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Comment by Doug Fitzgerald on July 26, 2009 at 17:41

East Texas


At Minden, the Company recently completed its first horizontal Cotton Valley Taylor sand well with an initial rate of 9.5 Mmcf per day. This well has performed extremely well with a 30-day average rate of 7.9 Mmcf per day. "We are pleased with both the initial results and the production stability of this well," said Dinges. "These rates significantly enhance the economics for Cotton Valley development in a lower price environment, and to that end, we have identified 50 to 60 potential locations."


Also, in response to the soft price for natural gas near-term, the Company initiated an effort to exploit the horizontal Pettet at County Line - a known oil reservoir. "We have completed our confirmation wells of the Pettet Lime oil reservoir under the James Lime field. The most recent well confirms the initial discovery drilled by Cabot this past spring," stated Dinges. The Sustainable Forest #5 tested the Pettet in April 2009 with a 4,700-foot lateral and a ten-stage slickwater frac. The well IP'd to sales at 842 barrels of oil per day plus 1.4 Mmcf per day at 1,300 pounds flowing casing pressure. The 30-day average rate was 519 barrels of oil per day plus 2.0 Mmcf per day.


The confirmation well, the Timberstar Redditt #4, drilled about 4,000 feet from the discovery, was spud in May 2009 and tested the Pettet in a 5,200-foot lateral with a ten-stage frac. This well flowed to sales at an initial IP rate of 504 barrels of oil per day plus 1.2 Mmcf per day. Over the first nine days of production, the well flowed at an average of 465 barrels of oil per day plus 584 Mcf per day.


"Because Pettet oil economics are superior to the James at current commodity prices, we will shift some capital from the James program to the Pettet," added Dinges. "We have recently spud our third Pettet well and if the price disparity between natural gas and oil persists, we plan to expand the program further in 2010."

Comment by jffree1 on July 24, 2009 at 7:10

If you don't have time to listen to the Cabot call tomorrow, look for a transcript. They made the statement (in latest press release) that they have two horizontal Bossier wells drilling in the County Line field. Who has a rig locator?

Comment by jffree1 on July 19, 2009 at 7:56

XTO - Aug. 5th

Comment by jffree1 on July 19, 2009 at 7:07

San Augustine County

Southwestern Energy completed the Timberstar-Tartt Well No. 4H to 12,723 feet 1.6 miles north of Attoyac in the Angie Field. On a 34/64-inch choke the well potentialed 4.339 million cubic feet of gas in the James Lime.

Comment by James L. Williams on July 18, 2009 at 2:49

Southwestern Energy (SWN) Second Quarter conference call is on July 31.

Comment by JWC on July 18, 2009 at 2:10

Devon Second Qtr Conference Call is August 5th.

Comment by intrepid on July 15, 2009 at 0:19

Might want to add this to your calendar, Cabot Oil & Gas Corporation Second Quarter 2009 Conference Call – Friday, July 24th, 2009 9:30AM EDT

Comment by James L. Williams on July 10, 2009 at 3:05

I recently received payment from Seitel for 3D seismic survey of land on the South side of HW 21 in Denning. I was told that several companies were paying for the survey, including two I specifically asked about, Southwestern Energy and Cabot Oil and Gas.

Comment by ALongview on July 9, 2009 at 18:04

Cheerleader, I should have said just West of SA and N of 21.

Comment by ALongview on July 9, 2009 at 18:01

E. Quirk a-35. I think it was done for whoever will pay for the results not one specific o&g company. Pretty widespread across Northern SA County from what I heard.

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