Friday, April 24, 2009

The Haynesville Shale Gas Play Continues Hot...

It seems the Haynesville Shale Gas Play is showing no signs of slowing down, in spite of lower gas prices. As they say, "follow the money" and EnCana is investing some big dollars. This is the kind of economic stimulus America needs!

EnCana boosts Haynesville shale activity
By OGJ editors HOUSTON, Apr. 22 -- (source)

EnCana Corp., Calgary, has a $580 million program to drill 50 Haynesville shale gas wells in East Texas and North Louisiana in 2009.

The company has seen encouraging results from its own drilling and those of other producers, and the 2009 program will enable it to improve its understanding of the play, further evaluate its lands, and retain prospective acreage.

To facilitate unrestrained market access for its gas, the company has committed to supply 150 MMcfd on the proposed Gulf South pipeline expansion and 500 MMcfd on the proposed ETC Tiger pipeline.

Meanwhile, EnCana chalked up a 50% production increase in the Deep Bossier play in East Texas, where it averaged 409 MMcfd of production in the first quarter of 2009 compared with an average of 334 MMcfd for all of 2008.

EnCana drilled 15 wells in the first quarter and 78 in all of East Texas in 2008.
Initial 30-day production rates in Amoruso field averaged more than 19 MMcfd, and the Charlene-1 well completed in January flowed at more than 50 MMcfd on initial tests.

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