SynMax Hyperion data has identified Comstock Resources drilling and fracking activity in a part of Texas that traditionally does not produce meaningful amounts of natural gas. Early indicators from records filed with the Railroad Commission of Texas show the first of these new wells is producing an unheard of 30mmcf/d of initial production for four straight months. Hyperion satellite images have observed that Comstock already fracked a second well with similar characteristics but the production data has not yet been reported. Comstock is continuing to drill new wells in the region.
There may be a new potentially large natural gas basin play and it would be in the Bossier shale formation. Comstock Resources has reported a new well that has been producing about 30 MMcf/d on a very consistent basis for the last 4 months. That’s a very high IP (Initial Production) rate for a well and for that well to be consistently producing 30 MMcf/d for 4 straight months and means only one thing, that Comstock Resources is choking back the well because the production potential is much greater than 30 MMcf/d. The well is 14,000 feet deep with a lateral of 3,000 feet. The well is located in Robertson County, Texas, west of the Texas Haynesville shale region, and is a natural gas well.
The Bossier shale formation is traditionally associated with the Haynesville region. However the formation may extend west all the way to Robertson county.
The results of the well and the fact that Comstock Resources has started 3 other wells all within a few miles of each other accessing the same formation indicates that there is a large potential basin play in Robertson County, Texas. Expect Comstock Resources to quietly increase activity and initiate more land leases in Robertson County, Texas before announcing the discovery.
