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Permalink Reply by jffree1 on January 26, 2011 at 7:19

It looks to me like, while the inventory of wells waiting on completion has declined slightly in December, the number of new permits went up.  That makes me wonder if the headway made on the WOC inventory will be lost in a month or two?

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Permalink Reply by Skip Peel - Mineral Consultant on January 26, 2011 at 7:35

Sorry guys, I just can't blow it up and keep the image sharp enough to read the numbers.  Or at least my old eyes can read it even with a good squint.  Use this link to see the original on the DNR website.

 

http://dnr.louisiana.gov/assets/OC/haynesville_shale/haynesville_wb...

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Permalink Reply by Skip Peel - Mineral Consultant on January 26, 2011 at 7:41

Correct, jffree.  "Other Operations" refers to wells drilled but not yet completed (fraced).  The trend in the number of such wells is on a slight decline.  And permits are the highest in the month of December for any month in all of 2010.  The number of wells reported as drilling has remained relatively constant throughout the year.  Leasing and Unitization have dropped off significantly but drilling shows no sign of doing so.

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