Haynesville Shale

Cabot Oil and Gas Reports Haynesville Shale Capacity Shortage

Cabot Oil and Gas (COG) reported earnings for the first quarter of 2010, and held a conference call to discuss the results. The company provided an update on its operations in the Haynesville Shale.

The company is dealing with the shortage of fracturing equipment in the Haynesville Shale by scheduling jobs far in advance. Management is also optimistic that the shift in capital away from natural gas towards oil may ease the capacity problems.

“We don't have a major program up there like many of the other operators. We have to get in the queue and take data we can get on. We try and schedule our fracs to two and three months in advance in a big time period between two and three weeks. Right now we are scheduled about two months out from end of the drilling and completion right now so.”

“I would anticipate however with the announcements that we heard some of the reallocation of capital that suddenly it stands to reason that it might become a little bit better but we have not seen that.”

Source: Seeking Alpha

Cabot Oil and Gas Drills First Haynesville Shale Horizontal Well

Cabot Oil and Gas (COG) reported earnings for the first quarter of 2010, and held a conference call to discuss the results. The company provided an update on its operations in the Haynesville Shale.

Cabot Oil and Gas recently drilled its first horizontal well in the Haynesville Shale, and is drilling its second well. The company is focused mostly on the Cotton Valley Sand formation.

“In the Haynesville as previously announced Cabot has successfully drilled and completed its first Haynesville well. The King number one which we had 69% working interest was drilled to a depth of 18,364 feet and a lateral of 4487 after 14-stage stimulation the well tested as we previously reported at 19 million per day and a new data point for us is its 30 day average of 15.2 million cubic foot per day.”

“Drilling operations are underway on our second operated well, the long, the Walters No 1, we have 54% in this well and Cabot is also participating in three outside operated wells that are currently drilling with working interest between 20% and 41%.”

Source: Seeking Alpha

Cabot Oil and Gas Reports Haynesville Shale Completion

Cabot Oil and Gas (COG) reported the completion of a horizontal well in the Haynesville Shale in St. Augustine County, Texas.

Cabot Oil and Gas said that the King G.U. #1 is currently producing at 19 million cubic feet per day of natural gas. The King G.U. #1 was completed with 14 hydraulic fracturing stages and a 4,487-foot lateral.

Cabot Oil and Gas said that the company is participating in 12 other wells in the Haynesville Shale in 2010. The company said it would have news on three of these wells in the Haynesville Shale during the second quarter of 2010.