Jay. Considering the confidential nature of the flyer, I'll wait until the reports hit the Internet. Thanks for the heads up. I suspected that Chesapeake was shifting their focus south and stated as much a number of months ago when they began forming units in far south DeSoto and north Sabine and declined to extend a state lease in the Cross Lake area. It will be interesting to see if there are any serious buyers.
Taylor. I think Chesapeake made this decision back in the late summer/early fall. IMO, the two wells that likely influenced the decision were the Prescott in S35 - 19N -13W and the Bohnert in S28 - 19N - 15W. There were other wells that Chesapeake had a hand in but these two were 100% theirs. The Prescott was completed 4/25/09 and the Bohnert 9/3/09.
Skip. I don't have a map of sections, but is the Prescott well considered to be in north Bossier? If so, in your opinion, is the future of drilling in this area dead? Are the stats on the Prescott well decent? Does Chesapeake own acreage up and down Swan Lake Road?
Chesapeake's Prescott (239214) had initial production of 5.22 MMcfd on a 22/64" choke at 3752# Casing Pressure. This is about half the expected production of an average Haynesville Shale horizontal well. It is located in the Red Chute Bayou Field and is approximately 2 miles north of I-220 off Swan Lake Road. I have not performed a lease review in this part of Bossier Parish and have no idea of Chesapeake's leasehold. There is no reason to drill in this area of the Play at this time considering the opportunities elsewhere. At some point in the future, it will make economic sense to develop this northern tier of the Play.
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