Bossier

The news out of the Haynesville Shale and the nearby Bossier Sands keeps getting better for producers there, but to the north production from the developing Marcellus Shale could block the southern gas from traveling north to lucrative markets, some caution.

The news out of the Haynesville Shale and the nearby Bossier Sands keeps getting better for producers there, but to the north production from the developing Marcellus Shale could block the southern gas from traveling north to lucrative markets, some caution.

Oklahoma City-based GMX Resources Inc. plans to begin a drilling program in its Haynesville Shale and Bossier Shale holdings during 3Q2008. At 80-acre density, GMX estimates it would have five years of development on its 27,500 net acres. GMX plans to bump up its capital spending in 2008 to $271 million from $195 million, which would allow it to drill up to four to six net horizontal wells in the shale acreage. The new capital expenditure budget includes acreage acquisition costs, infrastructure build-out and equipment upgrades in East Texas and northwestern Louisiana. The company also increased its 2008 guidance for discretionary cash flow to $100 million, up from $80 million. Revenue is now forecast at $140 million, down from $125 million. In addition, production is seen to increase to 7.8 Bcfe in the second half of 2008 and is forecast to be 13.8 Bcfe for the full year. Daily production rates are expected to be 60 MMcfe/d by year’s end, up from previous guidance of 42 MMcfe/d.

Targeting the expanding Barnett Shale and Bossier Sands plays, Dallas-based Energy Transfer Partners LP (ETP) will expand two of its major Texas intrastate gas pipeline systems, the company said last week.

Targeting the expanding Barnett Shale and Bossier Sands plays, Dallas-based Energy Transfer Partners LP (ETP) will expand two of its major Texas intrastate gas pipeline systems, the company said Tuesday.

Houston-based Leor Energy LP, which is partnering with EnCana Corp. on some exploration prospects in the Bossier Trend of Robertson County, TX, said Thursday that the gross natural gas production from its Amoruso Field has reached 200 MMcf/d “and can now be comfortably counted as one of the top five largest onshore discoveries in the United States in the past decade.”

Houston-based Leor Energy LP, which is partnering with EnCana Corp. on some exploration prospects in the Bossier Trend of Robertson County, TX, said Thursday the gross natural gas production from its Amoruso Field has reached 200 MMcf/d “and can now be comfortably counted as one of the top five largest onshore discoveries in the United States in the past decade.”

Backers of the Southeast Supply Header (SESH) gas pipeline project — designed to bring new supplies, including those from the Barnett Shale and Bossier Sands, as well as regasified liquefied natural gas (LNG), to the Southeast market — are expanding the project to reach new markets in conjunction with Southern Natural Gas (SNG), an affiliate of El Paso Corp.

Backers of the Southeast Supply Header (SESH) gas pipeline project — designed to bring new supplies, including those from the Barnett Shale and Bossier Sands, as well as regasified liquefied natural gas (LNG), to the Southeast market — are expanding the project to reach new markets in conjunction with Southern Natural Gas (SNG), an affiliate of El Paso Corp.