Drilling activity in the Marcellus Shale has died down but is still out there. The recent drop in natural gas prices have put pressure on profit margins. Below is a Marcellus Shale update for 5/18/09
ENTRY INTO MARCELLUS AND DEEP TEST WELL COMPLETED IN NEW YORK
UNBRIDLED ENERGY CORP ( UNEFF ) announces it has successfully drilled the stratigraphic test well on its Chautauqua Lake acreage in western New York. The well was drilled, cored and logged to a total depth of 7,300’ as planned.
This well, drilled in conjunction with New York State Energy Research and Development Authority (NYSERDA) was an effort to test the potential of several deep horizons in the area. The exact well location was determined using 2-D seismic. The data from the logs and core is currently being evaluated.
http://www.unbridledenergy.com/news/article.aspx?id=92
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Welcome to my blog! This shale blog is meant for people interested in keeping up on the latest shale news across the USA & Canada. With higher oil and natural gas prices, discovering have been on fire. The Eagle Ford Shale, Haynesville Shale, Bakken Shale, Niobrara Shale, and the Marcellus Shale have really produced giant wells and the interest keeps coming. Mineral rights leases are doing incredible!
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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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