Replies to This Discussion

Permalink Reply by jffree1 on January 25, 2010 at 5:20

Cool! Was that a press release?

Permalink Reply by ALongview on January 25, 2010 at 6:04

Yes, I only copied the East Texas portion.

http://www.rigzone.com/NEWS/article.asp?a_id=86276

Permalink Reply by jffree1 on January 25, 2010 at 7:55

Thanks! With a rig scheduled to appear March 1, they need to get busy and permit a well somewhere, don't you think?

Permalink Reply by ALongview on January 25, 2010 at 8:33

I f they plan to drill 4-5 wells they are going to have to keep it moving from the outset.

This also from St. Mary presser on their 2010 budget of which $89 million will be spent in the Haynesville.
Haynesville shale plans to drill six horizontal wells and one vertical well in 2010, all of which will be drilled in San Augustine and Shelby counties, Texas. The drilling program has been designed to utilize recently acquired 3D seismic data while preserving core leasehold that constitutes roughly 64% of the capital budget allocated.
I hope we are core leasehold!
Add these 10-11 Haynesville/Bossier wells to the 50 that Devon plans on drilling and the unknown quantity that Cabot, Southwestern, Samson, EOG, XTO, and others and we could see a pretty healthy level of activity in the "Haynesville South"......more than one per week at that rate and looks to be the same for 2011 if estimates hold true and the POG holds tight.

Permalink Reply by jffree1 on January 25, 2010 at 10:07

I guess the Ironosa 1H will probably be their first horizontal well. I forgot they had a permit... Sr. moment, LOL.

Permalink Reply by Cheerleader on January 25, 2010 at 13:31

jffree,
I think this information/press release, for Crimson, was also on oilvoice.com

Permalink Reply by jffree1 on January 25, 2010 at 13:58

Thanks, CL.

Permalink Reply by Sheila Ponder on January 25, 2010 at 5:44

This is great I hope that they come on down 21East. Then they can come on up Fm.1 to our place!

Permalink Reply by ken hatcher on January 25, 2010 at 10:41

If you look at the way this thing is going on both sides of the lake......north sabine should be right there!

Permalink Reply by jffree1 on January 25, 2010 at 13:54

It's just going to take one decent well, Ken. Someone will have to make that first move and it's looking like a toss up between Crimson and Devon (maybe both together) to take the first step. I thought things were starting to move when Range permitted two wells but either they aren't in any hurry or the Forest Service is holding things up.

Permalink Reply by Cheerleader on January 25, 2010 at 17:16

jffree,
Once the well is permitted doesn't the OG have a time limit as to commencing the well?

Permalink Reply by jffree1 on January 25, 2010 at 17:30

The permit is good for two years, I believe.

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