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.”

Source

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 - First Quarter 2010 Haynesville Shale Update

Devon Energy (DVN) released earnings for the first quarter of 2010, and updated its activities in many of its prospective oil and gas plays, including the Haynesville Shale.

Devon Energy reported the completion of 3 wells in the Haynesville shale in Shelby and Nacogdoches Counties in Texas. The company said that the initial production rates on these wells averaged 6 million cubic feet equivalent per day.

Devon Energy has 157,000 net acres in the Haynesville Shale, mostly in East Texas. The company has 110,000 acres in the Greater Carthage Area, and 57,000 acres in the South Area. Devon Energy plans to drill 25 operated wells here in 2010.