Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
October, 2008
Photo Credit: AubreyJ.........
Wells of Past, 1967 - Grandfather’s Farm - Red Shute Plantation
Bossier Parish
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Thursday, October 30, 2008
Let’s get started off with this article posted on the Shreveport Times website, early Wednesday morning, Oct. 29th. It starts off like this... Don't blame Bossier City if you see a "help wanted" sign in its window... Energy companies moving to the Shreveport area to drill the Haynesville Shale are offering a lot of money to local workers, so much so that Bossier City is worried it won't be able to match... "I suspect that's what's going on," Mark Hudson, Bossier City engineer, said of younger workers who recently left city government. "I know once drilling gets up and running with the Haynesville Shale, we're going to lose more to that industry."... Bossier City does not officially track where employees go after leaving its employment, but Hudson said he thinks a handful of workers already have left for natural gas companies, with more to come...
Read this article in full at link below...
Drilling companies vie for local workers - Bossier City says better pay luring away younger employees
* EarthTimes.org... had this report posted today, Thursday, October 30, 2008...
Flotek Industries, Inc. Announces Third Quarter 2008 Results
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* IStockAnalyst.com... had this report posted today, Thursday, October 30, 2008...
Southern Star Energy Spuds Second Haynesville Test Well; Company's Natural Gas Production Growing
* RedOrbot.com... Report posted Thursday evening, Oct. 30, 2008...
Chesapeake Energy Corporation Reports Financial and Operational Results for the 2008 Third Quarter
* MarketWatch.com... This report posted Wednesday, Oct. 29th...
Cabot Oil & Gas Provides Operations Update, Establishes 2009 Plans
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* MarketWatch.com... This report also posted Wednesday, Oct. 29th...
Penn Virginia Corporation Provides Third Quarter 2008 Oil and Gas Operational Update - Record Quarterly Production Continued Lower Bossier (Haynesville) Shale and Granite Wash Successes
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* SeekingAlpha.com... Following Transcript posted Wednesday, Oct. 29th--
Encore Acquisition Company, Q3 2008 Earnings Call Transcript
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* SeekingAlpha.com... Following Transcript posted Monday, Oct. 27th--
Boardwalk Pipeline Partners, LP Q3 2008 Earnings Call Transcript
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* ShreveportTimes.com... This article posted Sunday, Oct. 26th-- It starts off like this... On a Tuesday night in October, the line to get into Fort Worth City Hall was out the door... The fire marshal ordered police to cut off access to the council chambers because capacity had been reached, and the mayor held up a stack of comment cards a phone book thick... "There will be no attacks on any member of this dais," Fort Worth Mayor Michael Moncrief told the audience. "Above all we are going to be civil."... The topic: natural gas drilling in urban Fort Worth, a city of about 640,000 people...The city was the first in America to have had a major natural gas deposit discovered right under the heart of its city limits. The second? Shreveport, with the news-making Haynesville Shale under the city boundaries and covering most of northwest Louisiana... The announcement of the Haynesville Shale "play" earlier this year — experts say it is the largest natural gas discovery in the United States — thrust Shreveport and the region into a frenzy of mineral rights negotiations and property leasing, bonus payments, new drilling rigs and visions of wealth for individuals and governments, not to mention the energy companies involved... But Fort Worth witnessed its own shale frenzy — the Barnett Shale — years before Shreveport did. Fort Worth saw its first permit for a natural gas rig inside the city limits in 2001. Only seven years later, more than 1,200 natural gas wells have been drilled inside Fort Worth, with estimates of 3,000 or more by the time the drilling boom is finally over...
Read this article in full at link below...
Fort Worth’s experience may offer lessons
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* MarshallNewsMessenger.com... This article from Saturday, Oct. 25th-- Drilling in the Haynesville Shale has brought "a tremendous economic boom to the area," Harrison County Judge Richard Anderson said... And, he added, there has also been "a lot of increase in drilling activity in Cotton Valley wells, which are one layer above Haynesville Shale."... Anderson was guest speaker at a recent Marshall Lions Club meeting... And while an increase in oil and gas activity is good news for the county and property owners in the form of higher taxes and hefty royalties, "our roads are taking a beating," the judge said. "We have 742 miles of county roads. They are not designed to the same standards as Texas highways."...
Read the rest at link below...
Anderson addresses Haynesville Shale boom
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* DallasNews.com... This article posted on Oct. 25th-- It starts off like this... The party in the Barnett Shale is winding down... With natural gas prices half what they were earlier this year, production companies called a cease-fire in the bidding war for land leases, and some are rolling their drilling rigs to newer, hotter fields elsewhere... "We had an unprecedented and phenomenal run-up in gas prices, which I think led to a lot of exuberance, particularly in the Barnett Shale," said Roy Patton, senior vice president of commercial operations for the pipeline company Energy Transfer Partners... "Is it winding down from the exuberant place it was last year? Yes."... For North Texas, this means one of the region's important buffers against a national recession has thinned. Lower natural gas prices mean smaller royalty checks, shrunken leasing bonuses and fewer rigs, leading to smaller tax receipts and fewer jobs...
Read the rest at link below...
As the Barnett Shale's production peaks, economic factors weigh heavily on its future
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* MineralWellsIndex.com... This article posted on Oct. 25th-- It goes in part like this...
...Attention to another shale has also affected local Barnett Shale activity. The Haynesville Shale, centered under Shreveport, La., has several companies moving to East Texas and Louisiana... The Shreveport Times announced it is presenting the first Haynesville Shale Expo on Nov. 21 to “educate the public on the potential effects of the natural gas discovery.” Also presenting with The Times are Chesapeake Energy, Devon Energy, EnCana Energy, Petrohawk Energy and XTO Energy... Wharton said he has not expanded into Louisiana, “but it’s under serious consideration. The problem is, they’ll be backing off drilling there too [because of the natural gas price].”...
Read the full article at link below...
The Mineral Wells area could soon begin to feel the effects of a slowdown in natural gas drilling
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* MarshallNewsMessenger.com... This article from Saturday, Oct. 25th-- Drilling in the Haynesville Shale has brought "a tremendous economic boom to the area," Harrison County Judge Richard Anderson said... And, he added, there has also been "a lot of increase in drilling activity in Cotton Valley wells, which are one layer above Haynesville Shale."... Anderson was guest speaker at a recent Marshall Lions Club meeting... And while an increase in oil and gas activity is good news for the county and property owners in the form of higher taxes and hefty royalties, "our roads are taking a beating," the judge said. "We have 742 miles of county roads. They are not designed to the same standards as Texas highways."...
Read the rest at link below...
Anderson addresses Haynesville Shale boom
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* KSLA.com... From Oct. 24th-- Here’s a report/News Video you’ll want to click out and it starts off like this... It's been a week of big highs and big lows involving the Haynesville Shale. Thursday (10/23), we revealed secretly recorded lease negotiations showing the tactics used by some landmen... The bright side this week: Checks from Chesapeake Energy arrived for all those Keithville property owners we've been following since our initial story on them last week...
Click out the rest at link below...
Haynesville Shale: A week of the good, the bad and the ugly
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* KSLA.com... From Oct. 23rd-- Here’s another KSLA report/News Video you’ll want to click out and it starts off like this.... Caught on tape: What some call the 'darker side' of the Haynesville Shale. Secretly recorded negotiations for mineral rights show the tactics some landmen use to get someone to sign on the dotted line... There's a battle of wills taking place right now in parts of the Ark-La-Tex. It pits property owners who want the most money for their mineral rights versus leasing agencies and their landmen trying to make a buck...
Click out the rest at link below...
Caught on tape: Secretly recorded mineral lease negotiations
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* KSLA.com... From Oct. 22nd-- You’ll want to click out this KSLA report/News Video too and it starts off like this... Oil prices will rise again, warned oil and gas baron T. Boone Pickens. He made a stop in Shreveport Wednesday morning for a town hall meeting to unveil his energy plan to local residents... That plan calls on using natural gas, lots of it, instead of foreign oil. It's a perfect fit locally considering the Haynesville Shale...
Click out the rest at link below...
Oil baron T. Boone Pickens pitches energy plan
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...NOTE: I support, in part, the ‘PickensPlan’. But I fully support Senator John McCain’s energy plan and that would be an ‘All Of The Above Energy Solution’.
> Be sure to watch T. Boone Pickens who was on CBS 60 Minutes last Sunday, Oct. 26, 2008 HERE
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* ShreveportTimes.com... This article posted Oct. 22nd--
Deadline near for Shale Expo luncheon RSVP
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* SeekingAlpha.com... This transcript posted Oct. 22nd--
EnCana Corp. Q3 2008 Earnings Conference Call Transcript
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* I found this article posted on the Star-Telegram.com website back on Oct. 21st. It starts off like this... Titan Operating became the latest natural gas company to suspend its leasing activities, putting contract signings with the big Bedford-Colleyville Mineral Rights Coalition on hold — but not before signing an additional 550 property owners Saturday... Chesapeake Energy, Vantage Energy and XTO Energy last week either called a halt to Barnett Shale leasing or said they would proceed only under sharply reduced financial terms. The moves follow a 50 percent decline in natural gas prices since July and a tight credit market...
Read the rest at link below...
Another big neighborhood group sees its gas leasing put on hold
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* PR.com... This Press Release posted Oct. 21st...
American Right of Way Associates Opens Haynesville Shale Office
* Forbes.com... This article posted Oct. 21st-- Shares of Petrohawk Energy Corp. jumped Tuesday after the Oil and Gas Company announced what it is calling a significant new natural gas field discovery in the Eagle Ford Shale in south Texas...
Read this article in full at link below...
Petrohawk announces discovery of Texas gas field
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* MarketWatch.com... These articles posted Oct. 21st...
>Petro Resources Announces Results in Nacogdoches County, Texas
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> Fitch Affirms Chesapeake's IDR at 'BB'; Outlook Remains Negative
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* Reuters.com... These articles posted Oct. 21st...
Petrohawk shrs up on gas field discovery; well results
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* MarketWatch.com... This article posted Oct. 2oth-- JV Partner and operator has commenced drilling operations on the first JV well to evaluate potential of the Haynesville Shale gas formation on Mainland's Louisiana leases... Mainland Resources, Inc. holds interest in approximately 2,695 net acres, which form part of the East Holly Field in DeSoto Parish, northwest Louisiana... The Griffith No. 1-H well is the first well to be drilled on Mainland's property based on Company data and proximity to several vertical Haynesville wells waiting on completion, two horizontal wells being drilled, and another Haynesville well recently permitted...
Read the full report at link below...
Mainland Resources, Inc. and JV Partner Spud First Haynesville Shale Well on the Company's DeSoto Parish, Louisiana Property
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* OGJ.com... This article posted Oct. 2oth-- Southern Star Energy Inc., Houston, said logs indicate that its Atkins-Lincoln 17-2 well in Sentell field, Bossier Parish, La., north of Shreveport, encountered gas in the Jurassic Lower Bossier and Haynesville shales...
Read more at the following link...
Sentell Bossier-Haynesville well logged
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* News-Journal.com... This article posted on Sunday, October 19, 2008-- As oil and gas drilling continues to click and clack East Texas' economy forward, finding enough skilled workers to keep the region's economic engine pumping is growing more challenging for some area oil and gas companies... "It's virtually impossible to find help," said Jo Maxwell, president of Signal Well Service in Kilgore. "We've run ads in the paper, but that hasn't even worked."...
Read the rest at link below...
Lack of workers limits area drilling operations
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Thursday, November 06, 2008
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* KSLA.com... From Oct. 31st-- Be sure to click out this KSLA report/News Video at link below...
Haynesville Shale: What's the value of a handshake?
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* MarketWatch.com... From Nov. 3rd--
Forest Oil Announces Third Quarter 2008 Results; Continues to Control Cash Costs
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* EarthTimes.org had the following report on Nov. 3rd and it goes in part like this... St. Mary is currently drilling its first horizontal Haynesville shale well, which is located in De Soto Parish, Louisiana at the Spider Field. The rig is currently taking core samples in the Bossier and Haynesville sections and is expected to kick off the horizontal lateral within the next two weeks. The well design calls for an approximately 4,500 foot horizontal lateral. The well is expected to be completed in early January 2009...
Read the rest at link below...
St. Mary Provides Guidance and Operations Update
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* MarketWatch.com... From Nov. 3rd--
Comstock Resources, Inc. Reports Third Quarter 2008 Financial and Operating Results
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* FWBusinesspress.com had the following report on Nov. 3rd and it goes in part like this... EnCana also increased its stake in Louisiana’s Haynesville Shale, which covers about eight parishes in the northwestern part of the state...“In the third quarter of 2008, we strengthened our position in the Haynesville gas resource play by acquiring 25,000 net acres, increasing our land position to about 400,000 net acres, plus 63,000 net acres of mineral rights. We continue to see great potential in this promising shale play,” Eresman said...
Read the rest at link below...
Cano cuts budget by more than half
* RTTNews.com... From Nov. 3rd--
GMX Resources Q3 earnings surge, top estimates; initiates FY09 forecast - Update
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* SeekingAlpha.com... From Nov. 4th--
St. Mary Land & Exploration Co. Q3 2008 Earnings Call Transcript
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* SeekingAlpha.com... Also from Nov. 4th--
Comstock Resources, Inc. Q3 2008 Earnings Call Transcript
- AND -
Anadarko Petroleum Corp. Q3 2008 Earnings Call Transcript
- AND from the 5th of Nov -
Devon Energy Corporation Q3 2008 Earnings Call Transcript
* MORE TO COME SO CHECK BACK! *
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* Geology.com: Haynesville Shale: News, Map, Videos, Lease and Royalty Information
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* Geology.com - Natural Gas Royalty Estimate
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* Interactive Map by the Shreveport Times of Gas Wells in Caddo, Bossier, DeSoto and Webster
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* Shreveport Times...
Playing the Haynesville Shale
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* KSLA.com...
Oil & gas companies drilling in the Haynesville Shale
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* KTBS.com...
(Has lots of informative links and News Videos)
* Haynesville Shale
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* Cherokee Horn Production LP
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Parts of a Drilling Rig described
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> At the following TwinCitiesDev.com link, you can you can learn how the Fracing Process makes it possible to release gas from deep below the surface...
Fracing Process
Click HERE for Free QuickTime Player Download
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> At the following TwinCitiesDev.com link, you can watch how horizontal drilling increases production rates while reducing the impact to the surface...
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* Haynesville Shale Landowners Inc.
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* Ark-La-Tex Association of Professional Landmen
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* American Association of Professional Landmen
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> Thursday, June 5, 2008...
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>Monday, August 18, 2008...
#16 Haynesville Shale Updates - Monday, August 18, 2008
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>Tuesday, August 26, 2008...
#17 Haynesville Shale Updates - Tuesday, August 26, 2008
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>Monday, September 08, 2008...
#18 Haynesville Shale Updates - Monday, September 08, 2008
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>Tuesday, September 16, 2008...
#19 Haynesville Shale Updates - Tuesday, September 16, 2008
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>Tuesday, September 18, 2008...
#20 Haynesville Shale Updates - Tuesday, September 18, 2008
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>Wednesday, September 24, 2008...
#21 Haynesville Shale Updates - Wednesday, September 24, 2008
>Tuesday, October 14, 2008...
#23 Haynesville Shale Updates - Wednesday, October 14, 2008
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AubreyJ.........
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