It seems that EnCana is only major player in Haynesville that is not drilling the Cotton Valley or Haynesville. EXCO has flipped or contracted their Cotton Valley CULs to Indigo, BHP to Sklar, Chesapeake to Indigo, EnCana to no one. Can anyone shed any light on this.

Views: 2328

Reply to This

Replies to This Discussion

Encana doesn't need any more dry gas production and all their leasehold is currently Held By Production.  The only CV areas that have attractive rates of return are those that produce wet gas.  As we have discussed a  number of times in the past, the CV is not consistently productive over a wide area as it is a conventional reservoir as opposed to an unconventional reservoir like the Haynesville Shale.  Encana may be content to keep their CV reserves behind the pipe waiting for a more favorable price environment.

A lot of companies specialize in one or more types of rock.  Some prefer chalk, some sandstone and others shale.  Indigo and Sklar have a preference for the CV..  These JV agreements or "farm outs" do not meet the definition normally used in the industry for flipping.

Encana to xto

Carla,

?

Encana to xto what?  Have they sold leasehold, done a farm out...?  If anything, where?

Sorry, I don't understand your comment.

Thanks

Bobbi, I have run searches on EnCana and XTO and can't find any connection. Carla, is this wishful thinking or did you hear/read something

In E TX XTO has acquired all of Encana's Haynesville assets.  However Encana continues to hold their half interest in the LA Haynesville assets acquired in partnership with SWEPI.

How about the Louisiana property that Encana has that SWEPI isn't involved in?

Skip,

Do you have an article that you can post?

I didn't get the information from an article, Bobi.  I know that XOM/XTO picked up Encana's Haynesville leasehold in E TX from research.  Since Encana has made no public announcement concerning their LA Haynesville leasehold I presume they still own it.  Blackstone owns the SWEPI half interest and Vine O&G is the company they formed to operate the wells that SWEPI formerly operated.  Encana is still listed as the operator of their wells.

Skip we have most of our minerals in Desoto leased in different sections to EnCana--they were never part of a SWEPO partnership.

Doesn't matter which company you leased to.  ECA and SWEPI assigned each other 50% interests in all their LA Haynesville Shale leases regardless of location or which company was the operator.

Encana assigned a 50% interest in all their HA leases to SWEPI and SWEPI did the same with their leases.  As to DeSoto Parish in particular you can check the dozens of assignment and JV agreements from ECA to SWEPI filed in the public record. 

Skip,

I don't find any Assignment from ECA to SWEPI in Bossier. 

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service