Bossier Shale, Don’t get it confused with The Haynesville Shale!

The Bossier Shale could potentially affect the value of thousands of acres of land already held by Independent Oil and Gas Produces such as Petrohawk (HK) and Chesapeake (CHK). The Bossier Shale is an entirely separate geological play, in the same geographical area of the Haynesville shale, that is producing a lot of Nat Gas. Does this mean the supply held in this region is twice as much as already calculated? Does this make the Leaseholds twice as valuable? Or could this be the supply that floods the market and depress an already historically low price? This could also ruin the value of both companies by futher saturating the market with new Natural Gas supplies. Massive Underground Storage Facilities have record inventories due to production increases from unconventional shale plays. A new Technology in Drilling called "fracking" is opening up shale gas plays across the country. The Haynesville Shale is said to be the largest gas find in the lower 48 states.
All the players in this shale seem to be tapping into it. They are releasing their results but have not seemed to bolster the news with much fanfare. There has been a lot of insider stock buying going on across the industry. Future Options are bullish on Petrohawk (HK) partly because of the under-valuation of the company and its potential as a takeover target by cash rich oil and gas giants. Chevron recently announced it takeover of Atlas energy. Carl Ichans has announced that he had purchased a minority interest in Chesapeake (CHK). It could be a value play on his part or he might be taking an environmental stand. Either way benefits all the Natural Gas producers. Even the depressed price on Nat Gas has not slowed down drilling to protect leaseholds. That could be interpreted that that is a strong indication that these companies are confident in their futures.