Just a note on the discussion about Shale Under the Haynesville, CGG Veritas is starting to conduct a new lease of Seismic with the smackover as the target. I was told this time it is for all the oil under the Haynesville. This will be the 5th time someone that knows the play has mentionedit and this now confirms, something is there. Belive it or not but just was contacted by Veritas last week, along with Neighbor, We havbe active Hayensville wells on our preoperty and we Seismic tesed last summer. , Any other stories mare welcome.
Lets beat this ole dog some more. Seismic doesn't mean oil.
Don't get me wrong, I hope someone finds billions of barrels of oil somewhere. But this doesn't make me feel a whole lot better about where it is.
My question is to anyone who cares to comment - Back in the mid 1960s there was an oil boom in Sabine Parish - what was it that spurred the boom - did they do seismic back then? I do know for a fact that gas caused many wells to be plugged and abandoned. So, if oil was thought to be in Sabine Parish back then, is it a possiblity with new technology that this could be a field of interest again in the future? Mike, if you are still out there I would like your career based opinion.
XTO is extracting condensate from under the haynesville well after well from the gray sand formation in the Cotton Valley field at depths over 11,000 feet, giving to the possibilty that wet gas exists as production extends toward the basin. The drill bit will have the final say,IMHO.