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Permalink Reply by VSC DeSoto South on May 24, 2010 at 11:53

So if you are HK, and you are in 12W, he is saying this area is not de-risked and they won't be working there at this time?
What does de-risked mean, does it mean they don't have enough data to move forward with the drilling schedule?
The other operators have drilled in these areas, haven't they, the not de-risked areas, I mean?

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Permalink Reply by Skip Peel - Mineral Consultant on May 24, 2010 at 12:10

What township, VSC. The comment on acreage not de-risked that I noticed were those townships east of 9W.

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Permalink Reply by Henry on May 24, 2010 at 23:04

VSC,
If I remember, your land is in 11N-12W. Petrohawk is active in that township, with units in Sections 3, 12, 35, and 36. They have been given a permit to drill in Sec 36. Much of 11N-12W is unitized by SWEPI, CHK, and EOG -- the only part not unitized is the eastern edge.

HK is also going to be active in 11N-11W, where they have 5 units. They are not very active in the other units immediately around 11N-12W, but this is mostly because CHK and SWEPI have already unitized most of that area.

The next nearest areas of HK activity are in the SW corner of 10N-13W, and the western edge of RR Parish.

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Permalink Reply by Skip Peel - Mineral Consultant on May 25, 2010 at 1:24

It is easy to assume that because a company has formed a drilling & production unit(s) that the section(s) is productive for the Haynesville Shale. When those units are on the outer edge of the Play the formation of units does not guarantee productivity. Hence those areas have not been de-risked by the drilling and successful completion of wells. In areas where there are no existing modern well logs to required depth, operators will drill wells to test the shale. And sooner or later the shale will pinch out or become uneconomic as in north Caddo and Bossier.

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Permalink Reply by Les Bamburg on May 25, 2010 at 2:58

VSC, the area not de-risked was primarily in Bienville Parish and centered in T15N-R7W. There has not been sufficient wells drilled in this area to de-risk the Haynesville Shale. There is proven conventional natural gas protential and I thought Petrohawk did say they intend to drill 1-2 wells this year to test the Haynesville Shale in the area.

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