Haynesville Fairway Expanding; Lease Terms Improving; More Pipe Under Way
Haynesville Fairway Expanding; Lease Terms Improving; More Pipe Under Way
August 31st, 2009 ndarbonne Posted in Uncategorized |
Good wells are being reported from Shelby, Nacogdoches, Harrison and Panola counties.
The Haynesville fairway is expanding, with wells of more than 20 million cubic feet a day being reported from the Holly/Caspiana area by Chesapeake Energy Corp. and Exco Resources Inc.
“Much of the early drilling was in the Elm Grove Field area. That’s where some of the highest-rate wells have been drilled to date,” says Dr. Joel Walls, vice president and chief petrophysicist with Houston-based Object Reservoir Inc., which is leading the 12-producer Haynesville Collaborative Exploitation project.
“More recently, we’re seeing some very good wells in the Holly/Caspiana area. Moving closer to the border, in the Logansport area, there was a report by Comstock Resources Inc. of a 17 MMcf/d well, and going into Texas into Shelby, Nacogdoches, Harrison and Panola counties, we’re seeing some very good wells in that area, although not at the same initial rates as the wells in the Elm Grove area.”
Walls is among presenters in the Aug. 20 webinar “The Haynesville Bottom Line: Leasing, Take-Away, Well Results” now available for viewing on demand, including presenters’ slides.
“There certainly is an expanding Haynesville development in progress. And we’re seeing lots of good wells being drilled and completed outside of what was originally considered the core of the play,” Walls says.
Is leasing expanding the same way? Ramona Hovey, senior vice president, product management for DI Energy Strategy Partners, a unit of DrillingInfo, which develops leasing and other industry intelligence, says, “Leasing concentration is still in the core areas but there are certainly producers that are starting to move out and test the water in the other area.”
The most unleased acreage in the expanding area that is considered potentially prospective for economic Haynesville gas production is just north of Shelby County, she says. “There is still some open acreage there and, certainly as you get to the fringes, such as Sabine Parish, quite a bit is open there but it does not appear the sweet spot is down there yet.”
The greatest leasing activity has been in Shelby County, Texas, and Caddo, Bossier and De Soto counties, Louisiana. Those are “all pretty tight,” she says...
Full Story
http://blogs.oilandgasinvestor.com/nissa/2009/08/31/haynesville-fai...
August 31st, 2009 ndarbonne Posted in Uncategorized |
Good wells are being reported from Shelby, Nacogdoches, Harrison and Panola counties.
The Haynesville fairway is expanding, with wells of more than 20 million cubic feet a day being reported from the Holly/Caspiana area by Chesapeake Energy Corp. and Exco Resources Inc.
“Much of the early drilling was in the Elm Grove Field area. That’s where some of the highest-rate wells have been drilled to date,” says Dr. Joel Walls, vice president and chief petrophysicist with Houston-based Object Reservoir Inc., which is leading the 12-producer Haynesville Collaborative Exploitation project.
“More recently, we’re seeing some very good wells in the Holly/Caspiana area. Moving closer to the border, in the Logansport area, there was a report by Comstock Resources Inc. of a 17 MMcf/d well, and going into Texas into Shelby, Nacogdoches, Harrison and Panola counties, we’re seeing some very good wells in that area, although not at the same initial rates as the wells in the Elm Grove area.”
Walls is among presenters in the Aug. 20 webinar “The Haynesville Bottom Line: Leasing, Take-Away, Well Results” now available for viewing on demand, including presenters’ slides.
“There certainly is an expanding Haynesville development in progress. And we’re seeing lots of good wells being drilled and completed outside of what was originally considered the core of the play,” Walls says.
Is leasing expanding the same way? Ramona Hovey, senior vice president, product management for DI Energy Strategy Partners, a unit of DrillingInfo, which develops leasing and other industry intelligence, says, “Leasing concentration is still in the core areas but there are certainly producers that are starting to move out and test the water in the other area.”
The most unleased acreage in the expanding area that is considered potentially prospective for economic Haynesville gas production is just north of Shelby County, she says. “There is still some open acreage there and, certainly as you get to the fringes, such as Sabine Parish, quite a bit is open there but it does not appear the sweet spot is down there yet.”
The greatest leasing activity has been in Shelby County, Texas, and Caddo, Bossier and De Soto counties, Louisiana. Those are “all pretty tight,” she says...
Full Story
http://blogs.oilandgasinvestor.com/nissa/2009/08/31/haynesville-fai...
Tags: Fairway, Harrison, Haynesville, Leasing, Nacogdoches, Panola, Rusk, Shale, Shelby
Views: 101
Replies to This Discussion
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Permalink Reply by Les Bamburg on -
Jffree, the author needs to check some of the more recent drilling results. DeSoto Parish now has the most wells with reported rates above 20 MMcfd. Also, Comstock drilled a well in western DeSoto Parish in the Belle Bower Field with an initial rate over 21 MMcfd.
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Permalink Reply by jffree1 on
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Maybe so Les. Did you read the entire story? She did make it a point to say that while Texas IPs are not as big as some in La., they are still impressive.
Have you viewed this presentation?
“The Haynesville Bottom Line: Leasing, Take-Away, Well Results" (now available for viewing on demand, including presenters’ slides)
I have not, but it appears that the author has...
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I think more to the point than a discussion of recent very impressive IPs is that the core of the play is expanding.
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Permalink Reply by w.r. frank on -
Actually, the data presented on the call does not support the comments made herein. The presenter has a July 16, 2009 map prepared by Ross Smith Energy Group from public data that defined the HA. Shale into three categories-Core, Tier 1 and Tier 2 (exactly as the Barnett is divided). The "Core" was entirely in LA and was basically all of Desoto, most of RR, south Bossier, SE Caddo, W Bienville and a tiny sliver of N Sabine.
The HA Shale is in its "just born" infancy and the map will move the Core, Tier 1 and Tier 2 around as more wells are completed and technique and knowledge improve.
We should all be careful of maps that just show where the HS is (it is huge!) and then the use of words such as fairway and sweet spot. I think the "play' (which is the HA Shale) is expanding, but the Core has been pretty much as shown in the map for some time now. Of course, the Bienville (STR) and west Desoto (CRK) 20+ IP's really confirmed what are now the most easterly and westerly CORE.
IT WILL CHANGE OVER TIME, BUT I BET NOT IN HUGE INCREMENTs.
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The only maps I posted were from the OFFICIAL Railroad Commission of Texas website. Maybe you should tell the Railroad Commissioners they need to be more careful about what they are leading Texans to believe about where the shale activity IS here in TEXAS. Maybe you can show them the error of their ways, LOL.
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Permalink Reply by Les Bamburg on
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Jffree, I read the story and agree it is generally on point. They are just late on their timing as the core really began expanding during the 2nd half of 2008. The next big thrust looks to be to the southwest down toward Lufkin. The play is also growing to the northeast in Louisiana.
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Les, We know that because we breathe down their necks looking for any tidbit of information that might slip out. And I appreciate, so much, that great job you (and everyone else who contributes) do to help keep us informed. It just has not been touted loudly except in quarterly conference calls (and GHS) and not everyone is aware that they can glean information from those calls... even though we have done our best to bring that information into the light.
I'm just tickled that finally someone is actually saying, "Hey look, The Haynesville fairway is growing".
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I suppose that is open to debate. The only thing I am saying is that the Haynesville as it was defined last summer (2008) has changed. It now extends further south, west and now East/Northeast than was believed when we first became aware last year. The Texas side is much better defined than it was last year. The Railroad commision has put up a map that highlights the counties which are considered Core and Non-core. It has changed since they first posted it in April with the addition of San Augustine County as a non-core county. I expect it will change further as we get more well information. I don't keep up with Louisiana maps but I'm sure they have changed also since last summer.
The first available maps last year were showing the core as just lapping over into Harrison County a little. That, in particular, has changed. There was very little mention of other counties further south and west although we knew something was up because of the leasing acitivity. Now there are named Haynesville & Bossier Shale fields in four counties in addition to Harrison County which had the discovery well for the Carthage, North (Bossier Shale) Field.
http://www.rrc.state.tx.us/bossierplay/images/NFD_HaynesvilleBossie...
http://www.rrc.state.tx.us/bossierplay/images/BossierHaynesville200...
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Permalink Reply by sesport on
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jffree1 - I'm not as well versed on the development over on your "side of the world," but if you guys perceive that this is good news, I say congratulations & best of luck. :0)
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sesport, thanks. When all you can find would seem to be another dire prediction for the near term gas glut, weak gas price, etc.. finding something positive to share has to make you hopeful as to what future developement in the HA might bring. Looking for that old "silver lining" here, you might say.
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Permalink Reply by sesport on
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jffree - About 25 years ago on "this side of the world," about the time that local companies began to disappear, we never even imagined there would once again even be thoughts of a silver lining. It was once thought that this kind of "deep" operations was "uneconomical." I guess someone's kid had a dream and an idea back then that grew into the technology used today.
Once upon a time, there was also a place called "Seward's Folly," too. :0)
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