Replies to This Discussion

Permalink Reply by Les Bamburg on February 24, 2009 at 10:46

Smoke, EnCana recently stated they plan to spend $6 billion in capital in 2009 with a lot of that directed at East Texas and North Louisiana. Specific to the Haynesville Shale they plan to drill 52 wells in 2009 which likely equates to 9-10 drilling rigs. Because EnCana has hedged a lot of their gas production I believe they can handle the low prices in 2009. Finally, lease expirations almost force them to continue drilling at their current pace.

Permalink Reply by redrivergal on February 24, 2009 at 13:05

Smoke,
Encana is very active in RRP. They have many, many acres leased in RRP on which the leases will expire in June 2010. Many of these were originally 3 year leases (with options for years 4 & 5) that they got in June 2005 for amounts that varied from about $100-$250 per acre. Renewals were as little as $37.50 per acre in some cases. They've already exercised their 4th and 5th year renewal options in many of these situations, so it will be very interesting to see what happens when it comes time for the leases to expire next year. I'm sure Encana would like to drill as many wells as fast as they can since they got such a bargain when they leased the land in 2005. Of course, when we leased back then, we were thrilled. It was a good deal at the time.

Permalink Reply by Bacon on March 22, 2009 at 0:03

They seem pretty busy in RRP and most, if not all, of the wells they are drilling are horizontal.

Permalink Reply by Joe Hahn on March 25, 2009 at 14:08

The word is Encana is bringing in approximately 10 - 15 more rigs. One of which will be doing a "spyder" technique which will allow three to four horizontals to be drilled from one location.

Permalink Reply by Bacon on April 5, 2009 at 7:27

They are negotiating for a 12 acre pad in 14/11. Wonder if that's what they have in mind for it.

Permalink Reply by HS on April 6, 2009 at 15:44

well this is not concerning encana but trying to find out what kind of leasing activity is going on in rrp, got call from petrohawk today interested in some there , in township 12
north. also wasnt there a petrohawk well completed maybe north of there a while back that was very large, appreciate any info on this

Permalink Reply by Les Bamburg on April 6, 2009 at 16:50

HS, are you referring to the following well that was tested at 28,200 Mcfd:

Petrohawk, Sample 9 #1 Well, Serial #238116, S9-T14N-R11W, Thorn Lake Field, Red River Parish

Permalink Reply by HS on April 7, 2009 at 6:57

les b appreciate the feed back , i guess this is the petro well , can you tell me in miles how far from t-12. range 10, sect 6, 7, 8, or 18 .also if anyone knows any lease money that is being paid in that area if any and who, thanks

Permalink Reply by Les Bamburg on April 7, 2009 at 15:02

HS, the Sample 9#1 would be about 12 miles north-northwest of your acreage. The following well is 6 miles northwest of your acreage and tested at 17.5 MMcfd.

Petrohawk, Matthews 16 #1 Well, Serial #238373, S16-T13N-R11W

By the way, the website would not let me respond directly to your post.

Permalink Reply by cocodrie man on May 1, 2009 at 9:27

Our lease has been assigned by EnCana to Petrohawk as of April 28, 2009. What does this mean and what is the significance of this action?

Permalink Reply by Les Bamburg on May 1, 2009 at 9:45

CM, that means your lease contract is now with Petrohawk. Petrohawk may have already been in control of most of the acreage in your section and operator of any unit. If you are willing to provide your section-township-range information I can check for the unit.

Permalink Reply by cocodrie man on May 1, 2009 at 11:07

Thanks, Les. Our Red River Parish Property is in Township 12, Range 11 West and in Sections 2, 3,10,11,13,14,15, and 24. We were part of a multi-thousand acre deal with EnCana so I do not know if Petrohawk did in fact have most of the acerage in that section. How much is a section? Isn't it 640 acres? I wonder if there is any substantial difference between EnCana and Petrohawk at least in the way they treat owners?

Cocodrie Man

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