10:25am CDT
Haynesville Shale
Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
August, 2008
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Note: This post will be updated over next few days so check back
(Scroll below for latest updates within this post)
Image courtesy of Chesapeake Energy
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Tuesday, August 05, 2008
Let’s get caught up with the Haynesville Shale News by starting off with this news article posted on the Statesman.com website...
Around Shreveport, natural gas potential spurs dreams of riches - Landowners are cashing in after discovery of what could be biggest gas field in U.S.
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* MarketWatch.com brings us this report and it starts off like this... Cubic Energy, Inc. (AMEX:QBC) ("Cubic" or the "Company") announces the Company has spud its fifth Haynesville Shale well in its northwest Louisiana acreage. The Red Oak Timber 5 No. 1 spud on Friday, August 1, 2008 and will be vertically drilled to approximately 11,950 feet using a casing program with 7 5/8" for the intermediate string. This will allow the Company to drill horizontally in the Haynesville Shale at a later date, after being vertically completed in the Haynesville Shale...
Read the full report at link below...
Cubic Energy, Inc. Spuds 5th Haynesville Shale Well
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* Money.cnn.com website reports...
PXP Announces 2008 Second Quarter Earnings of $203 Million or $1.84 Per Diluted Share Representing a 701% Gain Over Same Period in 2007
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* Geology.com website gives us this heads-up on Chesapeake Energy’s Corporation Earnings Conference Call this past Friday, August 1, 2008...
Haynesville Shale Well: 14 Million CFD
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* UPDATE *
Wednesday, August 06, 2008
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* FoxBusiness.com has the following report and it starts off like this... Cubic Energy, Inc. (AMEX:QBC) ("Cubic" or the "Company") announces the Company has spud its fifth Haynesville Shale well in its northwest Louisiana acreage. The Red Oak Timber 5 No. 1 spud on Friday, August 1, 2008 and will be vertically drilled to approximately 11,950 feet using a casing program with 7 5/8" for the intermediate string. This will allow the Company to drill horizontally in the Haynesville Shale at a later date, after being vertically completed in the Haynesville Shale... The Red Oak Timber 5 No. 1 is Cubic's second Haynesville Shale well to be drilled in the Company's southern acreage position of Bethany Longstreet located in Caddo Parish, Louisiana. Cubic has a 35% working interest in the Red Oak Timber 5 No. 1...
Read the full report at link below...
Cubic Energy Drills 5th Haynesville Shale Well
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* CNNMoney.com website has this report posted today...
Petrohawk Energy Corporation Announces Mid-Year 2008 Operational Update and Second Quarter 2008 Financial Results
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* GraceHeng.com reports...
Haynesville Shale Natural Gas
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* Telegram.com has this interesting but short AP report on their website today and it starts off like this... Two companies have agreed to pursue the development of a large pipeline to move natural gas from the Haynesville shale in northwestern Louisiana, considered potentially to be one of the largest domestic gas finds in years...
Read the rest at link below...
Two companies studying Haynesville pipeline
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* CNNMoney.com website reports it this way... Companies considering pipeline to serve gas production in NE Louisiana...
Read their full report at link below...
Companies study NE Louisiana natural gas pipeline
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* Reuters.com has this short report...
Devon sees 73 TCF of gas in its Haynesville acres
* KSLA website posted another one of their better reports/news videos earlier this evening and you can click it out at the link below...
Haynesville Shale lease lawsuits
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* UPDATE *
Thursday, August 07, 2008
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* iStockAnalyst.com brings us the following report this Thursday morning and it goes in part like this......
Operations Update: Getting Busier
Haynesville Shale:
300,000 net acres in LA and TX, up from 275,000 at last count…plan was to go to 400k
Half acreage is longer than 3 year lease term, avg cost is $5,000 per acre.
First well results to date:
30 day average production of the first well was 13.7 MMcfepd
Core analysis indicates possibility of 170 Bcf gas in place per section (they have been thinking the whole play in the core would be seeing 45 to 55 Bcf per section).
Second horizontal well: the Hutchinson 9-5 (91% working interest) completed at 16.7 MMcfepd; recall the first well IP’d at 16.8 MMcfepd.
See 151 feet of Haynesville
Third well still drilling, expect to complete early September, see 160 feet of pay here.
A fourth non-operated well is completing now and shows 158 feet of pay
3 rigs running, doubles in September…plan to drill 29 wells here (including the four above) this year so its about to get very busy. Sees spud to connection timeline of 75 days falling to 60 days in 2009.
2009 plan calls for 140 wells...
Read the full report at link below...
HK Misses On Bottom Line which might be Overlooked
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* Shreveport Times website put this post up this morning... Punching holes deep into the earth to release a hidden reserve of natural gas is the most visible aspect of the Haynesville Shale play. But almost invisible is work to make sure that supply gets to consumers... Two companies - Denver-based DCP Midstream Partners LP and Houston-based M2 Midstream LLC - agreed this week to pursue development of a large pipeline to move natural gas tapped from the Haynesville Shale. The pipeline, tagged as the Haynesville Connector, would begin at the western edge of DeSoto Parish and extend 150 miles to Delhi, a hub for several existing major natural gas pipelines...
Read the rest at link below...
Pipeline project proposed to push Shale gas
* KSLA website has another follow-up report/news video posted on their website this evening. Click it out at link below...
Haynesville Shale mineral lease contract questions
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* UPDATE *
Friday, August 08, 2008
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* Shreveport Times website posted this news article this morning...
Natural gas drilling is stretching available water supply in DeSoto Parish. Story at link below...
Competition for water raises concerns
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* KTBS website had the following report/news video posted Thursday morning...
(Note: The news video part of this story should be posted later today...?)
Natural gas pipeline planned across North Louisiana
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* UPDATE *
Saturday, August 09, 2008
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* Dallas Business Journal website had the following report posted Friday evening... Natural gas production company Cherokee Horn Production LP said Friday it’s opening a field office in Shreveport, La., to tap into the Haynesville Shale, a geographical area known to contain natural gas...
Read this short report at link below...
Cherokee Horn Production opens new office near Haynesville Shale
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* KSLA put this article/news video up on their website late Friday afternoon and it starts off like this... It's already 'game over' for most local oil and gas companies in the modern-day gold rush of the Haynesville Shale. Market forces are squeezing-out the backbone of the local oil and gas industry... And it's little wonder, considering the potential for trillions of dollars worth of recoverable natural gas trapped inside rock known as shale two miles under northwest Louisiana. Industry leaders point to multi-billion dollar companies, gobbling-up all the property for lease agreements, as the reason for skyrocketing costs. Local operators simply don't have that kind of cash...
Click out the rest at link below...
Local oil & gas operators squeezed out of Haynesville Shale
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* CNNMoney.com website had the following article up Friday and it starts off like this... The notion of spending taxpayers' money to help fill U.S. roads with natural gas-fueled vehicles faces a major test when voters in California, the nation's largest auto market, go to the polls in November... Natural gas providers are spending millions of dollars on advertising to convince Californians to pass a ballot initiative allowing the state government to invest in the now-tiny market for natural gas-fueled cars and trucks. The push comes as gas producers, emboldened by a windfall of domestic production, press federal lawmakers to help expand the market for gas as a means for reducing dependence on foreign oil and cutting greenhouse-gas emissions... If the California ballot initiative passes, up to a million vehicles fueled by compressed natural gas, or CNG, could ultimately end up on the state's roads. If the proposal - called Proposition 10 - fails, backers will face a tougher task selling authorities on the wisdom of investing in infrastructure for natural gas-fueled vehicles, compared with spending on biofuels or electric cars and trucks...
Read the rest at link below... (Note: T. Boone Pickens along with Chesapeake Energy Corp. Chief Executive Aubrey McClendon have their take in this article)
Drive For Natural Gas Vehicles Faces Big Test In California
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* The Shreveport Times has a run on stories this Saturday morning.
Click them out at the following links...
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> First Louisiana Bank has recorded about $40 million in deposits in the last 60 days. Bank president and CEO Ron Boudreaux said 99.9 percent of it is from Haynesville Shale lease bonuses... The Haynesville Shale is a natural gas deposit that has many gas companies paying thousands of dollars in lease bonuses for rights to drill for gas... The latest natural gas play has left some people in northwest Louisiana with lots of money in their pockets. But many have never seen this kind of money before, and they need help investing, planning and spending...
Experts offer financial advice about shale
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> The estimated 90 trillion cubic feet of gas under most of Northwest Louisiana, known as the Haynesville Shale, was there long before the U.S. government paid the Caddo Indians in 1835 to move west to open up this neck of the piney woods to settlers from the East. No mineral rights were mentioned in the transaction. Who knew? And who knew this area would be blessed with not one, but TWO fossil fuel booms...
Re-invest in community
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> ...The Haynesville Shale natural gas deposit has gas companies scrambling to accumulate as much acreage as possible, which has homeowners also scrambling to find out whether they own mineral rights... They have flooded the clerk of court's office in Caddo and Bossier parishes spending hours, days and weeks researching property records...
Mineral rights scramble
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> A log jam of spending proposals is what one area official is hoping for as parish governments start cashing their mineral lease bonus checks. His reasoning: if officials can't agree on priorities, they'll have to slow down and take a more deliberative view of how best to spend their windfalls...
Editorial: Public must help officials spend wisely
* MORE TO COME SO CHECK BACK! *
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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...
Click HERE for Free QuickTime Player Download
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> Thursday, June 5, 2008...
> Monday, July 21, 2008...
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AubreyJ.........
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