re: Haynesville Shale

quote:

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What do you think the prospects are for land just to the southwest of Benton? Like Festervan's land on the west side of Benton road just across from Benton High school.

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Hard to say since it is kind of on the fringes, so to speak. The J-W Rumbaugh well directly across the river from there screened out when it was frac'd. That is the farthest north Petrohawk wants to go, even though they have leasehold in Benton (those leases were on Cotton Valley ideas 2 years ago). I know CHK is leasing around there, but that is kind of how they work. They like to lease tons of land, and if 60% of it is productive they are fine with that. They did the same thing in the Fayettville shale as over 400,000 acres they leased in Eastern Arkansas just would not work.