Object Reservoir Inc., a technology and services provider to the global upstream oil and gas industry, announced the commencement of a multi-company initiative to help increase the value of Haynesville shale assets. Companies now participating include BP America, Comstock Resources, EXCO Resources, Forest Oil, Petrohawk Energy, and several other prominent Haynesville operators. A limited number of additional operator participants will be admitted to the project.
The Haynesville Shale Collaborative Exploitation Project, or CEP, formally commenced on April 1st, and the first workshop for participants will be held in Houston on April 21st. The objectives of this CEP are to accelerate the learning curve for optimal exploitation of operators' Haynesville shale assets, with best practices for well stimulation, completion, and spacing.
In addition, in partnership with leading reserves determination firm, DeGolyer and MacNaughton, Object Reservoir's efforts are intended to lead to practical prescriptions for "turning resources into reserves," helping operators to monetize their assets earlier by booking proved reserves and determining contingent resources. The project will include well and other data from both Louisiana and Texas.
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