Crimson Exploration Inc. (CXPO) has 12,000 acres under net lease in San Augustine and Sabine County in Texas that are prospective for the Haynesville Shale. The company said that the Kardell #1H well, which had an initial production rate of 30.7 million cubic feet equivalent per day, produced nearly 1 billion cubic feet during its first 90 days.
Crimson Exploration plans on drilling five operated wells on its acreage in the Haynesville Shale in 2010.
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