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Penn Virginia Corporation Announces Lower Bossier (Haynesville) Shale Well Results

Penn Virginia Corporation Announces Lower Bossier (Haynesville) Shale Well Results

Penn Virginia Corporation (NYSE:PVA) today announced the results of a horizontal Lower Bossier (Haynesville) Shale well in Harrison County in east Texas.

PVA successfully completed the Steele #2-H well (100 percent working interest) which tested at an initial production rate of approximately 11.4 million cubic feet of natural gas per day with a flowing casing pressure of approximately 4,600 pounds per square inch. The well had an approximate 4,000-foot lateral and was stimulated with approximately 2.5 million pounds of sand and bauxite over ten stages. This well has the highest initial production rate of any Lower Bossier Shale well PVA has drilled to date in east Texas.

PVA is in the process of completing an additional Lower Bossier (Haynesville) well.

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Permalink Reply by BirdDawg, plain ole' idiot on June 2, 2009 at 13:25
Coonman
Sounds like a good well to me. I think people that are in the right places in East Texas are very fortunate.

landownerPermalink Reply by Checkmateking on June 2, 2009 at 13:56
Good news.

landownerPermalink Reply by raymond hoss on June 5, 2009 at 10:42
raymond hoss needs to know if someone could tell me what survey the steele well is located. my wife ownes some land in j cellum survey also leased by penn virginia. hope you can help me Thanks raymond. june 5.2009

Oil & Gas ProPermalink Reply by Les Bamburg on June 5, 2009 at 11:04
Raymond, information indicates the referenced well is in the H. Roberts 918 Survey. Sorry!

Oil & Gas ProPermalink Reply by Les Bamburg on June 5, 2009 at 11:11
Raymond, GMX Resources drilled the Verhalen "A" 2H Well in the J Cellum A-145 Survey and that well tested at 8.5 MMcfd in the Bossier Shale.

landownerPermalink Reply by raymond hoss on June 8, 2009 at 2:48
Thanks Les B for the information on the Wells in Harrison county. My wife does own property just East of Verh alen "A"2H. Hope Penn Virginia will drill soon. Thankks so mutch Raymond Hoss

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