Cubic Energy provides drilling schedule for 2010
Cubic Energy provides drilling schedule for 2010
Published Apr 8, 2010
Cubic Energy reported based on drilling projections recently provided by operators of its Haynesville Shale acreage, the Company is scheduled to participate in up to 13 gross and 4.62 net horizontal Haynesville Shale wells (36.2% working interest) in calendar year 2010.
If these projected wells are drilled as currently scheduled, Cubic's capital expenditures for the calendar 2010 drilling program could exceed $40,000,000. Cubic's share of the cost of the majority of these wells currently scheduled to be drilled through December 31, 2010 would be covered by a Drilling Credit acquired in November, 2009. Generated cash flow, cash on hand and/or existing credit availability could also be utilized for drilling obligations, if necessary. These wells are operated by other companies and the current drilling schedule for these wells is subject to change based upon factors beyond Cubic's control.
Cubic also announced a peak twenty-four (24) hour flow rate of approximately 1350 Mcfe per frac stage from its Red Oak 6 No. 1 well (35% working interest) in its Bethany Longstreet acreage in southern Caddo Parish, Louisiana. Only five frac stages of the anticipated fifteen were pumped due to a breach in the casing at approximately 11,000'. However, an additional well with a 10 to 15 frac stage completion is already planned for this Section.
Buck
Views: 33
Replies to This Discussion
-
Permalink Reply by Skip Peel - Mineral Consultant on -
Cubic hits trouble in Haynesville bore
US junior Cubic Energy said flows at the Red Oak 6-1 well were curbed after the a casing breach only allowed for five successful fracture stages.
Upstream staff 08 April 2010 22:38 GMT
The well came in at a peak 24-hour flow rate of 1.35 million cubic feet per day.
Cubic, which has a 35% working interest in the well, had planned 15 frac stages in the well but the casing failed at 11,000 feet, scuttling the final 10 stages.
The company said it plans another well on the same section that will target the unfracced zones with 10 to 15 stages.
In all, Cubic plans to participate in 13 gross and 4.62 net horizontal Haynesville shale wells this year at a cost of about $40 million, but most would be carried under a drilling credit deal that was struck in November last year, the company said in a release.
Published: 08 April 2010 22:38 GMT | Last updated: 08 April 2010 22:38 GMT
-
Permalink Reply by Skip Peel - Mineral Consultant on
-
Not "my" flow rate. LOL! It's a "cut and paste" of an Internet article. Posted by yours truly with no comment. I will gladly pull the plat when I return but now I must be off for Uncertain, TX. and Caddo Lake where I will host a group of TX. friends for a beautiful Spring weekend fishing, boating and cooking. Might even be a cocktail or two involved. Have a good weekend.
-
Permalink Reply by Spring Branch,mineral owner on -
Have fun, Skip!
-
Permalink Reply by Spring Branch,mineral owner on
-
Exco is the Operator of this well. I believe the IP was 1.35 million cu ft per completed frac (5) rather than 1.35 million/day. Does anyone on the site know if the Exco/Cubic agreement included the Cubic operated Sections in northern 15/15 ( Johnson Branch Field)? I own a few acres in 15/15 Section 10 where Cubic has a Cotton Valley well that is holding the Section. The Gloria's Ranch 10 Cotton Valley well was completed in February, 2008 with a whopping IP of 184,000 cu ft /day. It has not quite made 6 million cu ft of gas since that time, and made 3,000 cubic feet in January of this year.....that is about $13.00 for the month, gross. I'm sure hoping that Exco is taking over as Operator and that a Haynesville gets drilled. That would probably be too much luck on my part!
Support GoHaynesvilleShale.com
Top Content
Blog Posts
Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
Not a member? Get our email.
Groups
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
-
Franklin County, Texas
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
