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Comment by intrepid on February 14, 2009 at 16:49

Dennis R, thanks for the info on the conference call. Did they mention anything about future drilling nin or near County Line or any parternerships with other O&G's - like BP?

Comment by DR on February 14, 2009 at 3:57

On the conference call Cabot's CEO said that they are leasing around their County Line acreage. Also said that other E&P's will continue to lease but without the knowledge of actual result from the deep vertical well (Von Goetz #3). Lot's of great info some 21 minutes into the conference call.
A lot of discussion on the CC some 21 minutes into the call.

Comment by intrepid on February 13, 2009 at 19:40

Cheerleader, go to cabot's website and look at the presentation for the Feb 13 conference call. There are some slides on the powerpoint that might give you as good an idea as any about the general area. If anyone has an exact perimenter maybe they will share it.

Webcasts/Presentations and
Conference Calls

Cabot Oil & Gas Corporation 4th Quarter 2008 Conference Call – Friday, February 13, 2009 9:30AM EDT

Cabot Oil & Gas Presents at the Bank of America 2008 Energy Conference – November 13, 2008 | 3:10PM EST

- Click Here for Presentation

Comment by Cheerleader on February 13, 2009 at 18:09

Will someone please tell me what the perimeters of Cabot's "County Line" are.

Comment by DR on February 13, 2009 at 16:08

Cabot Oil & Gas Provides Operations Update
Thursday February 12, 6:00 pm ET

"The Company's third initiative was to drill a deep vertical test of the Haynesville section at County Line. This test, the Von Goetz #3 was drilled to a total depth of 13,800 feet through the Haynesville limestone. Excellent shows were encountered throughout the shale and limestone section. Production casing was run and three fracs were performed. The Haynesville limestone, lower Bossier (Haynesville) shale and the middle Bossier shale were all tested. "We are extremely pleased with the results, but with the competitive nature of this play, we will not release specifics at this time," said Dinges. "We do plan to move in a rig and drill a horizontal test to evaluate these zones in the near future."

Comment by ALongview on February 8, 2009 at 15:48

It seems quiet everywhere. I have a question however. In listening to Devon's call the other day, they said that because the high pressure shale pays off fast that it makes no sense to drill it at these prices. On the other hand I have heard others (smaller companies) on their calls say that is precisely the reason they have focused on the shale in 2009 (cash flow issues I assume). How will the larger independents like Devon hold 570,000 acres, most of which are on 3 year leases if the price of gas is expected to hover around 5-6 dollars well into next year? They plan on drilling 12 HS wells in 2009!!! TWELVE!!! Will they then be forced to drill the leases with no options first and then move on to the ones with options? Or, will they just drill the areas they think are best and let the rest go? Any thoughts from others with more experience or knowledge is welcomed and appreciated.

Comment by JWC on February 8, 2009 at 15:33

Are there landmen still in SA? If so what companies. Seems extremely quiet to me.

Comment by ogmladvisor on February 8, 2009 at 4:36

...unless they are trying to block something up, in which case they might pay a little more. But across the board 5k offers? No way.

Comment by ogmladvisor on February 8, 2009 at 4:34

I seriously doubt someone is paying 2k right out of the gate...if it is true, I would like to know who it is. The 5k information on EOG is just flat wrong.

Comment by JWC on February 8, 2009 at 3:19

Thanks j. Good to hear there is some activity in the area. It appears to me most of the activity is north of hwy 21.

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