Haynesville Shale

The Haynesville Shale - Marathon Oil

Marathon Oil (MRO) is an active player in most of the major shale plays in North America, including the Haynesville Shale in East Texas and North Louisiana. In the Haynesville Shale, Marathon Oil has 25,000 net acres under lease, but in 2009 is only participating in one gross well.

The company plans on ramping up its development over the next few years, and will have one rig operating in 2010, and 3-4 by 2013. Marathon Oil’s total net resource potential is estimated at 100-150 million barrels oil equivalent. ___________________________________________________________________

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The Haynesville Shale - Comstock Resources

Comstock Resources recently reported the initial production rates of several wells in the Haynesville Shale region:

BSMC #7-1H - DeSoto Parish, Louisiana – 8.9 Mmcf per day.
Gamble 24 # 1H – 1 DeSoto Parish, Louisiana - 4 mmcf per day.
Bogue A #6H - Harrison County, Texas – 7.4 Mmcf per day.
Hart #1H - DeSoto Parish, Louisiana - 7.2 Mmcf per day.
Moneyham #1H – Caddo Parish, Louisiana - 6.6 Mmcf per day.
Headrick #1H - DeSoto Parish, Louisiana – 15.1 Mmcf per day.
Holmes A #1H - DeSoto Parish, Louisiana – 16.2 Mmcf per day.
BSMC 12 #1H – DeSoto Parish, Louisiana - 11.6 Mmcf per day ___________________________________________________________________

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The Haynesville Shale - Drilling To Date

The Haynesville Shale has attracted much interest from the exploration and production industry over the last year. The cumulative number of wells in different stages of operation over the last six months is as follows:

Wells

Oct-08 - 159
Nov-08 - 173
Dec-08 - 200
Jan-09 - 228
Feb-09 - 260
Mar-09 - 293

As of June 4, 2009, there were 415 active wells in the Haynesville Shale classified as follows:

Producing Wells – 96
Permitted and waiting on completion - 135
Permitted and Drilling in Progress - 54
Permitted and not drilling – 130