It gets better folks. This thing might - just might - be
even better than sliced bread!
There is another shale located just above the Haynesville which, according to EnCana's early drilling, could be as big as the Haynesville itself! Though another drilling company isn't so sure. But still - it's more gas!
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ZE LINK <<<
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U.S. shale play could be huge: EnCana Nathan VanderKlippe
Calgary — Globe and Mail Update, Thursday, May. 28, 2009 03:52AM EDT
EnCana Corp. (ECA-T60.721.352.27%) says early drilling results indicate it is sitting on a potentially massive natural gas resource in the southern United States – one that's stacked on top of the already lucrative Haynesville shale of east Texas and western Louisiana.
EnCana said Wednesday it believes the so-called mid-Bossier shale could rival the size of the Haynesville reserve, which the U.S. Department of Energy has estimated contains 251 trillion cubic feet of recoverable natural gas. That's enough to supply the entire continent for 10 years, although only a fraction of technically recoverable gas is usually profitable to produce.
The bonus for EnCana is that the mid-Bossier and the Haynesville are what the industry calls a “stacked play.” Depending on location, the Haynesville shale lies between 3,200 and 4,100 metres below the surface. The mid-Bossier is 150 metres above it. Many wells drilled to obtain access to the Haynesville pass through the mid-Bossier.
Because the mid-Bossier did not initially show as much as promise as the Haynesville, and because of Louisiana land-retention regulations, companies have rushed to drill the deeper Haynesville first. As a result, the mid-Bossier itself has been largely ignored until now.
EnCana, however, has drilled several vertical wells and, in the past few months, a single horizontal well to test the mid-Bossier. It found gas that mirrored the quality and quantity of the Haynesville.
“The thickness and aerial extent are similar to the Haynesville, and we think the gas in place could rival – or is right there with – Haynesville,” Jeff Wojahn, president of EnCana's U.S. division, said in an interview Wednesday.
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