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: 183
Replies to This Discussion
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Permalink Reply by jffree1 on
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I think what he said was that they are looking at the feasibility of drilling a (stand-alone) bossier shale horizontal (as opposed to a haynesville horizontal for instance). It would be an economics thing, Cheerleader. It would have to be economically feasible to do that. Cost of the well compared to possible return on investment.
That's is the way I understood it but someone else may wish to correct me.
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Permalink Reply by Les Bamburg on
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Cheerleader, Cabot may have tested all three zones in the KVG #3 vertical well to confirm each zone would flow gas but it may not be producing from all three. Each zone requires separate horizontal wells for development purposes.
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Permalink Reply by Cheerleader on
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It worked in Louisiana..You must be a landman...Afraid of a little organization are you???
I think I will rent about 500 billboards in San Augustine.
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i,
I hear someone calling you on oil voice. com. Try under the Haynesville Shale/San Augustine County entries in reference to the MOTHERLOAD of the Haynesville
Shale. We probably won't need billboards because we all read this great web site and we are united in our goals to sign excellent leases protecting ourselves and generations to come.
P.S.
MOTHERLOAD PEOPLE OF SAN AUGUSTINE COUNTY UNITE!!!!!!!!!!!
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Permalink Reply by ken hatcher on -
No matter what this well is special!
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Permalink Reply by RBH on
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24 Waterway Avenue, Suite 1000 | The Woodlands, Texas 77380 | Ph: 281-363-9200 | info@common-resources.com
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