landowner

Possible Well???

Can anyone give any infromation about what happen to the well that was going up in section 26 in red river parish?  Everything has been cleared out and the pipes have been lied but no more activity.  We heard that the night before the rock was to be lied for the well - they were told not to do it.  Just wondering if this is true and what could have been the problem.

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Oil & Gas ProPermalink Reply by Les Bamburg on June 18, 2011 at 15:12

CMK, EnCana has a need to grow corporate earnings at some target percentage rate.  They will design a drilling and development budget to accomplish this growth in the most cost efficient, economic manner.  This has already resulted EnCana focusing Haynesville/Bossier Shale development in key areas and reducing drilling in the Deep Bossier Sand play in RR District 5 in Texas.

 

EnCana/Shell have very little invested in the leases they let expire and had no plans to drill those areas in the near term.     

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