Defining The Haynesville

In March 2008, word about the vast potential of the Haynesville shale play began to leak out with the announcements by Petrohawk Energy Corp and Chesapeake Energy Corp of a large lease play developing in northwestern Louisiana. Some stunning well results followed, and operators have since flocked to...

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Bibliographic Details
Published inOil & Gas Investor Vol. 29; no. 8; p. N_A
Main Authors Nikhanj, Manuj, Sloan, Trevor
Format Magazine Article Trade Publication Article
LanguageEnglish
Published Houston Hart Energy 01.08.2009
Subjects
Drilling
Engineering firms
Mineralogy
Oil exploration
Oil shale
Oil wells
USA, Texas
USA, Louisiana
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Summary:In March 2008, word about the vast potential of the Haynesville shale play began to leak out with the announcements by Petrohawk Energy Corp and Chesapeake Energy Corp of a large lease play developing in northwestern Louisiana. Some stunning well results followed, and operators have since flocked to the play, which extends about 80 miles from west to east and spans the Texas-Louisiana border. Interest in this new shale play has not abated, and the need for more information is critical as it unfolds. Based on three-year lease terms in Texas and Louisiana and assuming a maximum of 640 acres is held by a single well, the authors estimate that each 100,000 acres not held by production will require at least $1.4 billion of drilling expenditure over the next few years to prevent lease expirations. This will likely lead to campaigns for more farm-outs and joint ventures.
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ISSN:0744-5881