Oil & Gas Pro

Shreveport Times: Oil & Gas Activity (9/20/09)

The following are links to a list of recent well permits and completion reports for Northwest Louisiana:

http://www.shreveporttimes.com/article/20090920/NEWS05/909190345/1064

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landownerPermalink Reply by Spring Branch,mineral owner on September 20, 2009 at 2:43
Les, though drilling certainly hasn't slowed dorm, I've noticed that the last month or so very few wells have had IP's announced. If I look on Sonris, well after well is either awaiting completion or awaiting pipeline. Do you think companies (especially CHK) are intentionall dragging their feet on turning wells to sales because of price, especially in areas without substantial infrastructure???

Oil & Gas ProPermalink Reply by Les Bamburg on September 20, 2009 at 2:52
SB, I think the infrastucture issue is the main factor. Since a lot of the drilling activity has migrated away from existing producing wells, new gathering lines and trunklines are required. Also in the southern half of the play, new CO2 removal units are probably required.

Low natural gas prices are likely also a factor but that will vary by operator and their particular hedging position.

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