Replies to This Discussion

Permalink Reply by san on June 14, 2008 at 6:36

is encana the same thing as shell?

Permalink Reply by Keith Mauck (Site Publisher) on June 14, 2008 at 6:57

Where is Encana focused in their drilling?

Permalink Reply by olddog573 on June 14, 2008 at 11:03

As said above, Encana and Shell are working 50/50.

Quote from Floyd Wilson, CEO Petrohawk below regarding Encana/Shells progress in the area.

"Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
"From a vertical well bore that is almost unheard of from a shale well"

Permalink Reply by TBam on June 17, 2008 at 14:28

The well in section 19 was at 7MMcf but they are holding it at 1.5MMcf.

Permalink Reply by Les Bamburg on June 18, 2008 at 10:47

TBam, are you referring to the Charles Groben #1 in Martin? How did you get the flow rate?

Permalink Reply by bigball N1/N2 on June 14, 2008 at 7:32

Does anyone know where the supposedly excellent test wells are located? This could be really good news for the people that have property on the southern fringe.

Permalink Reply by JW on June 14, 2008 at 11:21

Encana shows on their website to have a presentation to give in Calgary, Alberta at the 20th annual CAPP Oil and Gas Investment Symposium. It is supposed to detail their performance, strategy and outlook. They have some positive information on their website under resource plays. There is no well results but they appear to be excited about what they have found so far which appears to be mainly in East Texas.

http://www.encana.com/operations/usa/easttexas/index.htm

Permalink Reply by olddog573 on June 14, 2008 at 11:39

Just got a call saying that Encana has approached a guy in Sabine who owns alot of land with a figure of 7500/acre. Says they are offering 7500 for anything in the HShale. I don't have any contact numbers but it's a positive sign for Sabine.

Permalink Reply by Keith Mauck (Site Publisher) on June 14, 2008 at 12:16

Any idea which part of Sabine?

Permalink Reply by olddog573 on June 14, 2008 at 14:01

the guy they aproached owns land throughtout sabine parish but said they were interested in anything in hshale.

Permalink Reply by Kassi on June 14, 2008 at 13:41

Given the magnitude of the profits these companies will make I think settling for less than $10,000.00 to $15,000.00 per acre signing bonus and 25% royalty is not a good idea.

Permalink Reply by olddog573 on June 14, 2008 at 14:13

good article with a graph that shows the various formations and contains other information.

http://geology.com/articles/haynesville-shale.shtml

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