Haynesville Shale

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

Devon Energy - Haynesville Shale Update

Devon Energy (DVN) reported third quarter earnings and discussed the Haynesville Shale during its conference call held on November 4, 2009. The company has 570,000 net acres under lease in the Haynesville Shale, and has identified at least 1000 locations.

Recent Haynesville Shale Completion

“The Kardell 1H achieved an average continuous 24-hour flow rate of 30.7 million cubic feet per day. We believe that this is the highest IP rate of any Haynesville Shale well ever drilled. The well was drilled to a vertical depth of 13,850 feet with a horizontal section of 4,500 feet.”

2010 Capital Plans

“In the fourth quarter, we will ramp-up drilling activity in the Haynesville to a five-rig program for most of 2010. This additional activity combined with our non-operated drilling activity will enable us to begin securing our term acreage in the southern portion of the play. We estimate that about 105 wells will need to be drilled over the next two years for us to adequately secure the acreage we are de-risking in the southern portion of the Haynesville.”

Haynesville Shale EUR’s

“It’s a little bit hard to say what the EUR expectations are. We think up in the Carthage area, we’re probably on the 5 to 6 Bcf per well range, probably 5.5 to 6 realistically.”

Source: Seeking Alpha

Devon Energy Reports Monster Well In Haynesville Shale

Devon Energy Corporation (DVN) reported a successful well completion on its acreage in the Haynesville Shale. Devon Energy Corporation reported that the Kardell Gas Unit 1H had an average 24-hour initial production rate of approximately 30.7 million cubic feet (Mmcf) of natural gas equivalent per day.

The well was drilled to a depth of 18,000 feet and was completed using a lateral of 4500 feet. The well is located in San Augustine County, Texas. Devon Energy has 570,000 net acres in the Haynesville Shale in East Texas and North Louisiana.