All,
I recently elected to participate in a series of BP-operated Haynesville wells in Nacogdoches County, Texas. The amount appears to be understated. Has anyone recently participated in one of their 10,000' wells and can share the AFE amount or a rough estimate? This question applies to anyone who may have heard how much they are drilling the wells for as well...please let me know your thoughts on this.
Thanks in advance.
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Hard to make a profit at $3 gas and $18M well cost.
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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