Topic: Haynesville Shale

New Well Highlights from Permian, Williston, Eagle Ford, and Haynesville

Shell completes 2 mile lateral in Permian (2019-01-31)Shell reported the completion of a new well on an 855 acre lease in Loving county, Texas.The Medora 29 LOV Unit 0805 1H was drilled to a vertical depth of 11,849 ft and a measured depth of 22,664 ft. It flowed 1,670 bbl of oil and 2,336 MMcf of gas over a 24 hour period  for a gas-oil ratio of 1398 February 7. Hydraulic fracturing and proppant is supplied by Keane with FTSI provided acid.Equinor Energy in Williston...

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Central Texas Frac Sand Mine Hours Drop 10%

In 2019, Texas will reach over 130 million tons of production per year (MMTPY) of frac sand nameplate capacity, of which 85% will come from Permian and Eagle Ford facilities, as new construction projects wind down and ramp to full utilization. Energent is closely monitoring regional operations in central and south Texas as mines shut down in the first half of 2019.Pioneer Natural Resources (NYSE: PXD) and Covia Holdings Corporation (NYSE: CVIA) reported future closures scheduled in the first...

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Slawson Exploration Completions 2018

Well Highlights from Haynesville, Marcellus, & Williston

Slawson Exploration completes multiple 2 mile laterals in Williston (2018-12-25, 2018-12-26, 2018-12-27) Three wells were completed in late 2018 by subsidiary Slawson Exploration Company in Mountrail County, North Dakota. They are among the top five performing Slawson wells in a five mile radius in 2018. Production data is limited in this case since the three wells were completed in December. However, based on initial production the Torpedo Federal 6H, 7H, and 8H are among the company's top performing new wells in...

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West Texas inSANDity Continues in the Permian

Last week in Houston at the Frac Sand Supply & Logistics Conference, all signs pointed towards more sand per lateral foot, more mines in the Permian, and more trucks to deliver frac sand to the wellsite. Frac sand demand in the Delaware and Midland Basins is expected to increase. E&Ps have increased the proppant per lateral foot by 31% in the last year, with public E&Ps citing the transportation and logistics constraint as a concern, not frac sand supply. Regional replacement? Based on...

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DUCs Head North for Summer

Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays. In Halliburton’s (NYSE: HAL) second quarter earnings call Dave Lesar said, ”rig count growth is showing signs of plateauing and customers are tapping the brakes.”  With oil prices under $50 per barrel and oil supply at record levels, expect a pullback in Permian, Eagle Ford, DJ-Niobrara, and Bakken drilling activity. The steady increase of horizontal drilling rigs and infrastructure needs in...

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Haynesville DUC Count Declines through 2015 and 2016

In the last piece on uncompleted wells explored North Dakota showing the impacts and trends that the uncompleted wells have on the market. Now how does one figure out the number of uncompleted wells without over or under counting? This article will show the approach of the DUC analysis by using the Haynesville play highlighting some of the difficulties and uses of this data. The chart below shows a glimpse of the outcome of this analysis and where the DUC...

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Exco Will Bring 18 Wells Online with $103M Budget in 2016

Exco Resources (NYSE: XCO) is an active operator in the Haynesville, Eagle Ford and Marcellus plays. XCO has cut the budget once again after finishing 2015 $23 million under the estimated budget of $300 million, budgeting $103 million for 2016. During the first half of 2016 they expect to spend $70 million on drilling and completion activities, a 59% decrease from 2015 first half spend.  Improved Well Design in the Haynesville and Longer Laterals in East Texas East Texas Asset Team...

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Haynesville Permits Drop -25% Y-o-Y

Activity in the Haynesville slowed as U.S. independent operators have moved to core plays with better returns at current prices. Operators like Comstock and EXCO have looked to the Haynesville to start refrac programs that show promise of higher returns. Read more about our Haynesvill Refrac  In-Depth Series.Permit activity shrinks -25% from one year ago In the Haynesville, new drilling permit activity has decreased -25% from January of 2015 to January of 2016 and -61% from 2014. So far in 2016,...

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