McKenzie County, ND - Bakken Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their McKenzie County North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Dunn County, North Dakota Bakken Shale

By Tim - http://oilshalegas.com

November 8, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their Dunn County, North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Bakken Shale - Kodiak Oil & Gas (KOG)

By Tim - http://oilshalegas.com

November 6, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on the Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Continental Resources (CLR) - Bakken Shale

By Tim - http://oilshalegas.com

November 6, 2011 - Continental Resources, Inc. (NYSE:CLR) recently gave an update on the Bakken Shale and Three Forks Play. Continental Resources, Inc. (CLR) is the leader in the Bakken Formation with over 900,000 acres of mineral rights leases.

The Company successfully completed the Charlotte 2-22H (91% WI) in McKenzie County, North Dakota, in October 2011, with the well producing 1,140 gross Boepd in its initial one-day test period. This is the Company's first horizontal test of a deeper bench in the Three Forks formation.

In terms of Company-operated wells, Continental completed 46 gross (24.5 net) wells in the Bakken in the third quarter. Average initial one-day test period production was 1,096 Boepd for the Company's operated wells in the third quarter. The Company currently has 45 gross operated wells in various stages of completion. Of these, 20 are scheduled to be fracture-stimulated, and 25 have been fracked and are being readied to go into production.

Shale News

OilShaleGas.com

EOG Resources, Inc. (EOG): Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

August, 2010: EOG Resources announced an aggressive look to the future for drilling wells in the Eagle Ford Shale:

To date, we drilled and completed 31 wells in the Eagle Ford. We currently have 25 wells waiting on completion, which will contribute to the second half oil growth this year. We're currently running five rigs and we'll ramp up to 12 by year end.

One measure of the intensity of our future Eagle Ford development is that we plan to drill 245 gross wells in 2011 compared to 111 wells this year.

For more shale updates, visit: http://blackberrystocks.blogspot.com



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New Albany Shale in Indiana: Atlas Energy Inc.(ATLS)

By Andrea: http://oilshalegas.com

Rich Weber, president and COO of Atlas Energy Inc. (ATLS) reports that they are funding at $150 million program to support the New Albany Shale:

"...we have begun marketing our $150 million spring program and expect to break escrow in the next few weeks. This program will primarily fund development in the New Albany Shale where we continue to achieve results that are consistent with the expectation of average initial daily production of 300,000 cubic feet per horizontal well. Drilling and completion costs continue to average approximately $800,000 per well and we have plans to drill at least 100 wells this year for our programs."

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Conoco Phillips (COP): Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Conoco Phillips (COP) released an update on the Eagle Ford Shale. They are showing an optimistic outlook for rest of 2010 in Eagle Ford Shale :

Year-to-date, we've drilled 13 and completed seven wells at Eagle Ford and are optimistic about this deal’s potential to support future production and returns growth. We’ve got six rigs drilling in the area, plan to have as many as 12 by year end, in current production of about 7,000 BOE per day. Our APLNG project is targeting FID by the end of 2010.

So looking at Eagle Ford, we're seeing of the 13 wells we’ve drilled and the seven we've completed, we're seeing IP rates anywhere in the range of, let's say, between 1,500 to 2,500 BOE per day. We do have some that are on the higher side of that where we’ve got gas being produced. I guess our best well is around close to six MCF a day and oil is 1,600 BOE per day. So you’ve got an MMcf per day of close to 16. But I would say on an MCF or a BOE per day, on a BOE per day basis, we're seeing something around 2 at Eagle Ford

For more shale updates, visit: http://blackberrystocks.blogspot.com

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DeSoto Parish, LA: Haynesville Shale

By Andrea: http://oilshalegas.com

Chesapeake Energy Corp. (CHK) released an update on the Haynesville Shale during their 2Q 2010 Earnings Call. Chesapeake Energy completed the 3 following new wells in the Haynesville Shale:

-The Sloan H-1 in DeSoto Parish, LA achieved a peak 24-hour rate of 22.2 mmcf per day;

-The Brasch Family H-1 in DeSoto Parish, LA achieved a peak 24-hour rate of 22.0 mmcf per day; and

-The Wren H-1 in DeSoto Parish, LA achieved a peak 24-hour rate of 21.6 mmcf per day.

For more shale updates visit: http://blackberrystocks.blogspot.com

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Susquehanna County, PA: Marcellus Shale

By Andrea: http://oilshalegas.com

Chesapeake Energy Corp. (CHK) released an update on the Marcellus Shale early last week. Chesapeake completed the 3 following wells in the Marcellus Shale:

-The Mowry 1H in Bradford County, PA achieved a peak 24-hour rate of 9.9 million cubic feet of natural gas (mmcf) per day;

-The Przybyszewski 4H in Susquehanna County, PA achieved a peak 24-hour rate of 9.7 mmcf per day; and

-The White 2H in Susquehanna County, PA achieved a peak 24-hour rate of 9.0 mmcf per day.

For more shale updates visit: http://blackberrystocks.blogspot.com

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Haynesville Shale: New Petrohawk Energy ( HK ) Well hitting 17 MCF per day

Petrohawk Energy ( HK ) came out with an operational update 10/21/08 regarding its Haynesville Shale formation and its new shale discovery, Eagle Ford Shale in South Texas.

Petrohawk's third operated well in the Haynesville Shale, the Hunt Plywood 36 #11H (100% WI), located in Section 36, Township 15 North, Range 13 West, was placed on production at a rate of approximately 17.0 Mmcfe/d, on a 22/64" choke with 7,225 pounds flowing casing pressure. The well has averaged 15.4 Mmfe/d over the first 30 days of production.
The Company's first operated Haynesville Shale well, the Elm Grove Plantation (EGP) #63H, has produced for approximately 100 days and has averaged 8.8 Mmcfe/d over this period. Petrohawk's second operated well, the Hutchinson 9 #5H, has been on production for approximately 67 days and has averaged 14.6 Mmcfe/d over that time period. Several additional Haynesville Shale wells are currently being completed.

The Company has instituted a "pre-drill", or spudder rig, program in the Haynesville Shale designed to accelerate the pace of drilling. Ten operated horizontal rigs are currently drilling in the play as well as five spudder rigs. Petrohawk expects to exit 2008 with twelve operated horizontal rigs drilling in the play. To date, the Company has drilled through the Haynesville Shale in a total of 16 wells. The added well control has shown the Shale to be consistently thick and with excellent reservoir quality in all of these wells. With the drilling program currently in place, Petrohawk estimates that approximately 18 wells will be on production prior to the end of the fourth quarter out of a total of 26 wells drilled through the Shale section by the end of the year.

In addition to Haynesville Shale activities in Northwest Louisiana, Petrohawk will begin testing Haynesville and Bossier Shale prospects in Shelby County, Texas, with initial results expected before year end. Two operated rigs will be dedicated to this program during the fourth quarter. Drilling activity will also initiate on acreage included in the previously announced Joint Venture with EOG Resources in Nacogdoches County during the fourth quarter. Three rigs are expected to be operating within this joint venture area, targeting the Haynesville Shale as well as James Lime and Travis Peak formations.

Utica Shale Update - Gastem St Jean Well

This is the most recent news I have heard in regarding or drilling activity in the Utica Shale which is located in Quebec.

Gastem (TSX VENTURE:GMR) is pleased to announce that drilling is underway on Questerre et al #1 Saint-Jean-sur-Richelieu test well in the St. Lawrence Lowlands. Gastem holds a 20% working interest on this permit and Questerre is Operator with an 80% working interest.The St-Jean North permit, 54,000 gross acres, was obtained by Questerre in 2007 from a third party and Gastem, as a result of a previous agreement with Questerre, has a 20% participating interest.

The St-Jean North permit is adjacent to Gastem's 50% owned St-Jean Block, comprising 198,000 gross acres.

http://oilshalegas.com

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