Haynesville Shale

Devon Energy Comments On Haynesville Shale

Devon Energy (DVN) made comments on its operations in the Haynesville Shale during the second quarter of 2010 earnings conference call.

“Shifting to the Haynesville Shale, after de-risking much of our held-by production acreage in the Carthage area during 2009, our 2010 activity has focused on our term acreage in the southern area. In addition to the Haynesville potential, we are evaluating the southern acreage for Bossier Shale and James Lime potential.”

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Devon Energy Updates Haynesville Shale Operations

Devon Energy (DVN) reported earnings for the first quarter of 2010 and held a conference call on May 6, 2010, to discuss the results. The company made some comments on its unconventional resource basins including the Haynesville Shale.

Devon Energy is at an early stage of developing its assets here, and has 110,000 net aces under lease. The company will concentrate on drilling wells to secure its acreage here in 2010.

“Shifting to the Haynesville Shale, in the first quarter, we completed three Haynesville wells located in Shelby and Nacogdoches Counties. These three wells have an average 24-hour IPs of about 6 million cubic feet per day. These rates are consistent with our previous results in the area, and further confirm that we have a repeatable economically attractive play under a normalized price environment on our 110,000 net acres in the greater Carthage area. Our activity for the remainder of 2010 will focus on securing and derisking our primary term acreage in the Southern and greater Carthage areas.”

Source: Seeking Alpha

Devon Energy Starts Development Of Haynesville Shale

Devon Energy (DVN) held a conference call on February 17, 2010, to discuss its fourth quarter of 2009 earnings report and updated investors on its operations in the Haynesville Shale. The company is at a fairly early stage of developing its Haynesville Shale acreage.

“On our Haynesville acreage in the greater Carthage area, we recently finished drilling operations on three wells in Shelby and Nacadoshous [ph] Counties. These three wells are currently being completed, and we expect to have results for you in the next quarter."

"This year, we plan to invest about $250 (million) of capital to further de-risk primary term acreage in both the southern and greater Carthage areas. We will run a five-rig program, drilling approximately 24 operated wells with both Haynesville Shale and Bossier Shale targets.”

Source: Seeking Alpha