Common Resources Haynesville Shale Well in East Texas Tops 20 MMcfd (10/26/2009)

Cabot made the following statement in today's press release:

"In east Texas, Cabot confirmed that the Company and its partners are flow testing its first horizontal Haynesville shale well. The well is hooked up to sales flowing back at this point, at approximately 21.0 Mmcf per day with a flowing casing pressure of 7,800 psi, after 11 days in line. Dinges added, "We anticipate that the well will improve further as it continues to clean up frac fluid." The well is operated by Common Resources, and Cabot is a 42 percent working interest partner.

"Our recent success affords us the opportunity to increase our production guidance for the fourth quarter making the previous high end of guidance the low point and establishing a new high level for the range," commented Dinges. "Additionally, we have also raised our capital program to cover the potential results from a more extensive leasing effort in Marcellus." The new investment program is $580 million, which will only be spent depending on leasing success."

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Permalink Reply by jffree1 on October 27, 2009 at 12:42
RBH, I tried to find those discussions to post a link and couldn't find them for some reason.

Here is a copy of the Southwestern press release in July:
Attachments:
Permalink Reply by RBH on October 27, 2009 at 12:54
thanks. I found the SWN JV with Common Resources in the Haynesville(acres Nac, Shelby and San Augustine ~41,500 Gross acres) and ~17000 is a farmout from Exxon.
Permalink Reply by ALongview on October 27, 2009 at 13:07
Here are the documents on the joint venture and AMI jffree1.
They've got me surrounded up there in the Quirk survey and that's ok with me!
Attachments:
Permalink Reply by RBH on October 27, 2009 at 13:16
THANKS ALONGVIEW....ASSUMING YOU HAVE THE ONE FILED BETWEEN COMMON-SWN HAYNESVILLE JV-5/1/2008 effective SWN-Common Resources, LLC
Permalink Reply by ALongview on October 27, 2009 at 13:30
I have one from 06/01/2008. Is this the one you refer to?
Attachments:
Permalink Reply by jffree1 on October 27, 2009 at 14:15
Wouldn't we all love to be in your shoes, LOL!
Permalink Reply by Jed Clampett on October 26, 2009 at 19:07
R&R drilled a well north of waskom east of hwy 134 north and just south of jonesville , scandrill drilled just west of waskom off hwy 80 , anyone know how these came out ?
Permalink Reply by S.H.M. on October 27, 2009 at 4:58
Does anyone have, or know, the email address for Common Resources? I have Googled them but just can't find a website (that is not their parent company).

Doggoneit, these folks make it hard to contact them.
Permalink Reply by S.H.M. on October 27, 2009 at 5:03
Argh. I found it. Thanks.
Permalink Reply by RBH on October 27, 2009 at 8:02
http://common-resources.com/index.html
Permalink Reply by DJG on October 27, 2009 at 5:20
Here's the web-link to Cabot's investor conference call this morning:

http://www.videonewswire.com/event.asp?id=62469


No specific mention as to which of their wells did test at this 21mmfcd rate but the CEO did say that it was located in the SW portion of the County Line field.

He also did mention that the log reports for their Von Goetz acreage and that the formations there in the Haynesville Lime, Haynesville Shale and Bossier Shale all tested positive for gas.
Permalink Reply by intrepid on October 27, 2009 at 9:10
Isn't it great how they hold back on specifics about really good individual wells?

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