Comstock Resources (CRK) reported its earnings for the fourth quarter of 2009, and held a conference call on February 9, 2010 to discuss the results. The company has 73,000 acres that are prospective for the Haynesville Shale, and 46,000 net acres that are prospective for the Upper Haynesville (Bossier) Shale.
Haynesville Shale Acreage
“We currently have 86,000 gross acres and 73,000 net acres that we believe our perspective for Haynesville development. 70% of our acreage is in North Louisiana, the better part of the play. Given expected well spacing of 80 acres, and an expected per well recovery of 5 Bcfe per well, our acreage could add 3.4 Tcfe of reserve potential.”
Upper Haynesville (Bossier) Shale Acreage
“We currently have 52,000 gross acres and 46,000 net acres that we believe are perspective for upper Haynesville development. Given the same well spacing of 80 acres and expected per well recovery of 5 Bcfe per well, this acreage could have an additional 2.2 Tcfe of reserve potential.”
“We plan to drill probably around 15 or so upper Haynesville or Bossier tests (in 2010).”
Source: Seeking Alpha
