Haynesville Shale and SM-NYSEECA stated in its recent presentation at CAPP that the Haynesville shale has the same potential as the Barnett shale, the biggest shale gas play in the U.S., producing 3 bcf/d.
ECA has 325,000 net acres.
I found a company called St. Mary Land and Exploration (SM-/NYSE) that has 50,000 net acres in the Haynesville shale. SM has an almost unbroken record of annual double digit growth in the past 15 years. The stock is trading at a major discount valuation to its peers (i.e., $80,000 BOEs/d vs. $100,000 BOEs/d for ECA). You are effectively getting SM's 50,000 acres in the Haynsville shale and its 37,000 net acres in North Dakota for free!!!