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Comment by easttexas12 on August 26, 2008 at 6:51

Forest oil is permitting a well to the Haynesville Shale 4 miles west of Henderson Tx.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=HINSON%2BGAS%2BUNIT%2BNO.%2B1&univDocNo=485247973

Comment by Lee Norman on August 26, 2008 at 5:37

New members should read the following report and excerpts
http://www.gohaynesvilleshale.com/forum/topic/show?id=2117179%3ATopic%3A101031

To except some key points, Chesapeake says the HS is 3,000,000 acres. They know where the boundaries are. The shale on average is 220 ft deep. Each square mile has 180 BCF of gas. Current technology says they can recover 52 BCF of gas per square mile. That is 29% of the gas that is there. At $8 per Mcf of gas, they can recover $650,000 per acre. They expect 8 wells per square mile. That is 1 well per 80 acres. That is $52,000,000 of gas recovered per well at current technology and current prices.

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