The U.S. onshore rig count currently is “trendless,” but there’s hope for some direction in first quarter reports by three of the top domestic oilfield services providers, Schlumberger Ltd., Baker Hughes Inc. and Halliburton Co., according to Tudor, Pickering, Holt & Co. Inc. (TPH).
Multiples
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Independent Exploring Haynesville Potential in Mississippi
Mainland Resources Inc. is poking around in a portion of the Haynesville Shale in Mississippi that has been largely unexplored. The Houston-based independent said Thursday its Burkley-Phillips No. 1 well on the Buena Vista prospect in Jefferson County has penetrated the top of the target Haynesville at a depth of 19,980 feet.
December 6, 2010