Replies to This Discussion

Permalink Reply by Carol on September 24, 2008 at 6:27

Unfortunately, I can't access this. Can you just give a little information as to what is of concern, please? Thanks.

Permalink Reply by Les Bamburg on September 24, 2008 at 6:37

Carol, EnCana just had some very positive things to say about the Haynesville Shale. The above link would not work for you?

Permalink Reply by Bobi Carr ("parker") on September 24, 2008 at 8:21

Permalink Reply by Bobi Carr ("parker") on September 24, 2008 at 8:25

To the experts in the field, does this compare to the figures that have been stated elsewhere as to gas in place?

Also, under initial production (MMcf/d) at 5.0-15.0. Does this mean per year per acre?

Since they have been developing Haynesville since 2005, why do they have 85 rigs in Barnette and only 18 in Haynesville?

Permalink Reply by Les Bamburg on September 24, 2008 at 9:26

Parker, the gas in place and initial production values are similar to ones quoted by other companies.

The initial production rate is per day per well (ie 5 to 15 million cubic feet of gas per day for each well).

The 18 is projected number of wells that EnCana plans to drill during 2008. The Barnett Shale has been in development for several years while the Haynesville Shale is still in experimentation phase. The number of wells drilled in the Haynesville Shale will ramp up in 2009 & 2010.

Permalink Reply by Bobi Carr ("parker") on September 24, 2008 at 10:41

Les,

I assume that the 5 to 15 million cubic feet per day is for a horizontal completion.

What type of values could be expected if they only do a vertical completion.

Permalink Reply by Les Bamburg on September 24, 2008 at 11:16

Parker, vertical wells would likely range from 1 to 5 million cubic feet per day. Shell's vertical well in Sabine Parish tested at over 5 MMcfd.

Permalink Reply by Bobi Carr ("parker") on September 24, 2008 at 19:24

Les,

How soon do the vertical wells decline?

Would the 1 - 5 million cubic feet per day be sustained for the first year?

Permalink Reply by Les Bamburg on September 25, 2008 at 3:07

Parker, shale gas vertical wells would have a steep decline in the 1st year but maybe less (~ 60%) than horizontal wells. Also I would think a vertical well at 5 MMcfd may have a steeper 1st year decline than one at 1 MMcfd. This is all conjecture as we really need to see more actual production information to get a clearer understanding.

Permalink Reply by Bobi Carr ("parker") on September 24, 2008 at 8:26

The link worked for me. But the presentation is under 8/13/2008. I opened the 8/24/2008 first, so Carol may have done the same thing.

Permalink Reply by Les Bamburg on September 24, 2008 at 9:15

Carol, try this link and listen to the 8/14/08 presentation.

http://www.encana.com/investors/presentationsevents/index.htm

Permalink Reply by Carol on September 25, 2008 at 4:17

Thanks.