NYT piece a hatchet job imo. As CHK CEO stated above and LFR stated also, production numbers don't lie. Numbers are up with less rigs in the mix.
NYT piece a hatchet job imo. As CHK CEO stated above and LFR stated also, production numbers don't lie. Numbers are up with less rigs in the mix.
Another view on shale gas. http://www.star-telegram.com/2011/07...pointment.html
Good resource site on NG.http://www.aboutnaturalgas.com/
http://www.magnoliareporter.com/news...cc4c002e0.html
This is an article on the informational meeting held in Magnolia on the leasing activity in South Arkansas.
http://www.gohaynesvilleshale.com/fo...zle-gets-a-big
Informative post made on Go Haynesville Shale website.
http://www.swn.com/investors/Press_R...%207-28-11.pdf
Go to page 9 of the document.
http://www.gohaynesvilleshale.com/gr...own-dense-lsbd
Lots of recent info on the goings-on along the state line.
http://fuelfix.com/blog/2011/08/11/l...racking-study/ A little more info. on the shale fracting study just released.
http://www.chron.com/disp/story.mpl/...y/7702262.html Mentions lower smackover and overview on O&G drilling activity.
Got this from Scott Angelle's Office this morning after I got a call from the company who is planning to place the well in Claiborne Parish yesterday afternoon
FYI – If you haven’t already seen it:
Southwestern Energy – player in Fayetteville Shale and Marcellus – has finally let cat out of the bag on new South Ark. - North La. “Brown Dense” play – 460,000 acres, 1 test well drilling now in Arkansas, plan to drill one in La. later in year in Claiborne Parish. Don’t know if it’s coincidence or not, but permitting activity in that part of Louisiana has been picking up in Lower Cotton Valley in recent months. They are selling it as comparable to other oil shale plays, but that may be just because they are trying to get investors, nothing’s been drilled. Press release below, map attached:
Southwestern announced that it has leased 460,000 net acres in a new unconventional horizontal oil play. Late in the third quarter of 2011, the company plans to spud its first test well targeting the Lower Smackover Brown Dense formation, an unconventional oil reservoir found in southern Arkansas and northern Louisiana. The formation, which ranges in vertical depths from 8,000 to 11,000 feet, appears to be laterally extensive over a large area ranging in thickness from 300 to 550 feet. The company’s investment in undeveloped acreage in the play area to date is approximately $150 million and its leases currently have an 82% average net revenue interest and an average primary lease term of 4 years with 4-year extensions. Below is a map indicating the company’s general area of interest in the play.
The formation is an Upper Jurassic age, kerogen-rich carbonate source rock found across the Gulf Coast region of the southern United States from Texas to Florida. The company extensively reviewed the Brown Dense across the region and has indications that the right mix of reservoir depth, thickness, porosity, matrix permeability, sealing formations, thermal maturity and oil characteristics are found in the area of Southern Arkansas and Northern Louisiana. This region of Arkansas and Louisiana has produced oil and gas from the Upper Smackover since the 1920s. The Brown Dense formation is the source rock for these Upper Smackover fields. It has the critical properties necessary to be a successful play and compares favorably to other productive oil plays in the United States. However, it has never been exploited with horizontal drilling technology until now.
The company hopes to receive a permit to drill its first well in Columbia County, Arkansas, in August 2011 and will spud later in the third quarter. This well is planned to drill to a vertical depth of approximately 8,900 feet and has a planned horizontal lateral length of 3,500 feet. The well will be extensively logged and a full core will be obtained over the entire Brown Dense interval before the well is completed. The company’s second well is planned to spud later this year with a total vertical depth of approximately 10,700 feet and a 6,000-foot horizontal lateral in Claiborne Parish, Louisiana. Southwestern plans to drill up to 10 additional wells as it continues to test the concept in 2012. If the company’s testing yields positive results, it expects that its activity in the play could increase significantly over the next several years.
''Don't be a bad dagh..."
Got this from Scott Angelle's Office this morning after a got a call from the company who is planning to place the well in Claiborne Parish yesterday afternoon
This dovetails with what I have been hearing elsewhere. Let's hope it augurs well for the region!
http://stocks.investopedia.com/stock...#axzz1VmGvUtDR Haynesville activity decline?
http://fuelfix.com/blog/2011/09/19/l...hipments-grow/ A look at the world LNG market.