PetroQuest’s Cotton Valley Success Pushes Production Guidance Higher

PetroQuest Energy Inc.’s first multi-well pad in the Cotton Valley formation, trending above the Haynesville Shale, reached a cumulative rate of 27,697 Mcf/d of natural gas, 1,678 b/d of natural gas liquids and 67 b/d of oil in its initial 24-hour gross rate, the producer said.

July 13, 2017

Goodrich To Focus 2013 Drilling in Tuscaloosa Marine, Eagle Ford Shales

Goodrich Petroleum Corp. officials said they were “extremely pleased” with results from several wells in the Tuscaloosa Marine Shale (TMS), while the company’s “balanced portfolio” saw net crude oil production climb to 1.1 million bbl in 2012, a 70% increase over 2011.

February 25, 2013

Eagle Ford Stars in Penn Virginia Liquids Shift

Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”

August 5, 2011

Industry Briefs

Houston-based Petrohawk Energy Corp. has acquired more leasehold in the emerging Haynesville Shale area of northwest Louisiana and the Elm Grove and Cotton Valley formations in Texas from several private parties. Financial details were not disclosed. The additions bring Petrohawk’s acreage position in the Haynesville Shale play to more than 70,000 net acres, including 30,000 net acres in Elm Grove field, historically the company’s largest producing property. Chesapeake Energy Corp. CEO Aubrey McClendon said in March that the Haynesville Shale could hold more natural gas reserves than the Barnett or Fayetteville gas shales (see Daily GPI, March 26).

April 9, 2008