Questar E&P Acquires New Haynesville Shale Acreage; Well Results (10/27/09)
Questar E&P increases net leasehold in Haynesville Shale core by 39% to 43,000 acres
Through a series of acquisitions and ongoing leasing activity, Questar E&P has increased its net leasehold position in the core of the Haynesville Shale play in NW Louisiana to approximately 43,000 net acres. The majority of the recently acquired leasehold is located in Bienville Parish, immediately to the north and contiguous with the company’s Woodardville property acquired in February 2008. Development of the newly acquired leasehold is now underway, with two wells waiting on completion and three wells currently drilling. A revised Haynesville leasehold map, along with updated activity maps for other Questar E&P key operating areas, can be found at: www.questar.com.
Recent Questar E&P Haynesville well results confirm that the company’s acreage is in the “Heart of the Core” of the play
Since Questar’s second-quarter teleconference, Questar E&P has completed and turned four new operated wells to sales, each with strong initial rates and flowing pressures.
Sample 10H #2 - 21.5 MMcfd
NAC 36H #1 - 23.7 MMcfd
Baker 7H #1 - 24.4 MMcfd
Sample 10H #1 - 22.6 MMcfd
All four wells had initial flowing casing pressures in excess of 7,800 pounds per square inch on chokes varying from 24/64” to 28/64”. Year-to-date, Questar E&P has working interests in 19 new Haynesville completions, plus 9 wells that have been drilled and cased with completions either underway or planned by the end of the year. In addition, the company has interests in 10 Haynesville wells that are currently being drilled. For 2010, Questar E&P expects to operate 8 drilling rigs in NW Louisiana, with 7 rigs targeting horizontal Haynesville development.
Through a series of acquisitions and ongoing leasing activity, Questar E&P has increased its net leasehold position in the core of the Haynesville Shale play in NW Louisiana to approximately 43,000 net acres. The majority of the recently acquired leasehold is located in Bienville Parish, immediately to the north and contiguous with the company’s Woodardville property acquired in February 2008. Development of the newly acquired leasehold is now underway, with two wells waiting on completion and three wells currently drilling. A revised Haynesville leasehold map, along with updated activity maps for other Questar E&P key operating areas, can be found at: www.questar.com.
Recent Questar E&P Haynesville well results confirm that the company’s acreage is in the “Heart of the Core” of the play
Since Questar’s second-quarter teleconference, Questar E&P has completed and turned four new operated wells to sales, each with strong initial rates and flowing pressures.
Sample 10H #2 - 21.5 MMcfd
NAC 36H #1 - 23.7 MMcfd
Baker 7H #1 - 24.4 MMcfd
Sample 10H #1 - 22.6 MMcfd
All four wells had initial flowing casing pressures in excess of 7,800 pounds per square inch on chokes varying from 24/64” to 28/64”. Year-to-date, Questar E&P has working interests in 19 new Haynesville completions, plus 9 wells that have been drilled and cased with completions either underway or planned by the end of the year. In addition, the company has interests in 10 Haynesville wells that are currently being drilled. For 2010, Questar E&P expects to operate 8 drilling rigs in NW Louisiana, with 7 rigs targeting horizontal Haynesville development.
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Replies to This Discussion
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Permalink Reply by BirdDawg, plain ole' idiot on
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Great info Les B. As I have mentioned before, I think west Bienville Parish is the new hot spot. With the closing of the purchase last week of PetroChem, et als Alabama Bend interest, you will see Questar really crank it up in that area. And unleased interest in the area will see increased activity.
Expect to see at least two rigs running in this area for a while.
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Permalink Reply by Bacon on -
A contact at QST said that they were dedicating one rig to Thorn Lake Field this next year. Should start seeing some multi well units soon.
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Permalink Reply by Buddy on
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Bacon: Aren't some of those wells in Thorn Lake going to be horizontal Cotton Valley wells in additional to Haynesville?
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Permalink Reply by Bacon on
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Yes. They (STR) mentioned two wells to me, one CV horizontal in section 7 14/11 (first of the year) and another HA in section 18 (mid year). Not sure if that one rig is dedicated to CV or HA or both though. The Barlow #2 in 13, 14/12 just got finished and is a CV horizontal at 5 mmcfd.
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Permalink Reply by E & E on
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Hey Les,
The Slides came out today for their 3rd quarterly. Thought they might be a nice add to your topic.
Earlene the barefooted UMO
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Permalink Reply by Les Bamburg on
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Earlene, great addition. Thanks!!!
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