Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 24, 2012 at 13:38

Comstock is currently drilling in other plays.  They have the following well permits in the Haynesville Play but no active rigs.  Use the link to their website if you want to see where they are active.

245445 HA RA SUAA;W R BILLINGSLEY2 HZ 001 C332 8575 21-SEP-12 S2-11N-14W 16 16500

 245446 HA RA SULL;E C MCCOY 34 HZ 001  C332 6156 21-SEP-12 S34-12N-15W 16 16500

245447 HA RA SUOO;MCM HOLLOWAY 1 HZ 001 C332 6156 21-SEP-12 S1-11N-15W 16 16500

245448 HA RA SUMM;DIANNE RASCOE 35 HZ 001 C332 6156 21-SEP-12 S35-12N-15W 16 16500

245449 HA RA SUNN;WILLIAM J TODD 2 HZ 001  C332 6156 21-SEP-12 S2-11N-15W 16 16500

245450 HA RA SUU;PROVOST ETAL 30 HZ 001  C332 8575 21-SEP-12 S30-12N-14W 16 16500

245475 HA RA SUT;QUINN PINE TMB 25 HZ 001  C332 8575 26-SEP-12 S25-12N-15W 16 16500

245476 HA RA SUZ;HODGES LND TMBR32 HZ 001  C332 8575 26-SEP-12 S32-12N-14W 16 16500

 

http://www.comstockresources.com/

• ▶ Reply

Permalink Reply by Jo Ann Carter on November 25, 2012 at 2:22

Thanks for the information Skip. If they permitted as late as Sept 26, 2012 then they must still be intrested in the Haynesville.

 

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on November 25, 2012 at 3:20

Jo Ann, I think all the Haynesville operators are still interested.  They just can not generate enough cash flow from drilling HA wells at this time.  The movement of rigs away from the Haynesville is temporary.  All the companies will be back to drill a lot more wells in the future unless they sell their leasehold.  In a little over three years of steady drilling the current operators have drilled somewhere in the ballpark of 10% of proven HA locations.  The HA is still one of the best assets any of these companies own and they know it will be great for their balance sheets in the future.  It's all a question of "when".

• ▶ Reply