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Comment by jffree1 on May 6, 2009 at 12:36

ALongview, I think they won't have any trouble getting those units drilled...

From page 4:

In the first quarter, we drilled 451 wells. (Of course, that was a total for all production.)

Comment by jffree1 on May 6, 2009 at 12:32

They said that they own most of the minerals under their La. acreage and that a large portion of E. Tx. (Carthage) is HBP. So they don't have as much acreage as some other operators to worry about leases expiring on.

Comment by ALongview on May 6, 2009 at 12:20

For them to drill and hold all of this it would take 73 or so units of 640 acres. I think they can do 73 wells in the next 2-4 yrs with renewals. It sounds as if they own or HBP most of the rest of it? That is encouraging don't you think?

Comment by jffree1 on May 6, 2009 at 12:12

Devon Energy Corporation Q1 2009 Earnings Call Transcript
Page 5 out of 10|May 06, 2009 Seeking Alpha

Dave Hager, Executive Vice President of Exploration and Production

We also have a very good acreage position in the southern part of the play, which lies south where most wells have been drilled to-date. We have 47,000 net acres in Sabine Parish, Louisiana and the contiguous counties of Sabine, San Augustine, and Nacogdoches in Texas. While Devon has not yet drilled in this part of the play, the technical data indicates this could be a very perspective area.

Comment by intrepid on May 4, 2009 at 18:00

Comment by jffree1 on May 2, 2009 at 10:11pm
I was being funny but you got my point, LOL.

The truth is often said in jest. You were spot on. As usual.

Comment by DR on May 4, 2009 at 13:35

From today's St. Mary press release:
In the Haynesville shale program, the Company is currently drilling its second well targeting the Haynesville shale formation. The well is located in northern San Augustine County, Texas. After coring the James lime and Haynesville shale sections, this well will be drilled to the deeper Haynesville/Cotton Valley lime formation for evaluation purposes. St. Mary currently expects to complete the well as a vertical Haynesville shale test. One additional well targeting the Haynesville shale is planned for later in 2009.

Comment by jffree1 on May 2, 2009 at 16:11

I was being funny but you got my point, LOL.

Comment by intrepid on May 2, 2009 at 15:46

Getting the latest well info in Texas is like trying to catch minnows with a butterfly net.

Well said, jffree1.

Comment by jffree1 on May 2, 2009 at 7:23

I am going to back peddle some now. I said they (Cabot) were going to drill a lateral on KVG#3. That is probably wrong. They have said they are going to drill a horizontal in the shale at County line. They also said they were encouraged by what they saw with KVG#3. I made an assumption that they would take that well horizontal.

However, if you go back to the permits... KVG#3 is between the laterals of #1H and #2H and (someone correct me if I get this wrong) #3 was permitted vertical only because of it's proximity to the other wells. It has been pointed out to me that there is no room to drill a lateral on #3. I'm not an expert so I can't comment on that.

So, look for another Cabot well to go horizontal in the shale... and who knows what they will say or do about KVG#3? I don't.

Comment by jffree1 on May 2, 2009 at 7:11

Seeking Alpha - Cabot 4th Qtr 2008 Earnings Call Transcript

http://seekingalpha.com/article/120556-cabot-oil-amp-gas-q4-2008-earnings-call-transcript?page=5

Dan Dinges:

I am not going to get ahead of myself in talking about what good results we have in vertical well in County Line. I am going to say that we are optimistic and we have seen a big section, high pressures in gas but again it is an area that we will probably duck or tale a little bit until we are able to show tangible result.

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