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.

Callon Petroleum Reports Haynesville Shale Completion

Callon Petroleum (CPE) reported the completion of a recent well into the Haynesville Shale on its acreage in Louisiana.

Callon Petroleum said that the George R. Mills No. 1H well was placed onto production at a gross restricted rate of 10.5 million cubic feet equivalent per day using a .28125 inch choke.

The company has no further drilling plans in the Haynesville Shale and said that it would start up development if natural gas prices moved higher.

Petrohawk Energy Reports Success With Haynesville Shale Restricted Well Program

Petrohawk Energy (HK) released an operational update, and provided details on its activities in the Haynesville Shale. The company is reducing the operated rig count in the Haynesville Shale to 14 from 17 during the balance of 2010, but still plans on drilling a total of 110 wells.

Petrohawk Energy also reported success with its program of restricted production on new wells in the Haynesville Shale. The company said that the program has led to higher first year production and higher estimated ultimate recovery on these wells. The company has decided to restrict production on all newly completed wells.

Petrohawk Energy also restricted production on a select group of already producing Haynesville Shale wells, and noticed a flatter decline curve on these wells.