By OGJ editors
HOUSTON, Apr. 27 – Questar Corp.’s E&P unit has built its position in the Haynesville shale play to more than 48,000 net acres, mostly in Bienville, Bossier, Caddo, De Soto, and Red River parishes, La.
The company is running seven rigs and is participating in 10 Haynesville wells now being drilled. It has participated in 18 Haynesville completions in 2010, eight wells under completion, and 17 wells awaiting completion. Net proved reserves were 592 bcf at the end of 2009.
Assuming 80-acre spacing, the company estimates its position could accommodate more than 1,000 gross additional unbooked locations.