Butler County, PA - Utica Shale - Rex Energy (REXX)

By Tim - http://oilshalegas.com

November 8, 2011 - Rex Energy (REXX) recently gave an update on their Butler County, PA Utica Shale acreage. The Utica Shale is an oil field in Ohio and a Natural Gas Field in Pennsylvania.

In Butler County, we have also completed our first horizontal Utica Shale test well, the Cheeseman #1H. The well flowed at a 24-hour test rate of 9.2 million cubic feet of dry gas per day. The well is currently shut in and is expected to be placed in service in January of 2012

Shale News

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Guizhou, Shanxi, Anhui and Zhejiang China Shale Gas

By Tim - http://oilshalegas.com

China is set to auction off six shale gas blocks in November 2010. China wants to exploit shale gas in an effort to scale back it's coal use which pollutes the country. The country currently has a small production of oil shale and natural gas shale.

While in the early stages of shale production, China is said to be sitting on as much as 25 trillion cubic feet (TCF's) of natural gas from shale

China will auction blocks off in Guizhou, Shanxi, Anhui and Zhejiang provinces.

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Montney Shale Formation Update: British Columbia Canada

By Tim - http://oilshalegas.com

Canadian Spirit Resources Inc. (CSPUF.PK) has recently updated shareholders on the Montney Shale located in British Columbia, Canada.

The joint venture increased its Montney rights from 47 sections to 51 sections (gross). CSRI now has approximately 30 net sections of Montney rights in the Farrell Creek area of northeastern British Columbia.

The Operator, Canbriam Energy BC Partnership ("Canbriam"), continues to progress with the $49.0 million (gross) capital program for 2010.

The c-A48-I well was stimulated in the lower portion of the Montney Formation. With only two stages flowing, the well had an initial production rate of 3.5 mmcf/d, and a stabilized rate of 2.0 mmcf/d over a seven day period.

An additional upper Montney horizontal leg will also be drilled and completed from the existing wellbore at c-A48-I by year-end.

The first of two horizontal wells targeting the upper portion of the Montney Formation has been drilled and cased from the c-18-I pad. A second well, from the same pad, is currently being drilled. It is expected that this second well will be drilled and cased by the end of September, with both wells to be stimulated in October.

A gas facility is expected to be commissioned during the fourth quarter of 2010. It will have an initial capacity of 10 mmcf/d and will be scalable to 50 mmcf/d.

Full Article

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EOG Resources, Inc. (EOG) Marcellus Shale Joint Venture?

By Andrea - http://oilshalegas.com


Based on their 2010 Earnings call, EOG Resources, Inc. (EOG) is strongly considering a JV opportunity in the Marcellus Shale. While the venture is not yet a definite, CEO Marc Papa claims to have an answer by the end of the year:

"The one that's on a bit faster track is the Marcellus, and we will be looking at an organized approach to screen interested parties to look and see if we can bring someone in there. And so I would say, the Marcellus, by year end, we should have an answer as to: Are we going to do one? And if so, what are the terms?"


EOG Resources, Inc. (EOG) currently has about 230,000 net acres primarily in Pennsylvania in the Marcellus Shale, and primarily in North Western Pennsylvania in the Marcellus Shale.


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Bradford County, PA - Marcellus Shale

By Andrea - http://oilshalegas.com

Recently, Chesapeake Energy Corporation (CHK) gave an update on the Marcellus Shale in Bradford County, PA.

Below is a list of drilling activities in Bradford County, PA

Marcellus Shale (West Virginia, Pennsylvania and New York):With approximately 1.5 million net acres, Chesapeake is the largest leasehold owner in the Marcellus Shale play that spans from northern West Virginia across much of Pennsylvania into southern New York. On its Marcellus leasehold, Chesapeake estimates it has approximately 26 tcfe of risked unproved resources and 66 tcfe of unrisked unproved resources.

During the 2010 first quarter, Chesapeake's average daily net production of 65 mmcfe in the Marcellus increased approximately 40% over the 2009 fourth quarter and approximately 815% over the 2009 first quarter. Chesapeake is currently producing approximately 100 mmcfe net per day from the Marcellus. Chesapeake is currently drilling with 24 operated rigs in the Marcellus and anticipates operating an average of approximately 31 rigs in 2010 to drill approximately 170 net wells. During the 2010 first quarter, approximately $90 million of Chesapeake's drilling costs in the Marcellus were paid for by its joint venture partner Statoil (NYSE:STO, OSE:STL). From April 2010 through 2012, 75% of Chesapeake's drilling costs in the Marcellus, or approximately $1.9 billion, will be paid for by STO.

Three notable recent wells completed by Chesapeake in the Marcellus are as follows:

- The James Barrett 2H in Bradford County, PA achieved a peak 24-hour rate of 12.7 million cubic feet of natural gas (mmcf) per day;

- The James Barrett 1H in Bradford County, PA achieved a peak 24-hour rate of 11.8 mmcf per day;

- The Strom 1H in Bradford County, PA achieved a peak 24-hour rate of 8.2 mmcf per day.

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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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Marcellus Shale - Bradford, Tioga, Lycoming, Potter, Clinton PA

The Marcellus Shale is growing fast as we enter 2010. Natural Gas driller Ultra Petroleum Corp. (UPL) announced earlier this week that the company will be expanding in Northern Pennsylvania soon.

Ultra Petroleum Corp. (NYSE: UPL) today announced that it has signed a purchase and sale agreement to acquire approximately 80,000 (net) acres in the Pennsylvania Marcellus Shale, from a private company. Following the acquisition, Ultra Petroleum will hold approximately 250,000 net acres in this region, with the potential for 1,800 net drilling locations. Ultra Petroleum expects to pay roughly $400.0 million for the assets which will be financed using debt.

The company started 2009 with 288,000 gross (152,000 net) acres in the Marcellus. Through a combination of land acquisitions and swaps, including today’s announcement, Ultra Petroleum has added over 192,000 gross acres, nearly doubling its position to approximately 480,000 gross (250,000 net) acres. The company’s expanding core position is concentrated around Tioga, Bradford, Lycoming, Potter, Clinton and Centre counties in north central Pennsylvania.

Link - http://www.ultrapetroleum.com/pressreleases/12212009.pdf


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New Brunswick Shale - Apache Corp APA - Frederick Brooke Shale

Corridor Resources Inc (TSX:CDH) recently announced that they will enter into a farmout agreement with Apache Canada Ltd ( parent company Apache Corp. ). to tap test the Frederick Brooke Shale in southern New Brunswick, Canada.

December 7, 2009

Corridor Resources Inc. ("Corridor") announced today that it has entered into a farmout and option agreement ("Agreement") with Apache Canada Ltd. ("Apache") to appraise and potentially develop oil and natural gas resources in southern New Brunswick. Under the terms of the Agreement, Apache has committed to conduct an appraisal program consisting of any combination of seismic, drilling, fracturing, testing and completing or abandoning one or more horizontal or vertical oil, gas and/or shale gas wells. The program is to be conducted over the next 18 months at a cost of not less than $25 million and is intended to evaluate the commercial potential of natural gas development in the Frederick Brook shale formation and light oil development at the recent Caledonia oil discovery. Upon completion of this program, Apache will have earned a 50% working interest in the spacing units drilled.

Other Natural Gas Shale Fields in Canada: Horn River Shale - Montney Shale - Utica Shale

http://www.corridor.ca/media/2009-press-releases/20091207.html

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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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Haynesville Shale March 16, 2009 3/16/09 - Update

This morning, 3/16/09, Mainland Resources ( MNLU ) has come out an updated investors on one of the wells they are drilling in the Haynesville Shale.

Mainland Resources ( MNLU ) reports that management has received detailed data readings from its Griffith 11 #1 well provided by the operator showing total well flow through March 10, 2009. The Griffith 11 #1 well located in Desoto Parish, Louisiana was completed and brought online in January 2009. The exact reading for total gas produced from the Haynesville shale and shipped to market through March 10, 2009 is reported at 568,856 MCF or .568 BCF.

Mainland Resources, Inc. holds a 40% working interest in the well and all future development in the Haynesville formation covering approximately 2695 net acres on its leases, which are located in northwest Louisiana.

The Haynesville Shale play is a new play less than one year old and there is limited data to work with to determine the decline rate for Haynesville Shale wells. The Company believes that the recoverable reserves for the Griffith well may ultimately be from 7.5 BCF to 15.81 BCF. The 15.81 BCF rate was determined by a reserve report for the Griffith #1 done by T.W. McQuire & Associates, Inc., prepared pursuant to U.S. Securities legislation. The ultimate recovery was determined by using a type curve that uses 80% decline for the first year, followed by 30% decline for the second year, 15% decline for the third year, and then a 10% decline over the remaining expected life of the well. This decline was derived from the Deutsche Bank report issued in 7/08 based on a study of various shale plays.

Mainland plans to participate in their second Haynesville well in Desoto Parish in May 2009. The third well on the Companys’ leases is on schedule to spud in August 2009.

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Utica Shale: Junex JNX 2009 Update - Natural Gas

Junex ( CVE: JNX ) has come out today, 2/24/09, and updated investors on the Utica Shale well they are drilling with partner Forest Oil ( FST ).

Forest drilled and completed the first three horizontal Utica Shale wells in Quebec's St. Lawrence Lowlands, which were successfully cased and fracture stimulated in four stages with rates ranging from 100 - 800 Mcf/d. Frac load flowback was incomplete due to the lack of coiled tubing units in the area. Forest expects to continue to test its wells after the winter season is over. Although sustained rates were not as high as anticipated, the tests have allowed Forest to identify the section of the shale it intends to target in future test wells. Each of the wells were tested in different sections of the Utica Shale with an objective of gathering data on productivity to allow optimization of future completions. Furthermore, Forest proved the ability to successfully drill the wells horizontally and pump multi-stage slickwater frac jobs without major operational issues."

"We are quite excited that our partner is perseverant in its efforts and remains committed to the Utica Shale Gas project. The three wells drilled in 2008 are the first horizontal wells to be drilled and fracture stimulated in the Utica Shale in Quebec. Considering that the Lowlands shale gas play is at its earliest stage of development, we fully expect to learn and build upon the results from these few first wells to develop the best drilling and completion recipes for the Utica Shale" said Junex's president, Mr. Jean-Yves Lavoie, P. Eng. "Furthermore, the results of the Champlain #1H horizontal well, coupled with the results of Junex's St-Augustin-de-Desmaures #1 well drilled near Quebec City last year, demonstrate the shale gas potential of Junex's 100%-held north shore acreage along the pipeline corridor between the two areas."

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Haynesville Shale: DeSoto Parish 2009 Update

St Mary Land and Exploration ( SM ) has come out with an operational update on their first Haynesville Shale well drilled in Desoto Parish Louisiana.

In the Haynesville shale, St. Mary has reached total depth on it first operated horizontal Haynesville well. The Johnson Trust 1-2 well (SM 90% WI), located in the Spider Field in De Soto Parish, Louisiana, was drilled to an approximate measured depth of 15,100 feet and has a lateral length of roughly 3,300 feet. The well is scheduled to be completed in early March due to a delay related to the sourcing of proppant after the Company revised its original stimulation design. St. Mary’s current completion design calls for a ten stage, slick water fracture stimulation using slightly under three million pounds of premium resin coated sand. The next planned well in the Haynesville is expected to be in Shelby County, Texas, where the Company has a sizable acreage position. St. Mary has approximately 50,000 net acres that are prospective for the Haynesville shale in East Texas and northern Louisiana.

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http://www.stmaryland.com/news/news.cfm?archive=0&ID=206

Haynesville Shale: XTO Energy 2009 Panola County

XTO Energy has come out with earnings today, 2/19/09, and updated investors on its haynesville shale operations. XTO talks about its East Texas properties below.

From Seeking Alpa

We drilled first Haynesville shale well in western Panola County, the New Horizon's number one that came in at 8.5 million a day, that is not an IP, that well averaged over 8 million a day for the first 15 days. It's currently offline because of the DCP Cartage flat (ph) issue, should be back up next week.

We believe that well from the way we're choking and holding our performance would have made over 8 million a day for the first month. If you look at the Haynesville wells you are seeing some that have 15 million a day, first month, you are seeing a lot that are 45 million a day first month sales. So, I would say this well as far west as it is, averaging 8 million a day is a good precursor for where our acreage is going to be plenty good on the Texas side

And last but not least, we have had an extension area of south of Bald Prairie and Robertson County that we have been working on for two or three years, have increased our position here to almost 80,000 net acres and have started in earnest to drill development wells down there and had two wells coming at 6 million a day in the quarter from the land and Bossier and that gives us lot of hope and belief that area will pan out to be a major growth area, of course in future.

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Barnett Shale: Devon Energy DVN February 2009

Devon Energy came out with 4th Quarter earnings and gave an update on the Barnett Shale in Texas.

( From Seeking Alpha )

Moving now to our fourth quarter operating highlights, starting with the Barnett Shale field in North Texas, we are continuing running 23 Devon operated rigs compared with a peak of 39 rigs in the fourth quarter. This curtailment in activity is reflected in our average fourth quarter net production of 1.17 Bcf equivalent per day. This was up 4% over the third quarter and up 25% over the fourth quarter of 2007.

Looking forward in 2009, we plan to invest about 750 million of capital in the Barnett and drill over 200 operated wells. We plan to decrease the number of operated rigs to 8 and we'll focus primarily on the continuing success of our 1000 foot and 500 foot offset infill programs.

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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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Marcellus Shale: Anadarko APC Marcellus Shale Update

Anadarko Petroleum ( APC ) came out with earnings 2/2/09 and reported an update on the Marcellus Shale:

In 2008, Anadarko’s U.S. onshore exploration program continued to show positive results in
the Marcellus, Haynesville and Maverick Basin shale plays. The company completed its first Marcellus Shale horizontal well, testing approximately 4.5 million cubic feet of natural gas per day. A second horizontal test is currently being completed with two additional tests in various stages of drilling.

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Woodford Shale: Newfield Exploration NFX 2009

Newfield Exploration ( NFX ) has come out and given an operational update on the Woodford Shale located in Oklahoma.

The Woodford Shale, located in the Arkoma Basin of southeastern Oklahoma, was Newfield's largest investment region in 2008 and will remain so in 2009. Total Woodford production in 2008 increased 65% over 2007 volumes. Gross operated production from the Woodford in early December exceeded the Company's year-end goal of 250 MMcfe/d. Due to longer lateral completions and efficiency gains, Newfield expects to grow its 2009 Woodford production by about 30%, despite running fewer operated rigs.

"The positive benefits of moving from the 'hold the ground' phase in the Woodford to development mode in 2008 is obvious from the improvement in our finding costs in the Mid-Continent," said Lee K. Boothby, Newfield Senior Vice President. "Our drilling and completion costs in 2008, stated on a lateral foot basis, were 38% lower than in 2007. We have drilled about 250 horizontal wells to date and our lateral lengths continue to grow. We now expect that our average lateral length in 2009 will be about 5,000', compared to just 2,428' in 2007 and 4,436' in 2008. This should result in higher initial production rates, greater recoveries per well and improved finding cost metrics."

http://phx.corporate-ir.net/phoenix.zhtml?c=63798&p=irol-newsArticle&ID=1250144&highlight=

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Woodford Shale: PQ Petroquest 2009

Petroquest Energy released earnings this morning and gave investors an operational update on how the Woodford Shale is going. January 29, 2009

As previously announced, the Company completed two operated horizontal wells in the Woodford Shale during October 2008. The Company recently completed three additional operated horizontal wells during the fourth quarter of 2008. The following is a summary of the results:

In addition to the above completions, the Company initiated completion operations on its 7,057 foot extended lateral well. After conducting two stages of the completion, the wellbore encountered mechanical problems. The Company has repaired the wellbore and the first two stages began producing at rates as high as 3,695 Mcf. The Company plans to conduct the remaining 16 stages of the completion during 2009. The Company estimates that its current net production from its Oklahoma properties is approximately 40 MMcfe per day.

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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.

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Marcellus Shale: Marion West Virginia TENG 4th Well

Trans Energy ( TENG ) has announced this week that they have completed their 4th Vertical Well in the Marcellus Shale - Natural Gas Field. This latest Marcellus Shale well was drilled in Marion County, West Virginia.

Trans Energy, Inc. (OTC BB: TENG) announced today that its Blackshere #101 well in Marion County, West Virginia was successfully fraced on December 29th and is currently awaiting connection to a sales line. The Blackshere #101 is completed in the Marcellus shale, a prolific new “resource play” in Appalachia, similar to the Barnett, Fayetteville and Haynesville shales which have grown to become a significant base of hydrocarbon reserves in the United States.

James K. Abcouwer, President and CEO of Trans Energy, said “This fourth Marcellus well is located in Marion County which is the county to the east of our existing Marcellus wells and is a step out of what we consider our proven area. We are delighted with its initial indications. We are optimistic that the positive results from our three vertical wells in Wetzel County and now with our most recent completion in Marion County can be replicated throughout our acreage position in northern West Virginia. We’re now beginning a horizontal well program in yet another significant step forward for Trans Energy to properly develop its acreage position. We’re pleased to have achieved this sizeable acreage position centered on the Wetzel-Marion-Doddridge Counties area, which looks to be one of the most – if not the most – prolific part of the Marcellus resource in Appalachia.”

http://www.transenergyinc.com/pr/131.html

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