Monday, February 6, 2012

Drilling Activity

Sources indicate that Devon will be adding a 2nd rig to the TMS play soon.  Encana, who has been rumored for weeks to be adding rigs, now appears to be slowing down the plan. Several sources indicate that it is for corporate reasons relating to very depressed natural gas prices and not the TMS results.  The initial rates on the Weyerhaeuser 73H-1 and their record drilling time and lateral length on the Anderson 17H-1 are very encouraging.  Sources indicate that after 5-6 completions, a full operational plan will be implemented.

Encana's webcast tomorrow at Credit Suisse might be informative.
http://cc.talkpoint.com/cred001/020612a_ah/?entity=24_66RRHM0

Other upcoming events:

Encana
Feb 7, 2012
Credit Suisse Energy Summit - 2:20PM EST
Feb 17, 2012
Q4 2011 - Earnings Release-Tentative

Devon
Feb 8, 2012
Credit Suisse Energy Summit - 12:35PM EST
Feb 15, 2012
Q4 and Year-End 2011 - Earnings Conference Call - 11:00AM EST
May 2, 2012
Q1 2012 - Earnings Conference Call - 11:00AM EDT

EOG
Feb 9, 2012
Credit Suisse Energy Summit - 12:35PM EST
Feb 17, 2012
Q4 2011 - Earnings Conference Call - 9:00AM EST

Goodrich Petroleum
Feb 23, 2012
Q4 2011 - Earnings Conference Call - 11:00AM EST

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