Petrohawk Energy Corp. Q3 2008 Earnings Call Transcript

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2008-11-06 19:55:19.0

Tags: Chairman, SEC, Call Transcript, Earnings, Petrohawk Energy Corp., Fayetteville, Haynesville, Seeking Alpha, Chairman, SEC, Call Transcript, Earnings, Petrohawk Energy Corp., Fayetteville, Haynesville, Seeking Alpha

Question-and-Answer Session

[Operator Instructions]. Our first question comes from the line of David Heikkinen with Tudor Pickering Co.

David Heikkinen - Tudor Pickering Co. SEC

Good morning, just a question about third quarter production. Can you talk about your regional production; how much was from the Fayetteville, how much was kind of traditional Cotton Valley, Houston and then kind of where do you see Haynesville contribution going into the fourth quarter?

Floyd C. Wilson - Chairman, President and Chief Executive

Looking at the date, just picking it out of my book here. In mid September, we were producing about a 125 million in Elm Grove. About 45 to 50 million in Terryville, about 60 million in Fayetteville and at that point, we were in the mid teens in the Haynesville.

David Heikkinen - Tudor Pickering Co. SEC

Okay.

Floyd C. Wilson - Chairman, President and Chief Executive

And then about 74 million in our Western region.

David Heikkinen - Tudor Pickering Co. SEC

Okay. That's helpful. Yes, that's good. And as you think about your capital budget and your targets over next year, how sensitive is your '09 target to timing of wells coming online and are you building any cushion in for gathering system delays and have the same thing that's happened in the Fayetteville, particularly in the Haynesville area?

Floyd C. Wilson - Chairman, President and Chief Executive

We have not particularly built in any delays. We've arranged for most of our capacity needs through the year. We're not particularly sensitive to certainly early in the year. I think that later in the year there could be some issues that certain project were not happening. We're not currently counting on any new build project in the field it's our reform gathering efforts in the Haynesville, but Fayetteville will be complete by the end of this year and so will the Fayetteville, the Boardwalk pipeline, so they're only getting items for our projection for 2009 and the Haynesville would be our won gathering which we're handling ourselves. So, we're fairly confident that we can make a way through this production growth that we foresee.

Floyd C. Wilson - Chairman, President and Chief Executive

Okay, Thanks guys.

Operator

Our next question comes from the line of Michael Hall with Stifel Nicolaus.

Michael Hall - Stifel Nicolaus & Company, Inc.

Thanks. As you look at your program in East Texas, you have any plans to look at the Haynesville lines?

 

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