ENCANA MAKES APPLICATION TO DISSOLVE 7 EXISTING 640 ACRE UNITS IN SLIGO AND 1 IN ELM GROVE AND REPLACE THEM WITH UNITS 815 TO 990 ACRES.

Link to application follows.

http://dnr.louisiana.gov/cons/CONSEREN/hearings/2010/09SEP/10-973&a...

Views: 65

▶ Reply to This

Replies to This Discussion

Permalink Reply by True Texan on September 4, 2010 at 17:50
Look right now gas prices are real low. These companies are running low on funds. They have leased a lot of tracs and need to lock them up with production wells. By taking 7 pools and then turning into say 3 or 4 pools makes it so they don't have to drill so many wells right now and they can keep the leases from expiring. If I was Encana I would be doing the same thing. If they hit a well in a larger pool the pay out is the same but to more people. It just means you will get a smaller check each month.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Monster’ Gas: Aethon’s 16,000-foot Dive in Haynesville West

Monster’ Gas: Aethon’s 16,000-foot Dive in Haynesville West
2 Texas Standard article - Potential lithium boom simmers in East Texas

Texas Standard article - Potential lithium boom simmers in East Texas
3 Associated gas boom hurting gas-focused producers

Associated gas boom hurting gas-focused producers
4 U.S. natural gas trade will continue to grow with the startup of new LNG export projects

U.S. natural gas trade will continue to grow with the startup of new LNG export projects
5 Could a US lithium glut develop in the near future?

Could a US lithium glut develop in the near future?
6 Update: Companies Withdraw Plan to Set Arkansas Lithium Royalties

Update: Companies Withdraw Plan to Set Arkansas Lithium Royalties

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service