Common Resources Haynesville Shale Well in East Texas Tops 20 MMcfd (10/26/2009)
Cabot made the following statement in today's press release:
"In east Texas, Cabot confirmed that the Company and its partners are flow testing its first horizontal Haynesville shale well. The well is hooked up to sales flowing back at this point, at approximately 21.0 Mmcf per day with a flowing casing pressure of 7,800 psi, after 11 days in line. Dinges added, "We anticipate that the well will improve further as it continues to clean up frac fluid." The well is operated by Common Resources, and Cabot is a 42 percent working interest partner.
"Our recent success affords us the opportunity to increase our production guidance for the fourth quarter making the previous high end of guidance the low point and establishing a new high level for the range," commented Dinges. "Additionally, we have also raised our capital program to cover the potential results from a more extensive leasing effort in Marcellus." The new investment program is $580 million, which will only be spent depending on leasing success."
"In east Texas, Cabot confirmed that the Company and its partners are flow testing its first horizontal Haynesville shale well. The well is hooked up to sales flowing back at this point, at approximately 21.0 Mmcf per day with a flowing casing pressure of 7,800 psi, after 11 days in line. Dinges added, "We anticipate that the well will improve further as it continues to clean up frac fluid." The well is operated by Common Resources, and Cabot is a 42 percent working interest partner.
"Our recent success affords us the opportunity to increase our production guidance for the fourth quarter making the previous high end of guidance the low point and establishing a new high level for the range," commented Dinges. "Additionally, we have also raised our capital program to cover the potential results from a more extensive leasing effort in Marcellus." The new investment program is $580 million, which will only be spent depending on leasing success."
Views: 211
Replies to This Discussion
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landownerPermalink Reply by DJG on -
Well isn't that just a bit of sunshine hearing this news on a very rainy day. I checked both Cabot's and Common Resources website and could not find any information as to where this well is located. Any info on your side Les? Or maybe we'll just have to wait until Cabot's scheduled conference call tomorrow morning for further details?
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Permalink Reply by jffree1 on
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Good news, D. Gaar. I guess we have to wait for the conference call and hope they tell!
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Oil & Gas ProPermalink Reply by eastex on -
Earlier in the full press release they mention its in County Line Field, probably near the other Common Resources wells. Looks like a hall of famer well on the Texas or Louisiana list.
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landownerPermalink Reply by DJG on -
Yeah, Looks like this one would go straight to the head of the class on the Texas HOF list. In any event. looks to be more good news for Shelby and San Augustine.
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Oil & Gas ProPermalink Reply by Les Bamburg on -
DG, I assume it may the following well. Original reports had the well at 16.7 MMcfd but the rate may have increased as the well cleaned up.
Common Resources, Red River 619 #1 Well, Serial #680034 , San Augustine County
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landownerPermalink Reply by ALongview on -
Maybe this one!
Status # 682183
API # 405-30284 OP # 169727 - COMMON RESOURCES L.L.C.
Approved ,Issued: 06/17/2009 ,Filed: Online BURROWS GAS UNIT - Well # 1H
06 - SAN AUGUSTINE County New Drill
Horizontal
Status:
Back to Public Query Search Results
View Current W-1 View Current Permit
General / Location Information
Basic Information:
Filing Purpose Welbore Profiles Lease Name Well # SWR Total Depth
New Drill Horizontal BURROWS GAS UNIT 1H 15000
Surface Location Information:
API # Distance from
Nearest Town Direction from
Nearest Town Nearest Town Surface Location Type
405-30284 7.7 miles NW SAN AUGUSTINE Land
Survey/Legal Location Information:
Section Block Survey Abstract # County
ADAMS, E 330 SAN AUGUSTINE
Perpendicular surface location from two nearest designated lines:
Perpendiculars Distance Direction Distance Direction
Survey Perpendiculars 720.0 feet from the west line and 757.0 feet from the south line
Fields
District Field Name Field # Completion Depth Lease Name Well # Well Type Acres Distance to nearest well Distance to nearest Lease Line SWR Pooled/Unitized
06 WILDCAT
Primary Field
00012001 15000 BURROWS GAS UNIT 1H Oil or Gas Well 352.0 475.0 Y
Perpendiculars Distance Direction Distance Direction
Surface Lease Lines 256.0 feet from the north line and 1081.0 feet from the east line
Section: Block: Survey:COWEN, D.
Abstract #: 87 County: SAN AUGUSTINE
Name Profile Distance Direction Distance Direction
TH1 Terminus Point Lease 475.0 feet from the east line and 475.0 feet from the south line
Survey 1145.0 feet from the north line and 1215.0 feet from the east line
Penetration
Point Lease 475.0 feet from the east line and 621.0 feet from the north line
--------------------------------------------------------------------------------
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landownerPermalink Reply by DJG on -
Hopefully Cabot will release the news this morning. They did have quite a few horizontals permitted this past mid-summer in that corridor of San Augustine and Shelby so it will be interesting to find out who the lucky sweepstakes winners are!
I'm Just happy to see more and more of these recent horizontals coming in with higher IP reports in the 12mmfcd and now up to 21mmfcd range. Good news for E.Texas prospects in general.
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landownerPermalink Reply by DJG on -
Isn't that Red River well the one where Common Resources is JV with Southwest Energy? Seems like the Cabot JV will be a different well.
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Oil & Gas ProPermalink Reply by Les Bamburg on -
DG, yes - I think you are right.
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I just sat through the entire call and never got a well name. Here are the little tidbits gleaned:
1st AMI horizontal in HA with Common Resources operating.
The well has a total depth of 17000' and a 3400' lateral.
It had 14 frac stages at a cost of $10 million.
(My guess is the Red River-Smith 98 #1 permitted back in Feb. for 14000' w/ a 3700' lat. I don't recall ever seeing an IP for this well.)
2nd AMI well is 4-6 miles west of KVG #3. Cabot has ORI and gets well data.
3rd AMI well will be about 5 miles east of KVG #3 to be spud in Dec.
Cabot has 29% WI
4th AMI well will be to the SW of KVG #3 in 1Q 2010. Cabot has 22% WI
1st 100% Cabot HA hz. will be an offset to the KVG #3 in 1Q 2010
KVG #3 vertical HA (which never reported) had an IP of approx. 2MMCFD and tested the Bossier, the Haynesville and the Haynesville Lime and all intervals had gas.
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Permalink Reply by RBH on
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so are Cabot-Common Resources LLC-SWN all JV'ing together?? in the Haynesville in this area? Getting kinda confusing
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ALongview started at least one and maybe two discussions on the San Augustine County page about the JV and AMI activity taking place in that county back in the summer. He posted the documents that he found in the records. I refer you to those discussions. They were interesting.
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