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Comment by jffree1 on April 30, 2009 at 17:02

Intrepid & ALongview, From what I have read, Cabot is optimistic about both the HA shale and the HA lime. They are cautious though. Probably won't say much until they have the goods. If I tried to predict when they will say something about KVG#3, I might be clairvoyant! Getting the latest well info in Texas is like trying to catch minnows with a butterfly net.

Comment by Doug Fitzgerald on April 30, 2009 at 14:48

East Texas - Southwestern participated in drilling 11 wells in East Texas during the first three months of 2009, 9 of which were James Lime horizontal wells. Production from the company's East Texas properties was 7.8 Bcfe for the first three months of 2009, compared to 8.1 Bcfe for the first three months of 2008.

At March 31, 2009, Southwestern held approximately 105,700 gross acres in its Angelina River Trend area, which consists of several separate development areas located primarily in four different counties in East Texas where the company is targeting the Pettet, Travis Peak, James Lime and Haynesville formations. During the past year, the company has primarily focused its drilling activity in this area on the James Lime formation where it has 21 operated wells on production which had average gross initial production rates of 8.8 MMcf per day. Southwestern's current net production from the James Lime is approximately 30 MMcf per day, including production from 16 outside-operated wells.

In the second quarter of 2008, Southwestern signed a 50/50 joint venture agreement with a private company to drill two wells targeting the Haynesville/Bossier Shale intervals in Shelby and San Augustine Counties, Texas. The first horizontal well, the Red River 877 #1 located in Shelby County, reached total depth in the fourth quarter of 2008, was production tested at 7.2 MMcfe per day in the first quarter of 2009 and is currently producing approximately 3.0 MMcf per day. The second horizontal well, the Red River 164 #1, has reached total depth and it is expected to be completed and tested in the second quarter of 2009. Pending further results from these wells, the company may invest more capital in the Haynesville/Bossier Shale play than previously planned.

Comment by ALongview on April 30, 2009 at 12:35

When do you think they will disclose the numbers on the KVG#3?

Comment by intrepid on April 30, 2009 at 10:23

jffree, the James Lime is obviously very good for Cabot. HS maybe better?

Comment by jffree1 on April 29, 2009 at 14:14

(Didn't copy enough the first time)

At County Line, we have drilled 50 wells with consistent results from this play. Those 50 wells were and are James Lime completions. The field average IP is still approximately 10 million per day, with an average 30-day rate of 5 million per day, again from the James Lime.

Comment by jffree1 on April 29, 2009 at 13:58

Cabot Earnings Call Transcript (Pg.3)
Comments regarding HS in County Line Field

During the first quarter, we have drilled and completed nine wells with an average IP of 8 million per day and average 30-day rate of 4 million per day. These flow rates are a little bit less than what we have seen as the average, and that's as a result of a conscious effort on our part to flow back these wells at a lower rate to keep the fracs in, in place a little bit longer.

We think this process will result in better wells in the long run. In regard to a horizontal Haynesville Shale well, we have agreed to an AMI with one party to drill our first horizontal shale well and we continue negotiations in another area to drill a second horizontal well. These wells will test the productive section we encountered in our vertical Von Goetz #3 well drilled last year on our County Line acreage. There is some recent Haynesville activity in the County Line area that continues to encourage us about this area for the Haynesville Shale.

Comment by intrepid on April 27, 2009 at 7:31

Sandstone, I saw those seismic cables also. Maybe Center will someday look like Kilgore once did.

Comment by Sandstone on April 25, 2009 at 5:18

I was in Center today and saw seismic cables running all over the town proper. Parking lots may be soon covered with gas wells. LOL Also, does anyone know about the Cactus drilling rig in the area?

Comment by Cheerleader on April 22, 2009 at 18:17

Motherload People,
Jurassic Exploration has been posting since AT LEAST July 2008. Their positive remarks are nothing new regarding San Augustine's many formations and future in the Haynesville. Lessor's "inside man" at Cabot, RE: KVG #3 is confirming postive results by simply refusing to disclose information. If the KVG #3 was a bust we would have heard about it months ago. The Haynesville has been public information for less than a year. I think the OGs have done a remarkable job to come as far as they have in such a short time. They had to start somewhere and just because it wasn't in San Augustine doesn't mean San Augustine has any less of a play.

Comment by DR on April 22, 2009 at 15:29

Cabot will report 1Q financials on April 29th. Let's see what Cabot's management has to say about their County Line project/Von Goetz #3 well results.

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