Petrohawk produced an average of 562 Mmcfepd during 2010. The midpoint of full year 2011 production guidance is 885 Mmcfepd, representing an estimated 31% year over year increase and a 57% year over year increase pro forma for 2010 divestitures. The midpoint of first quarter 2011 production guidance is 770 Mmcfepd.
Petrohawk announced $2,300 million capital program, of which $1,900 million (82%) is allotted to drilling and completion activities.
Petrohawk announced $2,300 million capital program, of which $1,900 million (82%) is allotted to drilling and completion activities.
Eagle Ford Shale:
- Planned 12 rigs for 1H 2011 and 15 rigs for 2H 2011. ~347,600 risked net commercially productive acres
Black Hawk:
- Estimate of ~73,600 risked commercially productive net acres. Currently operating eight rigs ramping to 10 rigs by June 2011
Hawkville Field:
- Currently operating 5 rigs with plan to hold constant in 2011. Risked estimate of ~224,000 commercially productive net acres
Red Hawk:
- Five wells scheduled for 2011, two waiting on completion.
Haynesville Shale:
- Estimated ~225,000 risked commercially productive net acres; 75% operated. Operated rig count currently 16 and will hold thru 1st half 2011, 7 in 2ndhalf of 2011; leasehold requirements primarily met by mid-year
Lower Bossier Shale:
- Estimate ~150,000 risked commercially productive net acres. The company anticipates initiating Bossier development once Haynesville lease capture complete in mid-2012
