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Message
re: Haynesville Shale
Posted on 5/15/08 at 4:49 pm to TigerV
Posted on 5/15/08 at 4:49 pm to TigerV
quote:
Petrohawk lives for being for sale. I guess my main question is why did Chesapeake feel a need to respond with a press release. Companies get information leaked all the time, but there is something called denial or just don't respond. Either way, the damage was done and now the race is on to acquire acreage and prove up reserves. It is going to an interesting rest of 2008 in the ArkLaTex region.
I'm with you on that question. I think it is because these wells are that good (I have some knowledge as to why they think that). Also, Chesapeake always likes to promote their image, and maybe they thought they could outspend and "out-manpower" Petrohawk. Being up here involved with this whole deal, I can tell you that CHK is really adding additional acreage at an incredible pace. Just about every broker around is working for CHK.
2
Posted on 5/15/08 at 6:55 pm to TigerDog83
I have a little bit of knowledge as to what is going on as well, and for one, things are tight up there right now. I was talking to Devon last week about their activity, and its like pulling teeth. There is also a lot of false information floating around. A lot of companies are making releases and creating rumors about other companies and watching there stock rise as a result. What I do know is that there is no question the play will work, the question is going to be identifying the limits of the economic production. This is why I do not see the justification for the high lease prices. The boundaries are not yet defined, and people are paying a lot of money for crap acreage.
Posted on 7/14/08 at 2:46 pm to TigerDog83
Shreveport sucks.
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