As said above, Encana and Shell are working 50/50.
Quote from Floyd Wilson, CEO Petrohawk below regarding Encana/Shells progress in the area.
"Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
"From a vertical well bore that is almost unheard of from a shale well"
Encana shows on their website to have a presentation to give in Calgary, Alberta at the 20th annual CAPP Oil and Gas Investment Symposium. It is supposed to detail their performance, strategy and outlook. They have some positive information on their website under resource plays. There is no well results but they appear to be excited about what they have found so far which appears to be mainly in East Texas.
Just got a call saying that Encana has approached a guy in Sabine who owns alot of land with a figure of 7500/acre. Says they are offering 7500 for anything in the HShale. I don't have any contact numbers but it's a positive sign for Sabine.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More