News & Views
Oil & Gas Update From Evan Fogelman
The Haynesville Shale
Now that the celebrated Barnett Shale is becoming exhaustively leased and
drilled, operators are looking a bit further to the east. East Texas and North
Louisiana share the next hot play known as the Haynesville Shale. This high
pressure reservoir may "out produce" the Barnett.
The flow rates of these early Haynesville gas wells are promising at current
prices, but it is also important to know that completion costs are significantly
higher than Barnett wells. At depths of around 14,000 feet, fracs require ceramic
proppant that withstands greater pressure. Working interest owners only familiar
with Barnett and Fayetteville AFE�s may be surprised.
There is also the possibility of multi-zone recovery in the overlaying James
Limestone and Cotton Valley sands. Thus, the leasing proposition may be a bit
more complicated. Nevertheless, if you�re an operator or interest owner, the
Haynesville may prove irresistible and, if leased, drilled and developed smartly,
Licensed in Texas and Louisiana, Evan Fogelman�s
practice is focused on Oil and Gas transactions. Please
call him at (972) 661-5114 or e-mail
firstname.lastname@example.org to schedule a consultation.
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