finished in the next few weeks. Additionally, the Company has scheduled completions for the last of the wells in this area. Cubic has a 49% working interest in the Johnson Branch acreage.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company’s oil and gas assets and activity are concentrated primarily in Texas and Louisiana.
For more on the Haynesville Shale Click Here
Log analysis identified Pettit, Cotton Valley and Hosston zones in addition to two Shale zones in the Estes 7 No. 1 The lower Shale zone is located between 11,420 feet and 11,890 feet in depth and calculates an estimated 186 BCF of Total Shale Gas and 173 BCF of Free Shale Gas per square mile of reservoir. The upper Shale zone is located between 10,730 feet and 11,150 feet in depth and calculates an estimated 100 BCF of Total Shale Gas and 93 BCF of Free Shale Gas per square mile of reservoir. This is comparable to the Free Shale Gas in the Company’s Johnson Branch acreage.
Immediately following the drilling of the Estes 7 No. 1, the Company will rig down and move to the Red Oak Timber 5 No. 1 also located in Cubic’s southern acreage of Bethany Longstreet. The Company will vertically drill to the Haynesville Shale at approximately 11,950 feet and will use the same casing program as used on the Estes 7 No. 1. Cubic has a 35% working interest in the Estes 7 No. 1 and the Red Oak Timber 5 No. 1.
The Company also announced the last of its pipeline construction in Cubic’s northern acreage of Johnson Branch should be finished in the next few weeks. Additionally, the Company has scheduled completions for the last of the wells in this area. Cubic has a 49% working interest in the Johnson Branch acreage.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company’s oil and gas assets and activity are concentrated primarily in Texas and Louisiana.
For more on the Haynesville Shale Click Here
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