EOG Reports East Texas Well Results, Increases Acreage Position (11/5/09)
More good news for East Texas portion of the Haynesville Shale play.
From EOG 3rd Qtr 2009 Results
"As one of the first operators to test the extension of the Haynesville Play further southwest into Nacogdoches and Shelby Counties, Texas, EOG reported initial production rates from three wells that equal the better wells drilled to date in the Louisiana core area. In Nacogdoches County, the Hill #1, Pop Pop Gas Unit #1 and Hassell Gas Unit #1, which were drilled early in the third quarter, began initial production at rates in excess of 15 MMcfd of natural gas. EOG has 42 percent working interest in the wells. Based on this confirmation and the results of the Gammage #1 exploration well drilled in Nacogdoches County, EOG has increased its acreage position in the play. Including the recent acquisition of approximately 37,000 net acres in Nacogdoches County, EOG now has 153,000 total net acres in the Haynesville Play, after adjusting for the expected exercise of third party preferential purchase rights."
From EOG 3rd Qtr 2009 Results
"As one of the first operators to test the extension of the Haynesville Play further southwest into Nacogdoches and Shelby Counties, Texas, EOG reported initial production rates from three wells that equal the better wells drilled to date in the Louisiana core area. In Nacogdoches County, the Hill #1, Pop Pop Gas Unit #1 and Hassell Gas Unit #1, which were drilled early in the third quarter, began initial production at rates in excess of 15 MMcfd of natural gas. EOG has 42 percent working interest in the wells. Based on this confirmation and the results of the Gammage #1 exploration well drilled in Nacogdoches County, EOG has increased its acreage position in the play. Including the recent acquisition of approximately 37,000 net acres in Nacogdoches County, EOG now has 153,000 total net acres in the Haynesville Play, after adjusting for the expected exercise of third party preferential purchase rights."
Views: 135
Replies to This Discussion
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Permalink Reply by Les Bamburg on
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AL, there was some limited information in the paper as follows but I am not sure it is really that representative of the well's true potential. EOG is reporting these three wells, that are all about 2 miles west of the Gammage, have IP rates > 15 MMcfd.
EOG, Gammage #1H Well, Serial #675656, Nacogdoches County, 2395 Mcfd, 19/64" Choke
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Permalink Reply by jffree1 on
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"after adjusting for the expected exercise of third party preferential purchase rights."
Can someone explain what that means, please?
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Permalink Reply by Spring Branch,mineral owner on -
I think it means they have partners.
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Permalink Reply by j garrett on
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They bought the deep rights of Sonerra, a smallish operator that drills James Lime wells in Nacogdoches Co. Petrohawk is in an AMI (Area of Mutual Interest) with EOG in that area. So, PH has the right to participate if they choose.
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Permalink Reply by ledlights on
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Good question - don't know what EOG paid, but my impression is that Sonerra was paying $1000/acre & 25% for some of its new/renew leases in Nacogdoches Co. that it was anticipating selling to EOG.
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Permalink Reply by RBH on
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Was this for all depths? (ie. Not just Bossier/Haynesville deal done with EOG Group)
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Permalink Reply by ledlights on
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I don't know what they did with everyone but some of these renewals seemed to be for all depths so they could keep the shallower depths and include the deeper rights in the deal with EOG
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