Collection of Excerpts Concerning Haynesville Shale from O&G Companies Analyst Calls (5/16/10)

Attached for your information are excerpts of discussions about the Haynesville Shale from the operators 1st Qtr 2010 conference calls with the financial analysts.

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SB, like you say - the depth/pressure limitation is probably a moving target over time. ie What may not be feasible today could be feasible/economic 5 or 10 years from now.

You are right that depth should add EUR assuming you do not have decreased porosity. Of course Jay can probably comment about issues like the depositional environment variation as you move south.
Very nice information. Thanks.

Anyone have an idea about where EXCO is drilling those 4 wells on 320 acres to test the 80 acre spacing?
At a quick glance, I'd say S30 - 14N - 13W.
Thanks for that, Skip.

Did you play baseball for United Gas when you were growing up?
Yep. Sure did.
Hey Skip, it's me...Bryan Mills. Let's do lunch sometime.
My God! I must have become a "shale nerd" and not realized it because I found that attachment very interesting! Especially the Exco section. Skip, I think your guess is spot on. Exco continues to be very busy in 14N-13W. Most of the sections around me have 5 wells in the permit stage. Check Les' discussion on unitized sections. 14N-13W is 35/32/3.
Big Daddy, you have been a shale nerd in my book for quite some time now. Regards, Skip
Guess I've been called worse. What I really found interesting was how the different companies follow each other so closely. I know it's always good to watch the competition, but to see how close their strategies are is quite intriguing. For instance, it appears reduced chokes seem to be the way to go.
One of the reasons that a company may take a lease in a section where another has built the superior lease position is to participate in the well as a Working Interest owner. By doing so, they have access to all the science and data generated by those wells. I suspect that a majority of the wells in the Play to date have multiple working interest owners.
BD, there are still some companies (Exco, EnCana, etc) that are staying with their original approach. The same way that not every company feels the need to chase "liquids" which in many cases is just "spin" anyway.
Can't speak to Encana's successes. I don't follow them to closely. However Exco has had a proven track record in this whole shale business from the beginning. I wouldn't deviate from a succesful approach either.

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