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Started By
Message
re: Haynesville Shale
Posted on 1/11/09 at 10:12 pm to cwill
Posted on 1/11/09 at 10:12 pm to cwill
Petrohawk Announces Three New Haynesville Shale Wells Placed on Production at a Combined Rate of 73 Mmcfe/d
LINK
I hate that these guys didnt know what they were doing when they spent on average about $5,000 per acre.No telling how much they would have made.Oh well,since fuel will stay at $1.50 a gallon forever,they may never get a chance to recoupe their investments with there being no future whatsoever in N/G.
LINK
I hate that these guys didnt know what they were doing when they spent on average about $5,000 per acre.No telling how much they would have made.Oh well,since fuel will stay at $1.50 a gallon forever,they may never get a chance to recoupe their investments with there being no future whatsoever in N/G.
1
Posted on 1/12/09 at 11:37 am to snakestewart
quote:
since fuel will stay at $1.50 a gallon forever,they may never get a chance to recoupe their investments with there being no future whatsoever in N/G.
Are you frick'n serious with this?
Posted on 1/12/09 at 11:59 am to TigerV
I think that's what the rolly eye emoticon was for
Posted on 1/12/09 at 2:00 pm to CAD703X
Are these wells even economic, regardless of the ridiculous leasing costs, at $5.50/mcf? I think Barnett is only economic at $7/mcf. I think CHK and HK are about to get hosed....CHK for sure.
Posted on 1/12/09 at 3:38 pm to cwill
I think one well (red river parish sample) represented 28.8 mmcf per day that would generate a gross wellhead income of about $155,00 per day @ $5.50 mcf. I imagine they could make that work!
Posted on 1/12/09 at 5:37 pm to DandyPimp
Here's my new fear (my family leased at a February, super-cheap rate, but did get 25% royalties:
The company's are now going to view leases like my family's as "hey, let's just let this expire, and then we'll resign them at 15% in 2 years".
The company's are now going to view leases like my family's as "hey, let's just let this expire, and then we'll resign them at 15% in 2 years".
Posted on 1/12/09 at 5:46 pm to Tiger JJ
my family has a lease coming up for renewal in August, unless it goes HbP. There are wells all around but nothing in our section. We leased this tract about 3 years ago for like $500 per acre w/ 20% and thought we were stealing. Ought to be interesting
Posted on 1/12/09 at 5:46 pm to DandyPimp
Seriously, what incentive do they have to go look for the gas now?
Posted on 2/13/09 at 6:49 pm to Tiger JJ
Can someone give me some info on what a "MegaPad" is? I know that a pad site is where they will place the well and drill, but what is the Megapad?
Posted on 2/13/09 at 8:30 pm to Danield
It is my understanding that a megapad is a drilling location, where the pad is much larger than a standard pad, and will straddle the border between two 640 acre drilling units. This will allow the drilling company to operate two or more rigs from one location, sharing resources such as "frac" pits, while drilling horizontal wells in each unit. I have also seen information that describes using two rigs on one pad to drill a horitonal in the two units, then both rigs will be moved laterally across the pad and repeat the process. Since it is reported that it may take eight wells per unit to fully recover the gas, this is designed to reduce the time and cost of drilling multiple wells.
Posted on 2/14/09 at 6:25 am to JWS3
Chesapeake CEO Aubrey McClendon said this week (article posted on www.gohaynesvilleshale.com) that he expects the HS formation play to double in size.
What he means by that is uncertain, but I can tell you the attempts in the past to limit the scope and breadth of the formation are laughable. It may be more economically feasible to extract hydrocarbons from Red River Parish, rather than the northeastern parts of Claiborne Parish, but to make a blanket statement that the formation doesn't exist there is an inane conclusion.
Trust me on this one, today's technology far surpasses the vertical tech of old, and places previously considered untouchable have become accessible.
Stay tuned!
What he means by that is uncertain, but I can tell you the attempts in the past to limit the scope and breadth of the formation are laughable. It may be more economically feasible to extract hydrocarbons from Red River Parish, rather than the northeastern parts of Claiborne Parish, but to make a blanket statement that the formation doesn't exist there is an inane conclusion.
Trust me on this one, today's technology far surpasses the vertical tech of old, and places previously considered untouchable have become accessible.
Stay tuned!
Posted on 2/14/09 at 5:07 pm to DandyPimp
quote:
28.8 mmcf per day that would generate a gross wellhead income of about $155,00 per day @ $5.50 mcf. I imagine they could make that work!
After taxes and paying the landowner PH would be be looking at approximately $60K a DAY, or 1.8 million per month. It's laughable that people don't think wells that hit this big won't pay off, even at $5.50.
The guy that owned the land on with the well that hit at 28.8 used to work with my boss' wife. He has now entered early retirement.
Posted on 3/3/09 at 9:15 am to LSU0358
In a recent posting on the gohaynesvilleshale.com website, someone posted the latest financials from Exco Resources. In the foreword to the financials is a description of their discoveries, along with their beliefs about what lies ahead, and prominent mention is given to the "North Louisiana Salt Basin."
Does anyone know what parishes this covers in North La? How far east does it go, how far north, et cetera?
Does anyone know what parishes this covers in North La? How far east does it go, how far north, et cetera?
Posted on 3/3/09 at 9:23 am to Latech80
Can you post the link here for that posting on GHS? Thanks.
Posted on 3/3/09 at 9:38 am to GeneralLee
www.gohaynesvilleshale.com. Exco Resources financials are under the Claiborne Parish thread. Sign up is required.
This post was edited on 3/3/09 at 9:39 am
Posted on 3/3/09 at 10:23 am to Latech80
quote:
In a recent posting on the gohaynesvilleshale.com website, someone posted the latest financials from Exco Resources. In the foreword to the financials is a description of their discoveries, along with their beliefs about what lies ahead, and prominent mention is given to the "North Louisiana Salt Basin."
That Exco release is from early 08`, click on the PDF you referenced, there is a map of the NLSB
This post was edited on 3/3/09 at 10:24 am
Posted on 3/3/09 at 10:26 am to Checkmateking2
I've heard from people in the local oil business that said the pressure and temperatures are so extreme in the Salt Basin that it would make production down there highly unlikely and extremely expensive.
This post was edited on 3/3/09 at 10:27 am
Posted on 3/3/09 at 10:29 am to GeneralLee
Checkmateking,
Yeah, I did that, and the imagery wasn't clear in my mind as to what parishes were included/excluded. I was just looking to see if anyone could give me a written explanation about how far north, south, east, and west it extends.
If you know, I would appreciate your thoughts!
Yeah, I did that, and the imagery wasn't clear in my mind as to what parishes were included/excluded. I was just looking to see if anyone could give me a written explanation about how far north, south, east, and west it extends.
If you know, I would appreciate your thoughts!
Posted on 3/4/09 at 8:33 am to Latech80
Does anyone have any information on the status of the Samson well in S-12 T17N-R11W? Latest data on Sonris is from Nov.
Posted on 3/19/09 at 9:53 am to EliLafleur
Well, this comment isn't going to earn me any brownie points with the industry insiders. In fact, I intend to challenge the extant MO with the following observation.
Correct me if I'm wrong, but I do not believe the activity taking place right now in NW LA is in large part a result of the vaunted horizontal drilling technology we keep hearing about. I believe if it was, the area of involvement would be a lot larger than presently known. Here's my prediction.
I believe once this technology is employed on a massive scale, the calculus used to determine which areas are desirable and which aren't is going to change drastically. Areas previously thought unproductive will reverse trend, and areas previously unexplored will open up.
Yes, the national economy is in the tank right now, and with commercial paper coming due in the 3rd and 4th quarter of 2009, earnings reports will read like entries from an Alfred Hitchcock movie, but that's not my point. When this technology is employed on a massive scale, there will be a resurgence of economic activity in North Louisiana because companies will act to maintain and/or increase market share, and the USA will experience increased energy independence.
One man's opinion!
Correct me if I'm wrong, but I do not believe the activity taking place right now in NW LA is in large part a result of the vaunted horizontal drilling technology we keep hearing about. I believe if it was, the area of involvement would be a lot larger than presently known. Here's my prediction.
I believe once this technology is employed on a massive scale, the calculus used to determine which areas are desirable and which aren't is going to change drastically. Areas previously thought unproductive will reverse trend, and areas previously unexplored will open up.
Yes, the national economy is in the tank right now, and with commercial paper coming due in the 3rd and 4th quarter of 2009, earnings reports will read like entries from an Alfred Hitchcock movie, but that's not my point. When this technology is employed on a massive scale, there will be a resurgence of economic activity in North Louisiana because companies will act to maintain and/or increase market share, and the USA will experience increased energy independence.
One man's opinion!
This post was edited on 3/19/09 at 9:54 am
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