Red River Parish

All things, people, companies, places & geology related to the Haynesville Shale play in Red River Parish.

Thorn Lake Field

New permits continue to be taken in Red River Parish.  Petrohawk has recently permitted two wells in the Thorn Lake Field (09-14-11).  What is the economic impetus for this?  Why do some companies continue to drill and others walk away from leases?

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    Skip Peel - Mineral Consultant

    Petrohawk is a unique situation.  The company lost is primary credit facility, Lehman Brothers, early in the Haynesville Play and struggled to maintain their lease acquisition schedule.  Since being acquired by BHP Billiton the company has the financial ability to finish holding those leases deemed valuable and has even taken some new leases.  The wells permitted by Petrohawk are largely unit wells.  They will probably drill few if any alternate unit wells.  Petrohawk, like all the major Haynesville players will be here for decades to come and they are performing some housekeeping for the end of HA Phase One with that in mind.

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      Les Bamburg

      CM, these two wells are in addition to the original Haynesville Unit well in this section.  The Thorn Lake Field is located in some of the best Haynesville Shale area.  Petrohawk/BHP may be hedged on natural gas prices and these wells could generate very good economics. 

       

      Each company's situation is different regarding quality of their Haynesville Shale acreage, natural gas hedge position and alternative drilling opportunities.  Hence the reason some operators have remained active in the Haynesville Shale for now while others have stopped all drilling.  

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