Haynesville Shale

QEP Resources Issues Haynesville Shale Update For Second Quarter Of 2011

QEP Resources (QEP) issued an update for the second quarter of 2011 on its development of the Haynesville Shale.  The company has 50,600 net acres that are prospective for this play.

QEP Resources reported average daily production from the Haynesville Shale of 226 million cubic feet per day during the second quarter of 2011.  The company said that net production was impacted by the decision to restrict production on wells to boost recoverable reserves in the long term.

QEP Resources said that the completed well cost of Haynesville Shale wells has averaged $9.1 million to date.  The company’s spud to total depth averaged 32 days compared to 37 days in 2010. 

QEP Resources has eleven operated Haynesville Shale wells in various stages of completion and will operate six rigs in the play for the balance of the year.

QEP Resources Reports Haynesville Shale Activity In First Quarter Of 2011

QEP Resources (QEP) issued an operational update on its activities in the Haynesville Shale, where the company has 50,750 net acres under lease in the core area of the play.

First Quarter of 2011

QEP Resources put ten wells onto production and reported that the company average drill time for Haynesville Shale wells was 32 days (spud to total depth), down from 37 days previously.  The company said that its average cost to drill and complete a Haynesville Shale well was $9.1 million, down from $9.3 million in the previous quarter.

QEP Resources reported average production of 257 million cubic feet equivalent per day from well in the Haynesville Shale. The company has 24 wells waiting on completion and has 6 rigs operating in the play.

QEP Resources Updates Haynesville Shale Operations For 2010

QEP Resources (QEP) issued an operations update on its development activities in the Haynesville Shale. The company has 49,600 net acres under lease in the play.

QEP Resources reported average well costs of $9.3 million in 2010, with the last eight Haynesville Shale wells averaging $8.5 million. 

QEP Resources reported average production of 235 million cubic feet of natural gas equivalents per day in December 2010 from the Haynesville Shale. The company is operating six rigs in the play and has 13 operated wells waiting on completion.