Haynesville Shale

Goodrich Petroleum Updates Haynesville Shale Operations For 2010

Goodrich Petroleum (GDP) issued an operational update on its properties in Louisiana and Texas that are prospective for the Haynesville Shale.

Goodrich Petroleum increased its total 2011 capital budget by $10 million, from $225 million to $235 million.  The company has allocated $52 million to develop the Haynesville Shale in two areas of its portfolio.

Angelina River Trend

During the fourth quarter of 2010, the company drilled 12 gross or 4 net wells into the Haynesville Shale. In the Angelina River Trend, located in Nacogdoches and Angelina Counties, Texas, Goodrich Petroleum is currently performing hydraulic fracturing operations on the Nelson 1H Haynesville Shale well.  The company expects results in the first quarter of 2011, and expects to drill one well here in the third quarter of 2011.

Northwest Louisiana

Goodrich Petroleum is most active in the core Haynesville Shale in Northwest Louisiana.  The company reported the completion of the Cason 14 H-1 well which has a 24 hour production rate of 14.9 million cubic feet equivalent per day on a .28125 inch choke.

Petrohawk Energy Issues Haynesville Shale Update For 2010

Petrohawk Energy (HK) issued an operational update on its development activities on properties prospective for the Haynesville Shale in Texas and Louisiana.  The company has 225,000 net acres, with 170,000 operated by the company, and 55,000 non-operated.

Petrohawk Energy drilled 351 total wells into the Haynesville Shale in 2010, with 101 wells operated, and 250 wells non-operated.  The company is operating 16 rigs in the play and will drill 57 wells by the middle of 2011.  After that, the company will reduce its operated rig count to 7 rigs and drill 31 additional wells.

Petrohawk Energy has been engaged in a drilling frenzy in the Haynesville Shale the last few years in order to convert its term acreage to held by production, and the company estimates that 280 operated sections and 590 non-operated sections will held by production by the end of 2011.  Petrohawk Energy reported that it will have to drill another 145 wells in 2012 (25 operated and 120 non-operated) to complete the lease capturing process in the Haynesville Shale.