Shale Natural Gas, Oil and NGLs and ESA Message Board

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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA

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To: jrhana who wrote (972)	7/18/2009 11:33:51 AM
From: jrhana	Read Replies (1) of 6160

But for me this one takes the cake Forest hits Haynesville gusher upstreamonline.com By Upstream staff US independent Forest Oil said its Driver 13-1H horizontal Haynesville Shale well in Red River Parish, Louisiana was producing 20.3 million cubic feet of equivalent per day with 6500 psi flowing casing pressure into the sales line. The well was drilled and completed with a 3500-foot horizontal leg and a ten-stage frac. Forest, which owns a 100% working interest in the well, paid about $9 million in drilling costs. “We intend to allocate a horizontal development rig to Red River Parish for the foreseeable future to exploit our acreage position,” Forest boss H Craig Clark said in a release. “Our second rig will work both Texas and Louisiana properties in the future.” “Forest intends to continue its current horizontal drilling effort in the Haynesville Shale and the Texas Panhandle Granite Wash areas in order to refine its drilling and completion techniques,” Clark said. “When costs and commodity prices improve to more attractive levels, Forest intends to deploy a rig count commensurate with its size and scale focused in these areas.”

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