OPERATIONS UPDATE
Cubic maintains its acreage position in Northwest Louisiana, and is in the established epicenter of the Haynesville Shale play.
The Company's acreage consists of Cotton Valley and the shallower formation of the Hosston (upper and lower), Pettit, Gloyd, and Mooringsport, and the deeper Bossier Shale and Haynesville Shale formations. Our acreage is located in Caddo and Desoto Parishes, Louisiana.
| ACREAGE POSITION |
GROSS |
NET |
| Cotton Valley |
24,000 |
5,400 |
| Haynesville Shale |
22,000 |
4,300 |
Cubic has developed industry E&P company relationships that operate its properties, and that join as partners in the development of its Haynesville Shale acreage. Cubic shares its Haynesville Shale acreage with the following companies: EXCO Operating Company, LP; BG Group; Chesapeake Energy Corp.; Goodrich Petroleum Company; and El Paso Corp.
Cubic currently has 16 Horizontal Haynesville Shale wells Producing, and 5 Horizontal Haynesville Shale wells Waiting on Completion.
CUBIC'S HORIZONTAL HAYNESVILLE SHALE WELL STATUS SUMMARY
