Haynesville Shale Report - April 22, 2009

Haynesville Shale Report
Wednesday, April 22, 2009
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EnCana Boosts Haynesville Shale ActivityEnCana Corp., Calgary, has a $580 million program to drill 50 Haynesville shale gas wells in East Texas and North Louisiana in 2009…
Read this short report at link below…
EnCana boosts Haynesville shale activity
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(Following, in part, from original News Release by EnCana Corp)
EnCana encouraged by resource potential
In Haynesville Hale play

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“While it is early days in the development of the Haynesville play in Louisiana and Texas, there have been some very encouraging results from our program as well as from other producers in the region,” said Jeff Wojahn, EnCana’s Executive Vice-President and President, USA Division. “Given the significant potential of our lands, we plan to re-allocate $290 million of savings from other areas of the company into our Haynesville program this year.
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With a total capital program of $580 million we will be drilling about 50 net wells which will enable us to continue to increase our understanding of the play, further evaluate our lands, and retain prospective acreage.” In anticipation of increased future production from the region and to facilitate unrestrained market access for the company’s expected production growth, EnCana is advancing plans for midstream processing and gas transportation.
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This includes recent commitments of 150 million cubic feet per day of capacity on the proposed Gulf South pipeline expansion and 500 million cubic feet per day of service on the proposed ETC Tiger pipeline.
EnCana Corporation
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Taken from EnCana News Release dated April 22, 2009
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Here’s a Great Read my brother, Dick found for us…
US Natural Gas Prices: "The Fix is Underway"

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* View all my post on the Haynesville Shale at link below:
Haynesville Shale Updates
Over 28 Post at link above with lots of useful links, photos, videos and more
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AubreyJ………