Haynesville Shale

Forest Oil Updates Investors On Haynesville Shale Development

Forest Oil (FST) now has 102,900 gross, or 72,300 net acres under lease in the Haynesville Shale in Louisiana and Texas. Forest Oil has 27,900 net acres in Red River and Sabine Parish in Louisiana, and Shelby County, Texas. The company also has 44,400 net acres in Harrison, Panola, and Rusk Counties in Texas.

Forest Oil drilled and completed five Haynesville Shale wells during the second quarter of 2010. The first three wells had an average initial production rate of 18 million cubic feet equivalent per day and operated with an unrestricted flow rate.

Forest Oil is operating the final two wells under a restricted flow rate program, as the company believes that this will enhance the long-term productivity of the wells. These two wells had its production rates curtailed rate between 13 and 14 million cubic feet equivalent per day.

Forest Oil - Q1 2010 Haynesville Shale Update

Forest Oil Corporation (FST) issued an operational update on its activities in the Haynesville Shale in Texas and Louisiana. The company currently has 102,900 gross, or 72,300 net acres in the play.

Forest Oil Corporation said that 40,200 gross, or 27,900 net acres are located in Red River and Sabine Parishes in Louisiana and in Shelby County, Texas.

Forest Oil Corporation said that 62,700 gross, or 44,400 net acres are located in Harrison, Panola, and Rusk Counties in Texas.

The company currently has 2 wells being completed, and has plans to drill 13 wells during the balance of 2010.

Goodrich Petroleum Reports Haynesville Shale Completion

Goodrich Petroleum Corporation (GDP) reported the completion of a Haynesville Shale well. The Billy Harris No. 1H was completed with a 24 hour peak production rate of 12.2 million cubic feet per day of natural gas. The horizontal well was drilled with a 5,000-foot lateral and 20 fracturing stages.

Goodrich Petroleum Corporation has a 100% working interest in this Haynesville Shale well. The company has 85,000 acres under net lease that are prospective for the Haynesville Shale.

The Beckville Field is located in Panola and Rusk Counties in Texas. The company has 97 Bcfe of proved reserves here as of the end of 2008, all of which is located in the Cotton Valley formation. Goodrich Petroleum Corporation believes that it has 147 net well locations in the Haynesville Shale in the Beckville Field.