Two database reviews today brought home to me how far the Play has progressed and that it has entered a new phase of development.

 

 I check the public hearing schedule each day to record Haynesville unit applications, as I have done for almost three years now.  The spreadsheet that I use to track the unit applications has 37 lines per page.  Over the last half of 2010 each page has contained the applications for 2 to 4 hearing dates.  The page I am working on currently contains the applications for 11 hearing dates.  And I still have 2 lines left.  The formation of HA Drilling & Production Units has slowed to a crawl.  IMO, this indicates that HA operators have ceased step out drilling and are now focused on production drilling.  A number of recent company reports have stated this shift in focus.  Most recently EnCana.

 

I regularly check the "Wells Permitted By Date"portion of the database as I maintain a running list of new permits for an industry client in their area of operation.  The list of District 6 permits for Monday through Wednesday contains 37 total.  27 are Haynesville horizontal wells.  Of those 27, 9 are permits for the initial well in a unit or section.  18 of the permits are for alternate unit wells. All but 2 are EnCana/SWEPI wells.  Of those 9 permits for initial wells, Chesapeake had 5, SWEPI - 1, Petrohawk - 1, EXCO - 1 and J-W - 1.

 

Development activity has been on this trend through the last quarter of 2010.  And the continuing supporting data makes it plain to me that we will likely see this for some time to come.  I am hopeful that future improvement in nat gas prices will stimulate a return to step out drilling.  The EnCana corporate report mentioned previously tends to give the impression that ECA and SWEPI think they have performed sufficient exploration to model the  majority of the basin over 30 months of drilling.

Views: 423

Reply to This

Replies to This Discussion

Hopefully, they get a second bite at the apple.

 

Just might not be as soon as some of us hope.

Just looked it up again.  The 1500 acres expires June 19th.

 

For the first time since the month of February, 2008, the Department of Natural Resources Commissioner's Public Hearings for Drilling & Production Unit applications did not include one new Haynesville Unit application for the month of April, 2011.  Formation of new units has slowed to a crawl but not stopped.  The first hearing date for May has an application by Chesapeake for two HA units in the Logansport Field.

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



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

Badges  |  Report an Issue  |  Terms of Service