Haynesville Shale

Comstock Resources Comments On Haynesville Shale - Part Two

Comstock Resources (CRK) held a conference call on August 3, 2010, to discuss the company’s second quarter earnings. The company made some comments on its operations in the Haynesville Shale, where Comstock Resources has 78,000 net acres.

“We also spent $62 million this year to acquire exploratory acreage. $39 million was spent to acquire 5,000 additional net acres respective for the Haynesville Shale in North Louisiana.”

“Since our last operational update, we’ve completed five operated Haynesville Shale wells. Three of the completed wells are in our North Toledo Bend field in DeSoto Parish Louisiana; one is in Logansport Field in DeSoto Parish and one in the Beckville field in Harrison County, Texas.”

“The wells North Toledo Bend were tested, at an average per well initial production rate of 10 million per day. The Logansport well was tested at 16 million per day and the Beckville well in East Texas was tested at 9 million per day. These wells were drilled with horizontal laterals from 4500 to 5000 feet and were completed with 15 to 18 frac stages.”

“Our planned activity this year to further develop our Haynesville and Bossier Shale acreage. 41 wells are planned for Logansport and 15 are planned for Toledo Bend North and South field.”

“The initial production rates reflect our choke back program where new completions are being tested and produced with a tighter choke to maintain a high reservoir pressure and the well for a longer time. We believe that the ultimate reserve recovery will improve when the well’s completed in this manner.”

Source

Comstock Resources Reports Second Quarter Of 2010 Haynesville Shale Update

Comstock Resources (CRK) reported that production from the Haynesville Shale averaged 102 million cubic feet equivalent per day during the second quarter of 2010. This was 47% of the company’s total production.

Comstock Resources has drilled 34 gross, or 24 net wells into the Haynesville Shale to date in 2010. Eleven of these wells have been completed with an average initial production rate of 12.5 million cubic feet equivalent per day.

Comstock Resources has completed five wells into the Haynesville Shale since the company last updated investors. The company completed three wells in the North Toledo Bend in DeSoto Parish, Louisiana. The wells averaged an initial production rate of 10 million cubic feet equivalent per day.

Comstock Resources completed one well in the Logansport Field in DeSoto Parish, Louisiana. The well had an initial production rate of 16 million cubic feet equivalent per day. The company completed one well in the Beckville Field in Harrison County, Texas. The well had an initial production rate of 9 million cubic feet equivalent per day.

Comstock Resources - Haynesville Shale Update - Part I

Comstock Resources (CRK) issued an operational update and provided additional information on its acreage in the Haynesville Shale. The company has acreage in several different fields in Louisiana and Texas, and drilled 13 gross, or 9.4 net wells in the first quarter of 2010. Twelve of these wells were into the Haynesville formation, and the average production rate of the wells was 14 million cubic feet equivalent per day.

South Toledo Bend

The South Toledo Bend field is located in Sabine Parish, Louisiana. The company drilled the Sustainable Forest 3#1H to the Upper Haynesville or Bossier Shale. The well was completed with a 16 stage hydraulic fracturing operation, and produced at an initial production rate of 20 million cubic feet equivalent per day.

Logansport Field

The Logansport field is located in DeSoto Parish, Louisiana. The company drilled the Horn 5 #1H well to the Haynesville Shale. The well was completed with an 18 stage hydraulic fracturing operation and a 4,669 foot lateral. The well produced at an initial production rate of 20 million cubic feet equivalent per day.

Comstock Resources drilled the Ramsey 4 #1H well to the Haynesville Shale. The well was completed with an 18 stage hydraulic fracturing operation and a 4,616 foot lateral. The well produced at an initial production rate of 15 million cubic feet equivalent per day.