Haynesville Shale

The Haynesville Shale is a rock formation mainly composed of consolidated clay-sized particles deposited and buried in northwest Louisiana and East Texas more than 170 million years ago during the Upper Jurassic age. It is characterized by ultra-low permeability but has a high porosity compared to other shales.

The Haynesville Shale came into prominence in 2008 as a potentially major shale gas resource. Producing natural gas from the Haynesville Shale involves drilling wells from 10,000 feet and to 13,000 feet deep. The formation is deeper in areas nearer the Gulf of Mexico. The Haynesville Shale has recently been estimated to be the largest natural gas field in the contiguous 48 states with an estimated 250 trillion cubic feet of recoverable gas. Production has boomed since late March 2008, creating a number of new millionaires in the Shreveport, Louisiana region.

Oil And Gas Boom Plays In The USA And Canada

Antrim Shale ANWAR Oil Shale - Austin Chalk - Avalon Shale -Bakken Oil Shale - Barnett Shale- Bone Spring - Bossier Shale -Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale -Collingwood Shale - Cumnock Shale - Duvernay Shale -Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale- Marcellus Shale - Monterey Shale - Montney Shale -Niobrara Shale - Permian Basin - Piceance Basin - Smackover Brown Dense Formation - Spraberry Field - Tuscaloosa Marine Shale -Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale -Oil Sands - China Shale - Mineral Rights - Index of Shale

Wednesday, October 19, 2011

Discusses the Company's Net Acreage Expansion and How the Mississippian Formation Play Is Heating Up


POINT ROBERTS, WA, Oct 19, 2011 (MARKETWIRE via COMTEX) -- Investorideas.com, a leader in sector research including oil and gas stocks, issues a recent exclusive interview with Kim Bradford, President and CEO of Osage Exploration and Development, Inc. OEDV -7.90% , discussing the Company's recent expansion to 15,000 net acres in the Nemaha Ridge, Oklahoma horizontal Mississippian play.
Q: Investorideas.com The Mississippian formation play is heating up in terms of new entrants. Recently PetroQuest Energy announced they had closed its Mississippian Lime acquisition of 28,250 acres for an adjusted purchase price of $24,100,000. Can you share with investors what you are seeing in terms of growing interest from the majors and why?
A: Kim Bradford, President and CEO of Osage Exploration and Development, Inc.
All of the major Oklahoma based publicly traded oil and gas exploration companies have been involved in developing horizontal Mississippian projects. SandRidge Energy, Chesapeake Energy Corporation, Devon Energy Corporation, Range Resources, Continental Resources, as well as many privately owned Oklahoma based companies are involved in the play. PetroQuest joins the growing list of non-Oklahoma based companies acquiring horizontal Mississippian projects. What I believe we are seeing is a similar sort of phenomenon like we have witnessed in the Marcellus shale play, the Haynesville shale play, and others which is that companies feel that they have to be exposed to this play. Strategically, the bigger oil companies cannot afford to miss a domestic opportunity with great economics, unless it is truly outside their area of focus or expertise. It is fair to say that almost every significant oil company in America has access and expertise in the Mid-Continent, so we are seeing a groundswell in the number of companies endorsing the horizontal Mississippian in Oklahoma.
Source: Market Watch 
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