bit of stuff from saf .. luckily he had the time to research the...

bit of stuff from saf .. luckily he had the time to research the seeking alpha presentation, i was planning on it later on w/e if i had a moment

Petrohawk Energy Corporation Q4 2009 Earnings Call Transcript Feb 23


Moving over to the Eagle Ford, there have been new entrants into the play in the last few months, and the Eagle Ford play is clearly going to grow. There is significant geologic variety in the Eagle Ford. The industry needs much more drilling and thereby much more data. Ill point out that the longest historical data points are in Hawkville Field, which Petrohawk operates.
Play varies in depth, porosity, and hydrocarbon mix. We mentioned in todays press release that the amount of 3D seismic data being acquired over Hawkville Field. It is likely that 3D seismic will be big business in the Eagle Ford for years to come.

Michael Hall Wells Fargo
Thanks. Good morning. Just a quick question on Eagle Ford or a couple, I guess. Have you done any work looking at any potential issues surrounding retrograde and the higher condensate window?
Dick Stoneburner
Weve certainly studied it and observed our well performance to see if we had anything that would be a retrograde condensate issue. I think in terms of what weve observed, weve just observed our wells to be getting better and better with time, just the opposite of what you might expect if there was any kind of a permeability degradation due to the dropout of condensate. So weve studied it. Weve looked at a lot of papers, STE [ph] papers, other various trade journals. There seems to be a consensus in the community that reservoirs with this permeability, particularly when they drill horizontally, do not exhibit a retrograde condensate issue. So while weve got our eye on it, were not going to take our eye off of it. Everything suggests that its not an issue.
Michael Hall Wells Fargo
Okay, great. Thats helpful. Thanks. And then on the B-factor, is there any variability in what you're seeing along those lines with the dry gas portion of Hawkville versus the higher condensate or any meaningful difference in the shape of the decline curves there?
Dick Stoneburner
Not really. Again, they both -- what we did I think most importantly, as we got these wells tubed up, meaning we ran our tubing stream, the wells that were able to unload themselves much more efficiently. And I think that as much as anything has shown us to have a change in the slope of the curve. So its kind of a combination of reservoir performance and operational efficiencies and just field common practices that have kind of resulted in the -- and I think a change in the curve. I think were going to do everything we can to get these wells tubed up early in their life and hopefully see the break-over in the curves even earlier. But again, its all early time. Weve only been producing for a little over a year now, and we are learning that we just really are very, very enthusiastic about the way the curves are breaking over


Eli Kantor Jefferies & Company
Hi, this is Eli Kantor in for Subash. Have you guys come across any buzz or reports on the terms of the Eagle Ford JV between BP and Lewis Exploration?
Floyd Wilson
Well, weve heard rumors like everyone else has. I dont think we need to comment on it.

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