With 10 horizontal rigs operating in the play, Petrohawk Energy Corp., Houston, (NYSE: HK) has a Haynesville shale well completed at 17 million cubic feet equivalent per day.
The company drilled 100 operated wells and 95 non-operated wells during the third quarter with a success rate of 97%. At the end of the third quarter, 32 operated rigs and approximately 15 non-operated rigs were in operation.
In the Haynesville, Petrohawk’s third operated well, Hunt Plywood 36 #11H (100% working interest), was placed on a daily production at rate of about 17 million cubic feet equivalent, on a 22/64-inch choke with 7,225 pounds flowing casing pressure. The well has averaged 15.4 million cubic feet equivalent during the first 30 days of production.
Petrohawk’s first operated Haynesville well, Elm Grove Plantation (EGP) #63H, has produced for approximately 100 days and has averaged 8.8 million cubic feet equivalent per day during this period. The company’s second operated well, Hutchinson 9 #5H, has been on production for about 67 days and has averaged 14.6 million cubic feet equivalent per day. Several additional Haynesville shale wells are currently being completed.
Ten operated horizontal rigs are currently drilling in the play as well as five spudder rigs. Petrohawk reports it will end the year with 12 operated horizontal rigs drilling in the play. To date, the Company has drilled through the Haynesville in a total of 16 wells.
In addition to Haynesville activities in northwestern Louisiana, Petrohawk will begin testing Haynesville and Bossier prospects in Shelby County, Texas, with initial results expected before the end of the year. Two operated rigs will be dedicated to this program during the fourth quarter. Drilling activity will also initiate on acreage included in the previously announced Joint Venture with EOG Resources Inc., Houston, (NYSE: EOG) in Nacogdoches County during the fourth quarter. Three rigs are expected to be operating within this joint venture area, targeting the Haynesville Shale as well as James Lime and Travis Peak formations.
Petrohawk’s properties are concentrated in North Louisiana, Arkansas, East Texas, Oklahoma and the Permian basin.—JAS