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Permalink Reply by Les Bamburg on June 22, 2009 at 17:41

Pipeliner, it is interested to note this "massive" gas field is equivalent to somewhere between 7 Sections to 2 Township-Ranges of the Haynesville Shale. It just shows how truly "massive" the Haynesville Shale is when compared to other gas fields.

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Permalink Reply by Pipeliner on June 23, 2009 at 8:08

Les B,

You are right, if by-world standards- the Shell find was "Massive", then the Haynesville Shale is much bigger

Plus, the HS being a land-based field with infrastructure in place, it is much cheaper to develop than an off-shore field.

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Permalink Reply by P.G. on June 22, 2009 at 18:50

With all this NG available, it doesn't make much sense to not use it for transportation fuel.

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Permalink Reply by w.r. frank on June 23, 2009 at 1:10

Let's do the math here. The article says estimated "recoverable" NG of 10 to 100 bM3. That would be 353 bcf to 35.3 tcf. If you take AM's (CHK) estimate of recoverable NG in the Haynesville of 250 tcf, the the HA ranges from 70X to 7X the size of the "massive" new field.

If the average well in the HA is 7 bcf and 8 wells/section, then the EUR/section is 56 bcf, so on the low end of the range, it would take only 6.3 sections of "average" HA to equal this"massive" new NG field. At the upper end, it would take 63 sections (less than two townships) to exceed this "massive" new field.

So, at the high end of the new, massive field, 16N, 11W and 15N, 11W (surely in the HA sweet spot) would comfortably exceed the EUR of the North Sea find.

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Permalink Reply by Steve Thibodeaux on June 23, 2009 at 1:57

does anyone know if this is in sabine or aroundsec 6 township 9 n r11w in sabine parish

"Still Hoping"

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Permalink Reply by Les Bamburg on June 23, 2009 at 2:58

Steve, you are just 1 mile south of the Murray 31 #1 well so should have a good shot at being in the Haynesville Shale.

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Permalink Reply by Les Bamburg on June 23, 2009 at 2:53

WR, just want to note you have one small typo. The range was 353 Bcf to 3.53 Tcf.

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Permalink Reply by w.r. frank on June 23, 2009 at 7:39

You are CORRECT! Thanks.

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Permalink Reply by JHH on June 23, 2009 at 9:52

Just Great! Maybe they can convert it to LNG and ship it here?
jhh

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Permalink Reply by Pipeliner on June 23, 2009 at 10:24

JHH,

Norway can send this gas, once the field is develoed, through their existing export pipelines to other European countries where the prices are much higher than in the U.S. There is a ready market in the old Warsaw Bloc countries, where these countries want to end reliance on Russia gas.

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