Les, Skip or others that have information on Encana drilling. I have read on the web about the slowing down on drilling from oil companies because of the gas prices. We have a two years lease extension from Encana. ( S29 T12N R9W ) what information do you have on this property? So far, they have done the semeis testing and  was told that the oil company will be coming in next. This was around February and March, 2011. Is this all true about these companies not doing much drilling? They are drilling on the property next to our which is S29 T11 9W if I'm not mistaking. If there's any information to be shared, I'll appreciate it.

 

Jen

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Jennie, I should have said the well in S29-T11N-R9W is located about 6 miles south of your acreage.

Hi Les,

 

Regardless of which area above, based on Encana's latest maps of HA and BO, each appears to be in an area that Encana seems to believe is stacked...aren't the economics there to justify re-leasing in these areas?  As I've seen you mention before, Encana seems to have a better handle on the geology in the southern part of the play... It's been mentioned before that Encana is non-renewing ~2,500 acres or so, but if they choose to continue non-renewing in these areas, it will quickly exceed this amount... any idea on what they'll do... sorry for making you repeat yourself, if it's pretty much the same answer...Thanks in advance...

are there new HA & Bossier maps from Encana

yes, see the investor report dated june 2011.

 

maps of HA and Bossier are on pages 31 and 32.

ironically, their maps seem to contradict their policy.

click on the link below, and, go to page 31.

encana presentation

kcm and John B, the decision by EnCana to drop the 12,500 acres of leases in the SW corner of the Play is less about the quality of the rock and more about their internal financial situation.  Page 9 states pretty clearly where their focus is going forward, liquids.  On Page 25, look under the column, "2011F Supply Cost", the days of beneficial price hedging are over.  ECA is taking these measures in an attempt to not end up where CHK and HK are ranked on Page 29.

ECA occasionally permits a unit well so they are not totally finished retaining leases, they are just being very, very selective.  There are production challenges in the SE corner of the play but the rock is of good quality and will draw development interest at some future time.

I called the Encana number on Friday and talked to a guy in Dallas, Tx. I wanted to ask about sec. 8 9n 12w in sabine parish in which we have 40 acres and they already have a pad built to drill. He told me we were a year away but could move up by months. However, I was told if you want to see how Encana/Shell is going to develop their acerage watch sec. 9 9n 12w in sabine parish. Before they leave, there will be 16 wells in sec. 9 (already have 7-8 permitted.) The 1st Jimmy Brown well was a good Bossier well and they just fraced a Haynesville well the last of June that ran parallel to and 400 ft. below the 1st Jimmy Brown well. The engineers thought the fracs may bleed pressure from the 1st well but did not. Anway, the guy said that what they were doing was similar to Henry Ford's assembly line. Instead of tearing rigs down and moving equipment and incurring the cost they would just stay on sight and drill wells-frac wells ect. Congrats to my relatives and the people who have land in sec. 9.   

Richard, EnCana has already done several "gas factories" in DeSoto and Red River Parish.  The drilling rig simply skids over maybe 30 feet after drilling a well to start the next well.  The typical pad would be used for 6 to 12 wells with half the wells drilled north and half south from the section line location.
Just drive down Red Bluff Rd. in north Desoto & look at Encana's gas factories. They started at far east end of Red Bluff with Jackson B Davis' property & have worked their way west. They are focused with a goal. They are drilling the whole Holly Field with the exception of a few sections. They first hbp & then come back in with the factories. It is really an impressive sight to see one of their factories in action
John, I didn't see anything about their maps to contradict their policy.  Of course I am not sure what policy you are referencing.
DD, the EnCana maps for the Haynesville and Bossier Shale do not provide sufficient details about the specific areas of the play to fully understand the economics.  Also no-one knows exactly how much acreage EnCana/Shale will eventually develop in each play since this is always an evolving number.  Finally, there are other factors such as percentage of acreage leased in a section/unit, lease term, lease acreage, etc that also factor into decisions to renew a particular lease.
Les B, I wasn't sure of the exact section, but I do know they're drilling right beside our property  on either the Jones or the Shafer property. I know that Dr. Coleman property is right behind our property and he suppose to have a well. Encana made sure our lease was extended for two years because they renewed our lease  before our three years was up.

Jennie, there are no permitted wells in S29-T12N-R9W so it may be some other type of operation.  Also, there is no existing well in that section. 

 

The two closest wells to your property are in S34-T12N-R9W (~ 1.5 miles southeast) and S25-T12N-R10W (~ 2 miles west)

 

EnCana, Janelle Givens 38 #H1 Well, Serial #241436, S38(25)-T12N-R10W, Red River Parish, 9942 Mcfd, 18/64" Choke, 7594 psi Flowing Pressure

Shell, Evelyn Nelson 34 #H1 Well, Serial #240978, S34-T12N-R9W, Red River Parish, 5533 Mcfd, 18/64" Choke, 5000 psi Flowing Pressure 

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