Adams Resources Announces Haynesville Shale Activity
2009年11月10日 - 5:14AM
PRニュース・ワイアー (英語)
HOUSTON, Nov. 9 /PRNewswire-FirstCall/ -- Adams Resources &
Energy, Inc. (NYSE Amex: AE) announced that during the third
quarter of 2009 it participated in the drilling of three successful
wells in the Haynesville Shale Play of Nacogdoches County, Texas.
These wells, the Hill #1, the Pop Pop Gas Unit #1 and the Hassell
Gas Unit #1, each began initial production rates from 12,000 to in
excess of 15,000 mcf per day of natural gas with flowing tubing
pressures in excess of 7200 psi. The Company has a 5% working
interest in these wells. Based on the favorable results to date and
a fourth well drilled earlier this year, the Company participated
in a recent leasehold acquisition to expand its acreage position in
the area. Presently, the Company holds a 5% working interest in
approximately 43,000 acres, which includes the area of the four
productive wells. A 2% working interest is held in approximately
24,000 additional acres. Further drilling activity is anticipated
on this Haynesville opportunity with two rigs scheduled for
December 2009 and additional rigs anticipated for 2010. The
information in this release includes certain forward-looking
statements that are based on assumptions that in the future may
prove not to have been accurate. A number of factors could cause
actual results or events to differ materially from those
anticipated. Such factors include, among others, (a) continued
drilling of successful wells in the acreage discussed herein, (b)
general economic conditions, (c) fluctuations in hydrocarbon prices
and margins, (d) variations between commodity contract volumes and
actual delivery volumes, (e) unanticipated environmental
liabilities or regulatory changes, (f) counterparty credit default,
(g) inability to obtain bank and/or trade credit support, (h)
availability and cost of insurance, (i) changes in tax laws, and
(j) the availability of capital, (k) changes in regulations, (l)
results of current items of litigation, (m) uninsured items of
litigation or losses, (n) uncertainty in reserve estimates and cash
flows, (o) ability to replace oil and gas reserves, (p) security
issues related to drivers and terminal facilities, (q) commodity
price volatility (r) demand for chemical based trucking operations,
(s) successful completion of drilling activity, (t) financial
soundness of customers and suppliers and (u) adverse world economic
conditions. These and other risks are described in the Company's
reports that are on file with the Securities and Exchange
Commission. Rick Abshire (713) 881- 3609 DATASOURCE: Adams
Resources & Energy, Inc. CONTACT: Rick Abshire of Adams
Resources & Energy, Inc., +1-713-881-3609
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