Replies to This Discussion

Permalink Reply by Wolfer on August 27, 2008 at 8:37

easttexas 12

I have land in this area and watch it closely in the field you are referring to west of Overton, they are drilling the CV Sand below 12,000, the further west you go the deeper it gets be it CV of HS/BS. Believe me I hope this thing does go West but if it goes that far west I believe it will be well below 12,000.

Permalink Reply by easttexas12 on August 27, 2008 at 9:12

SW of Overton (I think its Smith county?) by Chesapeake going down 13000' to "Wildcat" they like to call it. Wildcat/Jurasic/Haynesville Shale/Bossier, I don't think they've settled on a name yet lol. There's another well SW of this one permitted to "Wildcat" by Chesapeake that is more explanitory than this one.
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Permalink Reply by easttexas12 on August 27, 2008 at 9:41

Wolfer, this H.S. horizontal well is about 4 miles southeast of Tyler down hwy 110.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Permalink Reply by Wolfer on August 27, 2008 at 11:06

I have seen the one on 110 and wasn't sure what they were looking for since there is not in a proven field, if you keep going west there is some deep travis peak wells, I hope your right and this is HS, only time will tell, thanks for the input.

Permalink Reply by intrepid on September 14, 2008 at 10:57

"The Haynesville is over pressure and as a result, the Haynesville wells have a real advantage as the compression cost can be avoided for years as the reservoir pressure will exceed line pressure. "

Permalink Reply by intrepid on September 14, 2008 at 11:04

I'm not sure that they said HS acreage would be going for $50,000 an acre at some point.

"The second part of this new aspect to the company’s business plan is demonstrated by the recent transaction Chesapeake entered into with PXP in the Haynesville.

In that transaction Chesapeake sold 20% of its 550,000 net acres for $3.3 billion, half in cash up front and half over time in the next few years. To date the total investment in the Haynesville is around $4 billion so by selling 20% for $3.3 billion Chesapeake has recouped 80% of its cost, lowered per acre average cost by 77% from $7,100 per net acre to $1,600 per net acre, and established a remaining value of about $22 per share for remaining 80% of this unique asset. This transaction reduced the risk, lowered the cost, aggressively advanced present value creation forward, and has provided valuation transparency for this enormous asset. In time this acreage will be worth at least $50,000 per net acre to Chesapeake or $37.00 per share."

An asset that is worth $50,000 per acre does not mean they will be paying landowners $50,000 per acre to lease the land.

Permalink Reply by Wolfer on September 16, 2008 at 9:49

easttexas12
Forest Oil ammended their permit today on a well 5mile west of Henderson 401-34788 to include Carthage, North(Bossier Shale), it is permitted to 13,000 feet