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Permalink Reply by dbob on July 10, 2012 at 1:07

Thanks!

 

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Permalink Reply by Shaleeee on July 10, 2012 at 15:41

Thanks Les, I have been watching out for your rig count - wish it could have been better but I BELIEVE it is coming!

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Permalink Reply by adubu on July 12, 2012 at 0:07

list gets smaller each week--- in past you had two list--one for La. and one for TX-now combined into only one--- Les B do you recall when and how many rigs at peak of drilling at one time in the Haynesville? Is this new record on low end?Has APC found some liquids in the shale, I thought all the Haynesville was DRY gas?

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Permalink Reply by Les Bamburg on July 12, 2012 at 15:27

Adubu, the Haynesville Shale rig count peaked at 187 on 6/11/10.  This is likely the lowest count since late 2008 / early 2009.

 

Anadarko has identified an area of the Haynesville Shale in East Texas (primarily Panola County) that produces rich gas and associated condensate.

 

By the way I posted a new discussion which has charts showing the historical rig count trend in the play.

 

http://www.gohaynesvilleshale.com/forum/topics/haynesville-rig-coun...

 

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Permalink Reply by adubu on July 13, 2012 at 0:21

Les B ---very interesting trend.  Somewhat surprised to see the peak in June 2010 after prices had drop for year or more prior-- was this the peak of drilling just to hold the leases? Have you seen or heard any of the production numbers of size of condensate in the shale over in Panola? I guess as time now goes on if the major sweet spots are now HBP we will see just spotty infield or alternate wells drilled over next several decades as prices improve and stablize like some of the old large fields of the past. Area not HBP then if enough to put together to make a N/S plat for laterals will get drilled in time but those maybe years later because operator have lots of alternate well site to drill more economically . Maybe be like the" Energy Bunny" just keep on going but at a slower pace. I was surprised that EOG has permitted and drilled out a few units with 8-9 H wells in last 12 -18 months over in Nacgodoches County in the Shelby Trough

 

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Permalink Reply by Les Bamburg on July 13, 2012 at 3:05

Adubu, there are multiple factors for the peak in mid-2010.

1) Although cash prices has dropped most producers had hedged gas prices of $7.00 to $7.50 they set up during the 2008/2009 time frame.

2) Evaluation of the play had spread south and southwest covering a large area.

3) High number of companies active in the play and this was prior to some companies acquiring acreage positions in other plays (ie Marcellus, Bakken, Utica, etc).

4) Drilling to hold acreage.

 

I have seen limited information on the Anadarko wells.  The condensate production is not substantial but the NGL's extracted from the rich gas could be enhancing the well economics.  

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Permalink Reply by adubu on July 13, 2012 at 4:18

Les B -- thx--- if you see or hear anything on Panola APC wells let us know or maybe jfree1 since she follows Tx more will post something on these wells when info is out---enjoy the nice Hot summer and tell everyone burn the gas in their A/C for We have a lot--:)

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