Louisiana Undrilled Well Inventory (7/15/12)

Currently there are 102 permitted Haynesville Shale wells in Louisiana that have not yet been spudded.  Of these only 74 were permitted by companies that have active drilling programs in Louisiana.

 

Chesapeake - 27

Shell - 17

Petrohawk (BHP) - 16

Exco - 12

QEP - 2

 

At least 12 of the above wells are not likely to be drilled leaving 62 undrilled wells in inventory.  This is further evidence that the rig count will likely decline further over the next few weeks.

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Permalink Reply by adubu on July 15, 2012 at 14:44

LesB what life time  of permit before it expires-- in Tx I believe two years to spud.

Permalink Reply by Les Bamburg on July 15, 2012 at 17:36

Adubu, most well permits in Louisiana are issued with a 6 month life.  There are also a few 1 year drilling permits. 

Permalink Reply by adubu on July 16, 2012 at 9:24

Les B--- For interest---of the 102 do you have break down of # relative new in last 1-2 months? I guess the 12 that are less likely to be drilled are in the last of 6 months of time on permit ?--- and I  don't see XTO or EOG on list-- have they moved out of La.? :(

Permalink Reply by Les Bamburg on July 16, 2012 at 9:51

Adubu, 13 of the wells have been permitted since June 1st and 18 since May 1st.

 

The 12 wells were primarily in parishes where the operator is not active.

 

After I published information indicates XTO is moving a drilling rig back into Louisiana where they have 4 permitted wells.

Permalink Reply by adubu on July 16, 2012 at 11:31

Les B ---Thx for interesting info, especially about XTO

Permalink Reply by dbob on July 16, 2012 at 12:49

Are those permits in Sabine Parish, Webster, or somewhere else?

Permalink Reply by Les Bamburg on July 16, 2012 at 17:01

Dbob, if you are asking about XTO - three are in Sabine Parish and one is in DeSoto Parish.

Permalink Reply by Mary Susan Spurrier on July 19, 2012 at 4:45

We were in the midst of negotiating with Chesapeake and they called us to say they weren't drilling anymore wells, but found out they went ahead a drilled anyway with no signed lease. hmmmm......

Permalink Reply by Bill Mendenhall on July 16, 2012 at 8:18

Les, it might be worth mentioning that most of the BHP permits are for 2 to 6 alternate wells per section, which would mean that each rig will move less frequently from section to section.

Permalink Reply by Les Bamburg on July 16, 2012 at 10:03

Bill, actually only 5 of the above BHP permits appear to be for alternate unit wells.

Permalink Reply by IRielley on July 21, 2012 at 1:11
Les, so, far, I've printed 32 or 33 applications filed by BHP since last September for between 2 and 6 alternates in each section. Of course, with the price this low, they will surely let some of these permits expire for the time being. But, in general BHP seems to be sticking with their alternate well program, but just inching it along more slowly.
Permalink Reply by Les Bamburg on July 21, 2012 at 2:26

IR, since September 2011 Petrohawk (BHP) has applied for 44 well drilling permits in the Haynesville Shale in Louisiana including 24 alternate wells.  Of these permitted wells only 16 have not been spudded with 5 of those being alternate wells.

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