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Permalink Reply by dbob on January 29, 2012 at 8:00

Thanks Les -

On a related topic, does anyone want to predict the Haynesville rig count by the end of March?  I'm predicting 55 rigs

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Permalink Reply by Shaleeee on January 29, 2012 at 14:33

Thanks Les, I look forward to your rig count reports - maybe it will go up with the new year budgets.

 

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Permalink Reply by tc on January 30, 2012 at 3:58

Comstock just announce today an updated capital budget and due to low NG prices they are moving their last 2 rigs out of the Haynesville by the end of March.  I think you will see other companies revise their 2012 drilling budgets and more rigs will be leaving the Haynesville play. 

However this doesn't mean there will be a recovery for NG prices anytime soon as Comstock also announced that they are going to complete 20 Haynesville wells that they drilled in 2011.   

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