Monday, June 30, 2008

Haynesville Shale: Petrohawk Well Producing Big Time

Petrohawk's Elm Grove Plantation No. 63 is located in Bossier Parish and was placed in production Friday. Sunday, the well produced an average rate of about 16.8 million cubic feet of natural gas per day.

“That’s a very good well, a very good well,” said Don Briggs, president of the Louisiana Oil and Gas Association, today. “Most are happy with 2 or 3 million cubic feet a day. … You’ve got to realize those wells cost $7 million … and when you get that much production it makes the economics of those kind of wells work.”

From The Times

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