Newfield Exploration Slowing Woodford Shale Completions In Oklahoma

Many companies are reducing their drilling and completion activity because of "low" gas prices. Blame it on the slumped economy, or blame it on the difficulty of available credit, or whatever. It seems to me companies are being cautious and waiting for gas prices to rise a bit before investing to get the gas flowing. Activity may has slowed, but it will pick up again.
Peter

Oklahoma
By OGJ editors
HOUSTON, Apr. 23 --
Newfield Exploration Co., Houston, has been slowing its pace of Woodford shale completions in Oklahoma due to low gas prices.

Gross production is 240 MMcfd of gas, and the company is operating 11 rigs in the field, six of which roll off term contract in 2009.

"The timing of rig contract expirations and the fact that more than 90% of the company's 165,000 net acres now held by production provide Newfield with operational flexibility in the second half of 2009," Newfield said.

Laterals Newfield drills in the play are expected to average more than 5,000 ft in 2009.

Haynesville Shale, Another Very Good Well

The Haynesville Shale Gas Play in northwest Louisiana continues growing with very good results. Note the mention of the "10-stage frac". Horizontal drilling followed by multi-stage frac jobs is becoming the norm for shale gas wells across the country.
Peter

Louisiana
By OGJ editors
HOUSTON, Apr. 28 -- (source)
A well operated by Chesapeake Energy Corp., Oklahoma City, in Caspiana field, Northwest Louisiana, flowed 17 MMcfd of gas from the Haynesville shale formation on state test.
Participant Cubic Energy Inc., Dallas, said the well flowed on a 24/64-in. choke with 6,170 psi flowing tubing pressure after a 10-stage frac. It was completed in February 2009.

The well, Clingman Acres-11H, in 11-15n-15w, Caddo Parish, is just east of Cubic Energy's Johnson Branch acreage. Cubic Energy's working interest in the well is 2.8%.

Cimarex Energy Co. And Woodford Shale In Oklahoma

These are pretty good numbers from the Woodford Shale Gas Play in Oklahoma. The average flow rates, successful completion percentage, and number of wells drilled are all impressive.
Peter

Oklahoma
By OGJ editors
HOUSTON, Apr. 29 -- (source)
Cimarex Energy Co., Denver, has participated in 49 wells in the Anadarko basin Woodford shale play since late 2007.

Of the 49 wells, 36 are on line and the rest are either awaiting completion or drilling. The 30-day initial average production rate, normalized for a 4,300-ft lateral, is 4.5 MMcfd.

The company's 2009 program is to drill or participate in 50 gross (23 net) wells. Cimarex holds 98,000 net acres in the play.