By Tim - http://oilshalegas.com
The Tuscaloosa Marine Shale has been hitting the news lately on some nice oil wells being drilled. The Tuscaloosa Marine Shale is located in south Louisiana and Mississippi.
Showing posts with label louisiana. Show all posts
Showing posts with label louisiana. Show all posts
Tuesday, November 8, 2011
Chesapeake Energy (CHK) -Tuscaloosa Marine Shale
Monday, November 7, 2011
Columbia County Arkansas - Smackover Brown Dense Shale
By Tim - http://oilshalegas.com
"Included in the approximately 948,000 net acres are 487,000 net acres located in the Lower Smackover Brown Dense formation, an unconventional oil reservoir found in southern Arkansas and northern Louisiana. The company spud its first well in September, the Roberson 18-19 #1-15H located in Columbia County, Arkansas, and is currently drilling the lateral portion of the well. This well has a vertical depth of approximately 9,200 feet and a planned horizontal lateral length of 4,000 feet. The well is expected to be completed in November. The company will spud its second well, the Garrett 7-23-5H #1 located in Claiborne Parish, Louisiana in November. This well has a planned total vertical depth of approximately 10,700 feet and a planned 7,900-foot horizontal lateral. The company plans to drill up to 8 additional wells as we continue to test the concept in 2012. If the company's drilling program yields positive results, it expects that activity in the play could increase significantly over the next several years."
Saturday, November 5, 2011
Smackover Brown Dense Formation - Lower Smackover Shale
By Tim - http://oilshalegas.com
"Included in the approximately 948,000 net acres are 487,000 net acres located in the Lower Smackover Brown Dense formation, an unconventional oil reservoir found in southern Arkansas and northern Louisiana. The company spud its first well in September, the Roberson 18-19 #1-15H located in Columbia County, Arkansas, and is currently drilling the lateral portion of the well. This well has a vertical depth of approximately 9,200 feet and a planned horizontal lateral length of 4,000 feet. The well is expected to be completed in November. The company will spud its second well, the Garrett 7-23-5H #1 located in Claiborne Parish, Louisiana in November. This well has a planned total vertical depth of approximately 10,700 feet and a planned 7,900-foot horizontal lateral. The company plans to drill up to 8 additional wells as we continue to test the concept in 2012. If the company's drilling program yields positive results, it expects that activity in the play could increase significantly over the next several years."
Thursday, June 23, 2011
Arenal Energy Corp. - Austin Chalk Update
By Andrea: http://oilshalegas.com
Arenal Energy Corporation recently released an update on the Austin Chalk Formation. The company is seeking oil reclamation and production opportunities in the Austin Chalk geologic formation, which extends through Texas into Louisiana and overlays the Eagle Ford shale formation.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Arenal Energy Corporation recently released an update on the Austin Chalk Formation. The company is seeking oil reclamation and production opportunities in the Austin Chalk geologic formation, which extends through Texas into Louisiana and overlays the Eagle Ford shale formation.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Pryme Energy Limited: Austin Chalk Formation Update
By Andrea: http://oilshalegas.com
Pryme Energy Limited (PYM.AX, POGLY.PK) recently provided an update on its operations in Louisiana, on the Turner Bayou project in the Austin Chalk Formation:
The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Austin Chalk formation at 15,300 feet and the Eagle Ford formation at 16,000 feet.
Deshotels 13H No.1 (40% Working Interest / 30% NRI)
Drilling of the second well in the Turner Bayou Chalk project, the Deshotels 13H No.1 well in North Bayou Jack Field, has resumed and is currently at a depth of 7,640 feet (2,328 metres). The well will be drilled to a vertical depth of approximately 15,000 feet (4,570 metres) with a 4,000 foot (1,220 metre) lateral through the Austin Chalk formation. The total measured depth of the well will be 19,000 feet (5,790 metres). It is expected that it will take approximately 2 months to reach target depth (early August). Following completion the well will be connected to the Deshotels 20H No.1 production facilities.
This is the second well to be drilled in the Turner Bayou Chalk project. The first well, the Deshotels 20H No.1, encountered significant major phase oil fractures interpreted from the 3D seismic survey resulting in oil being produced to the surface and natural gas flared while drilling. Mechanical problems during the completion of the Deshotels 20H No.1 hindered the effective completion of the well and it is currently producing below expectations at 150 barrels per day of oil and approximately 130 mcf per day of natural gas. Pryme and its partners plan to rectify the Deshotels 20H No.1 following the drilling and bringing into production the current well.
The drilling procedure for the Deshotels 13H No.1 well involved a small rig to drill the surface hole and running casing to a depth of 4,500 feet (1,370 metres.) The surface hole was drilled on a fixed fee contract basis and was completed on 17 May. A larger rig has been mobilized to site to drill the remainder of the vertical section of the well and the lateral.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Pryme Energy Limited (PYM.AX, POGLY.PK) recently provided an update on its operations in Louisiana, on the Turner Bayou project in the Austin Chalk Formation:
The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Austin Chalk formation at 15,300 feet and the Eagle Ford formation at 16,000 feet.
Deshotels 13H No.1 (40% Working Interest / 30% NRI)
Drilling of the second well in the Turner Bayou Chalk project, the Deshotels 13H No.1 well in North Bayou Jack Field, has resumed and is currently at a depth of 7,640 feet (2,328 metres). The well will be drilled to a vertical depth of approximately 15,000 feet (4,570 metres) with a 4,000 foot (1,220 metre) lateral through the Austin Chalk formation. The total measured depth of the well will be 19,000 feet (5,790 metres). It is expected that it will take approximately 2 months to reach target depth (early August). Following completion the well will be connected to the Deshotels 20H No.1 production facilities.
This is the second well to be drilled in the Turner Bayou Chalk project. The first well, the Deshotels 20H No.1, encountered significant major phase oil fractures interpreted from the 3D seismic survey resulting in oil being produced to the surface and natural gas flared while drilling. Mechanical problems during the completion of the Deshotels 20H No.1 hindered the effective completion of the well and it is currently producing below expectations at 150 barrels per day of oil and approximately 130 mcf per day of natural gas. Pryme and its partners plan to rectify the Deshotels 20H No.1 following the drilling and bringing into production the current well.
The drilling procedure for the Deshotels 13H No.1 well involved a small rig to drill the surface hole and running casing to a depth of 4,500 feet (1,370 metres.) The surface hole was drilled on a fixed fee contract basis and was completed on 17 May. A larger rig has been mobilized to site to drill the remainder of the vertical section of the well and the lateral.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Thursday, December 30, 2010
Comstock Resources (CRK): Haynesville Shale Update
By Andrea: http://oilshalegas.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Tuesday, December 28, 2010
Comstock Resources (CRK): Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Monday, December 27, 2010
Comstock Resources (CRK): Bossier Shale Update
By Andrea: http://oilshalegas.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Comstock Resources, Inc. (CRK) recently released an operational update where they they announced the distribution of their 2011 budget for natural gas.
They announced that they plan to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.
The 2011 budget includes $110.2 million for completion costs for 25 (21.6 net) Haynesville or Bossier shale wells that were drilled in 2010 but will be carried into 2011 for completion by the Company's dedicated frac crew which will be under contract for 2011. In addition to completing the 25 wells drilled in 2010, Comstock has budgeted to drill 67 (49.5 net) wells in 2011. All of the wells will be horizontal wells. Comstock has budgeted to drill 45 (27.5 net) Hayneville or Bossier shale wells in North Louisiana. The remaining twenty-two (22.0 net) wells will be drilled to develop the Company's Eagle Ford shale leases which were acquired this year.
Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010. The 2011 drilling program is also expected to provide another year of strong reserve growth in 2011. The Eagle Ford drilling program will focus on the oil and condensate portion of the Eagle Ford shale play which will allow the Company to grow its oil, condensate and natural gas liquids production in 2011.
Comstock has a substantial amount of flexibility in implementing its drilling program in 2011. During the first half of 2011, the Company can release two of its drilling rigs without penalty in addition to the one that the Company plans to release in the first quarter. Comstock can also move additional drilling rigs from its Haynesville shale program to its Eagle Ford shale program. This flexibility allows the Company to reduce its capital expenditures in response to weaker natural gas prices or reallocate its budget toward oil or liquids rich projects in response to continued strong oil prices in relation to natural gas prices.
The Company's early results in the Eagle Ford shale have been encouraging. Additional results from the recently drilled wells and future drilling will govern the timing of deploying additional drilling rigs to Comstock's South Texas operations.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Friday, December 24, 2010
Avoyelles Parish, LA: Austin Chalk Formation Update
By Andrea: http://oilshalegas.com
Pryme Oil and Gas Limited released an operational update announcing the delay of acidizing of Deshotels 20-H No. 1 well located in the Austin Chalk Formation of Avoyelles Parish, LA.
As a result of a pre-Christmas increase in the demand for oil field services, the contractor which has been engaged to acidize the perforated intervals in the horizontal leg of the Deshotels 20-H No.1 has been unable to attend to the job as scheduled. It is now expected that the acidizing will be carried out after Christmas. Flow testing of the well will follow the acidizing.
As discussed in previous announcements, it is expected that the Deshotels 20-H No.1 well will primarily produce oil. However, it is also expected that commercial quantities of natural gas will be produced. Trenching and laying of the flow line from the well to the natural gas sales line, a distance of approximately 4 miles, is underway.
Pryme has a 40% working interest (30% net revenue interest (NRI)) in this well.
The Deshotels 20-H No.1 well, in Pryme's Turner Bayou Chalk project in the North Bayou Jack Field, is the first deep well to be drilled within the Turner Bayou 3D seismic survey. The well has been drilled to a depth of 16,400 feet (5,000 metres) vertically with a 3,755 feet (1,144 metre) horizontal leg through the Austin Chalk formation which is predominantly oil bearing in this region. The well location was confirmed using high resolution 3D seismic data from a survey carried out in 2007 and data from surrounding well bores.
Turner Bayou is one of Pryme's high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% interest in the Turner Bayou Chalk project area, which is contained within the Turner Bayou 3D seismic survey, and a 52% interest in the balance of Turner Bayou. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are contained within six prospective formations ranging in depth from the Frio formation at 3,000 feet, to the Tuscaloosa formation at 18,000 feet.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Pryme Oil and Gas Limited released an operational update announcing the delay of acidizing of Deshotels 20-H No. 1 well located in the Austin Chalk Formation of Avoyelles Parish, LA.
As a result of a pre-Christmas increase in the demand for oil field services, the contractor which has been engaged to acidize the perforated intervals in the horizontal leg of the Deshotels 20-H No.1 has been unable to attend to the job as scheduled. It is now expected that the acidizing will be carried out after Christmas. Flow testing of the well will follow the acidizing.
As discussed in previous announcements, it is expected that the Deshotels 20-H No.1 well will primarily produce oil. However, it is also expected that commercial quantities of natural gas will be produced. Trenching and laying of the flow line from the well to the natural gas sales line, a distance of approximately 4 miles, is underway.
Pryme has a 40% working interest (30% net revenue interest (NRI)) in this well.
The Deshotels 20-H No.1 well, in Pryme's Turner Bayou Chalk project in the North Bayou Jack Field, is the first deep well to be drilled within the Turner Bayou 3D seismic survey. The well has been drilled to a depth of 16,400 feet (5,000 metres) vertically with a 3,755 feet (1,144 metre) horizontal leg through the Austin Chalk formation which is predominantly oil bearing in this region. The well location was confirmed using high resolution 3D seismic data from a survey carried out in 2007 and data from surrounding well bores.
Turner Bayou is one of Pryme's high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% interest in the Turner Bayou Chalk project area, which is contained within the Turner Bayou 3D seismic survey, and a 52% interest in the balance of Turner Bayou. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are contained within six prospective formations ranging in depth from the Frio formation at 3,000 feet, to the Tuscaloosa formation at 18,000 feet.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Friday, October 15, 2010
St. Martin Parish, Louisiana - GeoResources Update
By Andrea: http://oilshalegas.com
GeoResources Inc. (GEOI) recently released an operational update announcing their move into St. Martin Parish, LA where they plan on drilling in the 4th quarter of 2010:
St. Martinville is a shallow oil development project with deeper gas objectives located in St. Martin Parish, Louisiana. They are currently moving onto our first drilling location. GeoResources plans to drill four wells during the 4th Quarter of 2010 and 1st Quarter of 2011. The first well, the Conoco Fee A-53, is expected to test Miocene-aged, stacked oil objectives ranging from 2,700 to 4,500 feet. Our working interest is 97%. Pending approval of proposed units and drilling permits, they plan to drill three additional wells one of which will be a re-entry of a previously drilled well. Our working interests are expected to be similar to the Conoco Fee. They continue to work the 3-D seismic and subsurface geologic well control and expect to have additional locations. In the event of success in the first four locations, the project could be expanded to include six to ten additional wells. All of these proposed drilling locations have multiple stacked objectives and are above 5,000 feet. GeoResources also has drilling objectives for gas and liquids in the Discorbis section at about 10,000 feet. Drilling and completion services and supplies are readily available for this project.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
GeoResources Inc. (GEOI) recently released an operational update announcing their move into St. Martin Parish, LA where they plan on drilling in the 4th quarter of 2010:
St. Martinville is a shallow oil development project with deeper gas objectives located in St. Martin Parish, Louisiana. They are currently moving onto our first drilling location. GeoResources plans to drill four wells during the 4th Quarter of 2010 and 1st Quarter of 2011. The first well, the Conoco Fee A-53, is expected to test Miocene-aged, stacked oil objectives ranging from 2,700 to 4,500 feet. Our working interest is 97%. Pending approval of proposed units and drilling permits, they plan to drill three additional wells one of which will be a re-entry of a previously drilled well. Our working interests are expected to be similar to the Conoco Fee. They continue to work the 3-D seismic and subsurface geologic well control and expect to have additional locations. In the event of success in the first four locations, the project could be expanded to include six to ten additional wells. All of these proposed drilling locations have multiple stacked objectives and are above 5,000 feet. GeoResources also has drilling objectives for gas and liquids in the Discorbis section at about 10,000 feet. Drilling and completion services and supplies are readily available for this project.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Wednesday, September 1, 2010
Caddo Parish, LA : Haynesville Shale Update
By Andrea: http://oilshalegas.com
Cubic Energy Inc. (QBC) announced today that they spud their 4th horizontal well today in the Haynesville shale:
Cubic Energy Inc. (QBC) announced that the Red Oak Timber 7-1 ALT spud on August 6, 2010 with surface casing set at 1,903 feet. This well is located in Section 7, Township 14 North Range 15 West in Caddo Parish, Louisiana located in Cubic s Bethany Longstreet acreage. Cubic has an estimated 29% working interest in this well.
Calvin Wallen III, Cubic’s CEO and President, stated, "This is Cubic’s fourth Horizontal Haynesville Shale well to be drilled under our existing drilling credit and the sixteenth Horizontal Haynesville Shale well in which Cubic has a working interest."
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 Louisiana and Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Cubic Energy Inc. (QBC) announced today that they spud their 4th horizontal well today in the Haynesville shale:
Cubic Energy Inc. (QBC) announced that the Red Oak Timber 7-1 ALT spud on August 6, 2010 with surface casing set at 1,903 feet. This well is located in Section 7, Township 14 North Range 15 West in Caddo Parish, Louisiana located in Cubic s Bethany Longstreet acreage. Cubic has an estimated 29% working interest in this well.
Calvin Wallen III, Cubic’s CEO and President, stated, "This is Cubic’s fourth Horizontal Haynesville Shale well to be drilled under our existing drilling credit and the sixteenth Horizontal Haynesville Shale well in which Cubic has a working interest."
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 Louisiana and Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
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Wednesday, August 18, 2010
DeSoto Parish, LA: Top Haynesville Shale Wells
By Andrea: http://oilshalegas.com
According to a press release for Mexco Energy, not only has the Haynesville shale area been estimated to become the largest gas resource in the U.S. and the fourth largest in the world, DeSoto Parish, Louisiana has been recognized as one of the top six parishes in Louisiana where the most productive Haynesville wells are located. Among the companies operating in DeSoto Parish, LA, are Chesapeake Energy Corp. (CHK), Petrohawk Energy Corp. (HK) and Mexco Energy (MXC).
Read more: http://www.centredaily.com/2010/08/17/2156727/mexco-energy-corporation-announces.html#ixzz0wxcTR4Yj
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
According to a press release for Mexco Energy, not only has the Haynesville shale area been estimated to become the largest gas resource in the U.S. and the fourth largest in the world, DeSoto Parish, Louisiana has been recognized as one of the top six parishes in Louisiana where the most productive Haynesville wells are located. Among the companies operating in DeSoto Parish, LA, are Chesapeake Energy Corp. (CHK), Petrohawk Energy Corp. (HK) and Mexco Energy (MXC).
Read more: http://www.centredaily.com/2010/08/17/2156727/mexco-energy-corporation-announces.html#ixzz0wxcTR4Yj
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
DeSoto Parish, LA: Haynesville Shale
By Andrea: http://oilshalegas.com
Mexco Energy Corp. (MXC) announced that they are purchasing 5,120 acres in the Haynesville shale area of DeSoto Parish, LA. Among the operating companies on the land, include Petrohawk Energy Corp. (HK) and Chesapeake Energy Corp. (CHK). In addition to the 5 horizontal wells already operating on the land, there is an estimate of 59 addition drill sites. Press release below:
Mexco Energy Corporation (MXC) announced the purchase of overriding royalty interests in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for an approximate purchase price of $1.65 million, prior to closing adjustments. Mexco paid $1.46 million in cash and 26,833 shares of its Common Stock. The Company funded the cash portion of the purchase from working capital and primarily from its $5.0 million credit facility. The stock was issued from Mexco's treasury shares.
This acreage currently contains five (5) horizontal wells producing from the Haynesville Shale formation and operated by Petrohawk Operating Company which will operate six of the eight sections. The two remaining sections will be operated by Chesapeake Energy. The Company owns average overriding royalty interests of approximately .28%.
These 5,120 acres contain an additional 59 potential drill sites in the Haynesville Shale. Other wells drilled in the Haynesville area show the presence of at least two (2) other potential producing zones, the Bossier and Cotton Valley, which are held by production and available for development should conditions warrant. Hundreds of Haynesville, hundreds of Cotton Valley and several dozen Bossier Shale wells are currently producing in the Haynesville trend area. The development of these royalties is free to Mexco of expenses for drilling, development and operations.
The Haynesville area has been estimated to become the largest gas resource in the United States and the fourth largest in the world subject to realization of technical estimates, according to World Oil in its June 2010 edition. World Oil recognizes DeSoto Parish as one of the top six (6) parishes of Louisiana where the most productive Haynesville wells are located.
"This acquisition represents a significant addition of the natural gas reserves for Mexco and future development potential," said Nicholas C. Taylor, President and CEO of Mexco
Read more: http://www.centredaily.com/2010/08/17/2156727/mexco-energy-corporation-announces.html#ixzz0wxXZBHCY
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Mexco Energy Corp. (MXC) announced that they are purchasing 5,120 acres in the Haynesville shale area of DeSoto Parish, LA. Among the operating companies on the land, include Petrohawk Energy Corp. (HK) and Chesapeake Energy Corp. (CHK). In addition to the 5 horizontal wells already operating on the land, there is an estimate of 59 addition drill sites. Press release below:
Mexco Energy Corporation (MXC) announced the purchase of overriding royalty interests in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for an approximate purchase price of $1.65 million, prior to closing adjustments. Mexco paid $1.46 million in cash and 26,833 shares of its Common Stock. The Company funded the cash portion of the purchase from working capital and primarily from its $5.0 million credit facility. The stock was issued from Mexco's treasury shares.
This acreage currently contains five (5) horizontal wells producing from the Haynesville Shale formation and operated by Petrohawk Operating Company which will operate six of the eight sections. The two remaining sections will be operated by Chesapeake Energy. The Company owns average overriding royalty interests of approximately .28%.
These 5,120 acres contain an additional 59 potential drill sites in the Haynesville Shale. Other wells drilled in the Haynesville area show the presence of at least two (2) other potential producing zones, the Bossier and Cotton Valley, which are held by production and available for development should conditions warrant. Hundreds of Haynesville, hundreds of Cotton Valley and several dozen Bossier Shale wells are currently producing in the Haynesville trend area. The development of these royalties is free to Mexco of expenses for drilling, development and operations.
The Haynesville area has been estimated to become the largest gas resource in the United States and the fourth largest in the world subject to realization of technical estimates, according to World Oil in its June 2010 edition. World Oil recognizes DeSoto Parish as one of the top six (6) parishes of Louisiana where the most productive Haynesville wells are located.
"This acquisition represents a significant addition of the natural gas reserves for Mexco and future development potential," said Nicholas C. Taylor, President and CEO of Mexco
Read more: http://www.centredaily.com/2010/08/17/2156727/mexco-energy-corporation-announces.html#ixzz0wxXZBHCY
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Monday, August 16, 2010
Caddo Parish, LA: Haynesville Shale Update
By Andrea: http://oilshalegas.com
August 16, 2010: Cubic Energy Inc. (QBC) announced the drilling of their third well today in the Haynesville Shale, located in Caddo Parish, Louisiana:
Cubic energy Inc. (QBC) announces today that the Crow 8 No. 1 spud on August 10, 2010 and surface casing was set at 1,925 feet on August 11, 2010. The Crow 8 No. 1 is currently drilling its vertical portion of the well. This well is located in Section 8, Township 14 North ñ Range 15 West in Caddo Parish, Louisiana located in Cubicís Bethany Longstreet acreage. Cubic has a 24% working interest in this well.
Richard Sepulvado, Cubicís Vice President of Exploration and Production states, "This is the third well to be drilled under our existing drilling credit and we look forward to continued development of our Haynesville Shale acreage."
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Companyís oil and gas assets and activity are concentrated primarily in Louisiana and Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
August 16, 2010: Cubic Energy Inc. (QBC) announced the drilling of their third well today in the Haynesville Shale, located in Caddo Parish, Louisiana:
Cubic energy Inc. (QBC) announces today that the Crow 8 No. 1 spud on August 10, 2010 and surface casing was set at 1,925 feet on August 11, 2010. The Crow 8 No. 1 is currently drilling its vertical portion of the well. This well is located in Section 8, Township 14 North ñ Range 15 West in Caddo Parish, Louisiana located in Cubicís Bethany Longstreet acreage. Cubic has a 24% working interest in this well.
Richard Sepulvado, Cubicís Vice President of Exploration and Production states, "This is the third well to be drilled under our existing drilling credit and we look forward to continued development of our Haynesville Shale acreage."
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Companyís oil and gas assets and activity are concentrated primarily in Louisiana and Texas.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Saturday, December 26, 2009
Haynesville Shale Drilling to Increase in 2010
Natural Gas prices have been slowly creeping up in December 2009. The higher prices have been associated with the colder weather that has been hitting the northeast. Natural Gas inventories have been very weak as a result of this.
Comstock Resources Inc. (CRK) announced two weeks ago that they will be increasing their drilling budget in the Haynesville Shale for 2010. With Natural Gas currently around $5.75, I am expecting $7-$8 natural gas in 2010. Comstock has acreage in Desoto Parish Louisiana and East Texas.
Comstock Resources, Inc. Announces 2010 Exploration and Development Budget
Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spend approximately $385.0 million in 2010 for development and exploration activities. Comstock expects to add an additional drilling rig in the second quarter of 2010 to the six rigs which the Company is currently utilizing in its Haynesville shale drilling program.
Full Article Here
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Comstock Resources Inc. (CRK) announced two weeks ago that they will be increasing their drilling budget in the Haynesville Shale for 2010. With Natural Gas currently around $5.75, I am expecting $7-$8 natural gas in 2010. Comstock has acreage in Desoto Parish Louisiana and East Texas.
Comstock Resources, Inc. Announces 2010 Exploration and Development Budget
Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spend approximately $385.0 million in 2010 for development and exploration activities. Comstock expects to add an additional drilling rig in the second quarter of 2010 to the six rigs which the Company is currently utilizing in its Haynesville shale drilling program.
Full Article Here
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Monday, July 13, 2009
Forest Oil FST Haynesville Shale Red River Parish
The Haynesville Shale is alive and dandy despite natural gas prices plummeting. Forest Oil Corp. (FST) has come out today and announced a huge natural gas well as seen below.
Jul. 13, 2009-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced results from its second horizontal well in Red River Parish, Louisiana. The Driver 13-1H (100% WI) produced into the sales line at a rate of 20.3 MMcfe/d with 6500 psi flowing casing pressure in early July 2009. This prolific well was drilled and completed with a horizontal leg of 3,500 feet and a ten stage frac for a total well cost of approximately $9.0 million.
Forest holds approximately 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage. Forest intends to maintain a one-rig drilling program in Red River Parish for the remainder of 2009 and an additional rig in other prospective areas in the play.
H. Craig Clark, President and CEO, stated, “We are very pleased with the results from this Red River well. Our drilling and completion design delivered a well with results which are at the high end of the range for initial production per lateral length and number of frac stages for only $9 million. We intend to further improve costs and efficiencies as we expand upon our drilling effort in the play. Further, we intend to allocate a horizontal development rig to Red River Parish for the foreseeable future to exploit our acreage position. Our second rig will work both Texas and Louisiana properties in the future.
“Forest intends to continue its current horizontal drilling effort in the Haynesville Shale and the Texas Panhandle Granite Wash areas in order to refine its drilling and completion techniques. When costs and commodity prices improve to more attractive levels, Forest intends to deploy a rig count commensurate with its size and scale focused in these areas.”
http://phx.corporate-ir.net/phoenix.zhtml?c=92251&p=irol-newsArticle&ID=1306958&highlight=
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Jul. 13, 2009-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced results from its second horizontal well in Red River Parish, Louisiana. The Driver 13-1H (100% WI) produced into the sales line at a rate of 20.3 MMcfe/d with 6500 psi flowing casing pressure in early July 2009. This prolific well was drilled and completed with a horizontal leg of 3,500 feet and a ten stage frac for a total well cost of approximately $9.0 million.
Forest holds approximately 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage. Forest intends to maintain a one-rig drilling program in Red River Parish for the remainder of 2009 and an additional rig in other prospective areas in the play.
H. Craig Clark, President and CEO, stated, “We are very pleased with the results from this Red River well. Our drilling and completion design delivered a well with results which are at the high end of the range for initial production per lateral length and number of frac stages for only $9 million. We intend to further improve costs and efficiencies as we expand upon our drilling effort in the play. Further, we intend to allocate a horizontal development rig to Red River Parish for the foreseeable future to exploit our acreage position. Our second rig will work both Texas and Louisiana properties in the future.
“Forest intends to continue its current horizontal drilling effort in the Haynesville Shale and the Texas Panhandle Granite Wash areas in order to refine its drilling and completion techniques. When costs and commodity prices improve to more attractive levels, Forest intends to deploy a rig count commensurate with its size and scale focused in these areas.”
http://phx.corporate-ir.net/phoenix.zhtml?c=92251&p=irol-newsArticle&ID=1306958&highlight=
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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
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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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."
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Wednesday, January 28, 2009
Haynesville Shale: Caddo Parish, Louisiana - Cubic Energy
Today, 1/28/09, Cubic Energy ( QBC ) has come out and given an updates on an additional well being drilled in the Haynesville Shale. This well is located in Caddo Parish, LA.
Cubic Energy (QBC) announces today it has accepted a proposal to participate in the horizontal drilling of Chesapeake Energy's ( CHK ) Clingman Acres 11H well. This well is located in the Johnson Branch Field of Caddo Parish, Louisiana, and will be horizontally drilled to a measured depth of 17,000 feet, followed by a Haynesville Shale completion.
The Clingman Acres 11H is located in Section 11, Township 15 North - Range 15 West in Caddo Parish, Louisiana, which is adjacent to the east side of Cubic's Johnson Branch Acreage. Cubic has an estimated 2.8% working interest in the well.
Cubic currently has 12 wells producing in its Johnson Branch acreage, and 10 wells producing in its more southern acreage position of Bethany Longstreet in DeSoto Parish, Louisiana.
Calvin Wallen III, Cubic's President and Chief Executive Officer stated, ``The Clingman Acres 11H will be located on the eastern edge of Cubic's Johnson Branch Acreage. This area has been proven, through Cubic's vertical drilling and Chesapeake's horizontal drilling, to be extremely prolific in the Haynesville Shale. We are very excited to have yet another opportunity for Horizontal Haynesville Shale development.''
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 my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
Cubic Energy (QBC) announces today it has accepted a proposal to participate in the horizontal drilling of Chesapeake Energy's ( CHK ) Clingman Acres 11H well. This well is located in the Johnson Branch Field of Caddo Parish, Louisiana, and will be horizontally drilled to a measured depth of 17,000 feet, followed by a Haynesville Shale completion.
The Clingman Acres 11H is located in Section 11, Township 15 North - Range 15 West in Caddo Parish, Louisiana, which is adjacent to the east side of Cubic's Johnson Branch Acreage. Cubic has an estimated 2.8% working interest in the well.
Cubic currently has 12 wells producing in its Johnson Branch acreage, and 10 wells producing in its more southern acreage position of Bethany Longstreet in DeSoto Parish, Louisiana.
Calvin Wallen III, Cubic's President and Chief Executive Officer stated, ``The Clingman Acres 11H will be located on the eastern edge of Cubic's Johnson Branch Acreage. This area has been proven, through Cubic's vertical drilling and Chesapeake's horizontal drilling, to be extremely prolific in the Haynesville Shale. We are very excited to have yet another opportunity for Horizontal Haynesville Shale development.''
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 my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
Wednesday, January 7, 2009
Haynesville Shale: Caddo Parish, Louisiana Goodrich Petroleum GDP Well
Goodrich Petroleum ( GDP ) has announced a completion of a new Haynesville Shale well in Caddo Parish Louisiana. 14.5 MMcf's!
GDP has completed its initial horizontal Haynesville Shale well, the Chesapeake Energy Corporation-operated Holland 17H-1, which tested at a rate of approximately 14.5 MMcf per day on a 24/64 inch choke with 6,000 psi. The well, which was drilled to 16,200 feet, had a horizontal displacement of approximately 4,400 feet (3,800 feet cased), and is located in the Company's Bethany-Longstreet area in Caddo Parish, Louisiana. Goodrich owns a 50% working interest in the well, Chesapeake owns 40% and Plains Exploration & Production Company owns 10%.
ANGELINA RIVER TREND
The Company has completed its Estes 2H (100% WI), a James Lime horizontal well on its Cotton South prospect area, which tested at 7.0 MMcf per day on a 35/64 inch choke with 1,500 psi.
http://phoenix.corporate-ir.net/phoenix.zhtml?c=83169&p=irol-newsArticle&ID=1240683&highlight
http://blackberrystocks.blogspot.com/
GDP has completed its initial horizontal Haynesville Shale well, the Chesapeake Energy Corporation-operated Holland 17H-1, which tested at a rate of approximately 14.5 MMcf per day on a 24/64 inch choke with 6,000 psi. The well, which was drilled to 16,200 feet, had a horizontal displacement of approximately 4,400 feet (3,800 feet cased), and is located in the Company's Bethany-Longstreet area in Caddo Parish, Louisiana. Goodrich owns a 50% working interest in the well, Chesapeake owns 40% and Plains Exploration & Production Company owns 10%.
ANGELINA RIVER TREND
The Company has completed its Estes 2H (100% WI), a James Lime horizontal well on its Cotton South prospect area, which tested at 7.0 MMcf per day on a 35/64 inch choke with 1,500 psi.
http://phoenix.corporate-ir.net/phoenix.zhtml?c=83169&p=irol-newsArticle&ID=1240683&highlight
http://blackberrystocks.blogspot.com/
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