Sunday, February 15, 2009

#26- Haynesville Shale Updates - Post Date Sunday, February 15, 2009

.....Haynesville Shale
Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
February 15, 2009

Photo Credit: AubreyJ.........
Wells of Past, 1967 - Grandfather’s Farm - Red Shute Plantation
Bossier Parish
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Sunday, February 15, 2009

Hello everyone. Hope you had a GREAT weekend!!!

Let’s get started off with this round of posts on the Haynesville Shale with this article I found posted up on the DenverPost.com website back on Jan. 30th. It starts off like this... Competition from new natural-gas reserves may delay the rebound for Colorado gas production — now at a three-year low, industry analysts and operators say… Emerging shale-gas fields — the Barnett in Texas, the Haynesville in Louisiana and the Marcellus in Pennsylvania and New York - will compete for drilling dollars when the market rebounds… "We are looking at a major realignment of the natural-gas markets," said Pete Stark, vice president for industrial relations at energy consultant IHS Inc. "This is a good thing. It means there is a lot more gas."… It might, however, be less good in the short term for the Rocky Mountain region…
Read the rest at this link... Shale gas now a rival....
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Market Watch.com had this report back on Feb. 4th and it goes in part like this… Testing the Haynesville Shale in North Louisiana, EOG drilled two horizontal wells on its acreage during 2008. The Martin Timber #2H tested at a rate of 17.4 million cubic feet per day (MMcfd), gross with 4,700 psi flowing tubing pressure. The Bedsole 27#1H tested at a rate of 17.5 MMcfd, gross with 7,400 psi flowing tubing pressure. EOG has 100 and 57 percent working interest in the wells, respectively. Due to pipeline limitations, the wells are currently producing at a combined restricted rate of 17 MMcfd until additional infrastructure is in place. EOG has estimated net reserve potential of 3 to 4 trillion cubic feet of natural gas on its 116,000 net acres and expects to drill 14 Haynesville wells in 2009.
Read the rest at link below…
EOG Resources Reports 2008 Results and Increases Dividend
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NewsJournal.com had this report and it gos in part like this… Amid the losses on the company's annual report was information about Devon's East Texas exploration and production activity. The company, with a strong presence in Panola County, increased its production in the Carthage area by 10 percent in 2008 to more than 300 million metric cubic feet of natural gas per day… Devon reported it drilled 132 wells in the Carthage area in 2008 including 20 horizontal wells… The company also reported it added another 40,000 net acres to its lease position in the Haynesville Shale natural gas field of East Texas and Northeast Louisiana in the fourth quarter of 2008. Devon holds about 570,000 acres leased in the Haynesville Shale... The company said it continues to evaluate its position in the Haynesville play through drilling, coring and testing…
Read the full report at link below…
Energy firm ups Haynesville play
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ShreveportTimes.com had the following 2 article posted on their website back on Feb. 6th…
>Oil and gas group calls special meeting next month
>Chesapeake spokesman sees gas prices firming-But rig numbers could drop slightly due to supply glut
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EarthTimes.org had the following report posted on their website, Feb. 1oth and it stated off like this… Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced results from its first horizontal Haynesville/Bossier shale well in the East Texas/North Louisiana corridor. The Moseley 14 - 1H, located in Red River Parish, Louisiana, produced into the sales line at a rate of 14 MMcfe/d with 6,500 psi flowing casing pressure while still cleaning up frac load. Forest has a 100% working interest in this well… Forest holds approximately 3,800 net acres around the drillsite. Forest has approximately 140,000 gross (106,000 net) acres in the Haynesville/Bossier play and intends to operate a two rig program to drill 10 - 12 horizontal Haynesville/Bossier shale wells and participate in 2 - 3 non-operated wells during 2009. The Company currently has two horizontal Haynesville/Bossier shale wells completing and two drilling…
Read the full report at link below…
Forest Oil Announces First Horizontal Haynesville/Bossier Shale Well with an Initial Production Rate of 14 MMcfe/d
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CHRON.com had the following report posted on their website, Feb. 11thand it starts off like this… The natural gas industry faces low prices, high stockpiles and an onshore rig count that is falling fast - but the head of the nation’s largest natural gas producer is optimistic… “We only need gas prices to be ‘good’ for three to six months every two-year period,” Chesapeake Energy Chief Executive Aubrey McClendon told reporters Wednesday at the Cambridge Energy Research Association’s annual CERAWeek oil and gas conference in Houston. “Then we’d be happy for them to fall to benefit consumers and affect our competitors.”… During a presentation at the conference, McClendon said his company believes “the fix is in for an oversupply,” referring to the boom in onshore production in natural gas shale plays where his company is among the most aggressive players… That boom pushed natural gas production up by as much as 6 percent last year, but recession-weakened demand and prices that are down more than 60 percent from 2008 highs led to high stockpiles…
Read the full report at link below…
Natural gas CEO strikes positive tone
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Cattlenetwork.com had this report back on Feb. 12th…
Chesapeake CEO: Less Drilling Would Support Gas Prices
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I End today’s posting with this GREAT VIDEO I ran across back on Jan. 29th at the CNBC.com website. It’s from Jim Cramer’s ‘MAD MONEY’ program and it is a MUST see. This video is just over 10 minutes long and you can view it at the link below…
Executive Decision: Chesapeake Energy CEO Aubrey McClendon

* MORE TO COME SO CHECK BACK! *
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* Links of Interest *
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* City of Shreveport website...
Shreveport Shale
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> At the following TwinCitiesDev.com link, you can click on various parts of the rig (indicated by numbers) and read or listen to part descriptions...
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
Requires QuickTime Player
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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* Gas Leases - You’re sitting on a Gas MineThis link is full of info you need to know before signing an Oil/Gas Lease Contract
Click it out at link below...

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* Past Post *

> Sunday, May 4, 2008...
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> Sunday, May 11, 2008...
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> Thursday, May 15, 2008...
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> Wednesday, May 21, 2008...
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> Thursday, May 29, 2008...
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> Thursday, June 5, 2008...
#12 Haynesville Shale Updates - Tuesday, July 28, 2008
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> Tuesday, August 05, 2008...
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>Thursday, October 30, 2008...
#24 Haynesville Shale Updates - Thursday, October 30, 2008
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>Wednesday, January 28, 2009...
#25 Haynesville Shale Updates - Wednesday, January 28, 2009
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AubreyJ.........
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