Petrohawk Energy (HK) issued an operational update on its properties in Louisiana and Texas, where it has 150,000 net acres that are prospective for the Bossier Shale. The company drilled 16 wells (fifteen non-operated, one operated) into the Bossier Shale in 2010.
Operated Summary
The Whitney 19 #1H well in Sabine Parish, Louisiana, was completed in August 2010, and had a restricted production rate of eight million cubic feet of natural gas equivalents per day.
Non Operated Summary
Petrohawk Energy said that of the fifteen non-operated wells, 10 were drilled in Texas, and five in Louisiana.
Petrohawk Energy has no plans to commit significant capital into the Bossier Shale until 2012 at the earliest. The company estimates that it has non-proved resource potential of 8.1 trillion cubic feet, assuming ninety acre spacing and an estimated ultimate recovery of 6.5 billion cubic feet per well.
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