Petrohawk in trouble?

[hoppinmad]

The word on the street is that Devon is now offering to pay $$ to landowners to do a seismic survey of about 80 sections around Ruston. Cajun Exploration is rumored to be helping Devon with this.

[latech80]

Word has it that Chesapeake is expected to make an announcement in 2011 about a major new find. Hopefully, it has to do with the Ark-La-Tex, and North Louisiana, in particular!

[dhussdawg]

My take is the Eagle Ford Shale is cheaper to develop than the Haynesville, and rigs will be moving in that direction until prices come back up. I know our company doesn't want to be in the Haynesville because the temperature destroys our tools, and we can't get replacements fast enough. This costs the operators big money, and it only one of the reasons it's more expensive.

Also, Eagle Ford is more attractive because it is a wet gas (and I aint talking about a "shart"). Wet gas has more natural gas liquids in it, which is indexed off of the price of oil rather than NG. Obviously, the oil to NG ratio has blown up to record highs. Haynesville gas is dry as a bone. Lower cost to develop plus more attractive pricing leads to a lot of rigs moving down to Eagle Ford, until Natural Gas can rally. We dont look for a NG rally until second half of 2011 when production finally starts to come down some after a nice year and a half of growth/peaking in a well over supplied market.

[dhussdawg]

Does anyone have a reliable map on where the Mid-Bossier Shale is? Does it follow the state line, or is it further down into North Louisiana?

[JAMROB]

The word on the street is that Devon is now offering to pay $$ to landowners to do a seismic survey of about 80 sections around Ruston. Cajun Exploration is rumored to be helping Devon with this.

This rumor is true and Cajun is doing the permitting for Devon.

[latech80]

This rumor is true and Cajun is doing the permitting for Devon.

What formation(s) are they going after?

[Choudawg86]

This rumor is true and Cajun is doing the permitting for Devon.

they need any surveying services

[JAMROB]

What formation(s) are they going after?

I don't know, somebody made a real good well right by my house about a year ago. A shoot that large, they must be looking at the shale.

[latech80]

I don't know, somebody made a real good well right by my house about a year ago. A shoot that large, they must be looking at the shale.

Help with out with the terminology. What is a "shoot"?

[splicer]

I'm guessing he means flare? Shale doesn't usually produce a lot while drilling, it's a tight gas and has to be fractured to get it out. Could have been other formations above, though.

[hoppinmad]

He's probably talking about the 80 sections.

[latech80]

I understand that there is some seismic testing taking place in Union Parish. Is this part of the 80-section play?

[hoppinmad]

I understand that there is some seismic testing taking place in Union Parish. Is this part of the 80-section play?

The info was from the north side of Lincoln Par., so I'd guess it probably is.

[Choudawg86]

The info was from the north side of Lincoln Par., so I'd guess it probably is.

I hope northwest corner

[Salvatore Assante]

Hopefully some Tech supporters will become overnight millionaires and be generous with their new found riches.