haynesville shale news 2022

PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions PHX has added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. The U.S. will become the biggest seller of the super-chilled fuel in 2025., As reported by oilprice.com is Available for License(Click here to inquire), Bienville Bossier Caddo Claiborne Desoto Jackson Lincoln In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline, Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. Editors note: This is one in an occasional series of articles examining the state of major U.S. shale plays at the end of 2022. Tellurian Operating, LLC Thunderbird Resources LP Trinity Operating (USG), LLC Vine Oil & Gas, LP XTO Energy, New Sections Coming: Permian Basin, Eagle Ford Shale, Piceance Basin, Denver/DJ Basin, Fort Worth Basin (Barnett Shale), Future: Anadarko/Arkoma Basin, Williston Basin (Bakken Shale), Green River Basin, Uinta Basin (Mancos), Appalachian (Marcellus Utica). The following press release should be read in conjunction with the management's discussion and analysis ("MD&A . All rights reserved. Dry gas is a pure gas well as seen in Haynesville, Marcellus, Utica, and Fayetteville, as opposed to wet gas, or associated gas, as seen in oil rich basins like the Permian and DJ basins . 2023 Natural Gas Intelligence. During the year ended December31, 2020, Comstock turned 76 (43.7 net) Haynesville shale wells to sales and currently expects to turn 14 (13.0 net) operated wells to sales in the first quarter of 2021. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. As the largest private producer in the Haynesville, Aethon produced 313,492 boe/d of its total 330,601 boe/d from the basin. Fellow private operatorVine Oil & GasLP. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. 2023 Shale Experts, All rights reserved. Prices for top E&P stocks and commodities. Last reply by Rick Jackson Feb 13. News. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. All rights reserved. matthew.phillips@tellurianinc.com. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. The average initial production rate of these wells was 24 MMcf per day and had an average completed lateral length of 9,288 feet. "We hope to be able to announce some agreements that we are close to getting signed over the next few years," McCrea said, noting the company was "still a ways from FID but we are really excited about where that project is going. The Haynesville Shale is a prolific, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana. Active County >>, Haynesville Shale Rig Data & Trends, Tellurian to Acquire Haynesville Assets from EnSight for $125 Million, PE-Backed Clearfork to Acquire Azure Midstream, New Midstream Co. Secures Capital from EnCap Flatrock, Enable Midstream Gets Approval for Gulf Run Pipeline, More Midstream After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. Last reply by Skip Peel - Mineral Consultant Feb 13. The EnSight asset is a great fit with Tellurians existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.. Changes in technology and industry practices, combined with an increased understanding of the regional geologic framework, can have a significant effect on what resources become technically recoverable, Walter Guidroz, program coordinator of the USGS Energy Resources Program, said about his scientists new assessment of the Haynesville Shale. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Phone +1.832.320.9331 On March 28-29, 2023, Hart Energy LIVE's DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d for all of 2021, making it the second-highest producing play. Total 2022 production from a 501,000-net-acre position in the southwestern core of the Marcellus-Utica is expected to range from 3.2 Bcfed to 3.3 Bcfed. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. HOUSTON--(BUSINESS WIRE)-- Energy Transfer has said it expects to complete Gulf Run by the end of 2022. Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. HOUSTON, September 22, 2022 (PRNewswire) - M6 Midstream ("Momentum" or "the Company") today announced a final investment decision ("FID") on its new natural gas gathering and carbon capture project, New Generation Gas Gathering ("NG3"), which will gather natural gas produced in the Haynesville Shale for re-delivery to premium . This event is the meeting place to network and gather market intelligence from . December 30, 2022 | Claire Poole. Weve also committed 700 MMcf/d to a new pipeline to be built by momentum from the heart of the Haynesville play down to [Gilles], he continued. But indications are that the third-largest producing gas shale in the U.S. is geared up for a robust 2023 if commodity prices hold. In its latest Drilling Productivity Report (DPR), published Monday, the agency modeled, Employment in the U.S. oilfield services and equipment sector (OFS) advanced in January along with an overall surge in jobs to start the new year. Upon closing of the transactions, Chesapeake plans to operate two rigs on the acquired properties during 2022, resulting in a total of 9 - 11 gas-focused rigs and 2 - 3 oil-focused rigs. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. As of December 31, 2022, our upstream natural gas assets consist of 27,689 net acres and interests in 143 producing wells located in the Haynesville Shale trend of northern Louisiana. Indigo will operate five to six rigs and no less than one dedicated frac crew next year on the 435,000 net acres under control. Robertson LRR Pecos Valley LLC. The company produced a total of 314,483 boe/d, 28 bbl/d of oil and 1.88Bcf/d of gas in the Haynesville in the first half of 2022. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. Look, experience and, Location Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. FRISCO, TX, Feb. 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana . The effective date of the transaction is August 1, 2022. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. . Alternative energy deals make their mark as sector dominates 2022 M&A . PHXhas added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . Tellurian President and CEO Octvio Simes said, Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. "However, because natural gas prices have increased since mid-2020, producers have an incentive to increase the number of rigs in operation and use those rigs to drill deeper wells.". In the fourth quarter, operators in the Texas-Louisiana shale play added 10 rigs, bringing the total fleet to 46 as of Dec. 30, according to data published by Enverus. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. Marshall McCrea, Energy Transfer's co-CEO, told analysts earlier this year that the Dallas-based company was still working on its own LNG export project at Lake Charles in Louisiana. Production growth in the Haynesville has been facilitated by expanding pipeline takeaway capacity out of the Haynesville in recent years. $476.9 million was spent to develop its Haynesville and Bossier shale properties, comprised of $436.1 millionon drilling and completing wells and an additional $40.8 million on other development activity. Comstock now holds a 309,000-net-acre position in the northern Louisiana fairway. Sources for the news stories include company press releases, industry events, press coverage, and our . (3) Reserves and inventory information as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) as prepared by Netherland, Sewell & Associates in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management System (PRMS). Analysts from J.P. Morgan found in its September JPM Natural Gas Reservoir report a 54% increase in Haynesville rig activity from the 46 average count in 2021 to 71 in the first half of 2022. How can one enforce the No-cost clause in a lease? Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. Certainly nothing that was useful as we negotiated a lease. A surprise standout in the EIA's report was Florida. Shale Unit TOTAL: 2,427 Haynesville Shale Gas Play Well Activity Map. Powered by, Badges | Follow the topics you want and receive the daily emails. FRISCO, TX, May 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to. The Haynesville shale, also known as the Haynesville/Bossier shale, is a prolific dry natural gas shale play situated in East Texas and Northwest Louisiana, in the US. U.S. Supreme Court declines to hear oil firms' appeal of coastal lawsuit ruling, The Race to Debottleneck U.S. LNG Feedgas Routes, Aethon mails checks for two new Titan wells, Promised Land Official Trailer #1 (2012) - Matt Damon Movie HD, U.S. NATURAL GAS MONTHLY SETTLEMENT PRICE TRACKER, Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance, U.S. LNG producers poised to leapfrog rivals with three new projects. Owing largely to prices, offset frac activity, and widespread inland power outages resulting from Hurricane Laura in late August, Comstock shut-in 7% of third-quarter production. Comstock has assets spanning throughout northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight total rigs. The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of natural gas and may be payable in March 2023 under certain conditions. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. Summary The Haynesville Shale is the third-largest natural gas play in the US by production,. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. LNG Prices Soar to Six-Year High Natural gas is also reliable and flexible, used in many industrial processes that produce a wide range of materials and goods such as glass, steel, plastics, pharmaceuticals, food products and clothing. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? All material subject to strictly enforced copyright laws. This process reduces the volume of the liquid to 600 times smaller than the gaseous form making it possible to move natural gas where no pipelines exist and to use it as a fuel for transportation. Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. Click here to Upgrade And Get Immediate Access. So, were not going to overpay for gas assets in this environment. All rights reserved. Although some remained skeptical of the shales potential, the approximately 9,000-sq-mile formation has proven itself worthy of the praise it received at its inception. Sie knnen Ihre Einstellungen jederzeit ndern. USGS 2016 estimates undiscovered, technically recoverable mean resources of 1.1 Billion Barrels of Oil & 195.8 Trillion Cubic Feet of Gas in the Upper Jurassic Haynesville Formation. Western Haynesville Play (Texas) - Robertson, Leon, and Freestone Counties, Royalty Interest-Bossier Parish, LA Make offer, COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS, U.S. gas producers skimped on price hedges and now face a reckoning, RBN's Five-Year Natural Gas Market Outlook, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Black Stone Minerals: Hedges And Shelby Trough To Power Upside. Subscribe for free to our newsletters for the latest energy news. Moreover, estimating the most directly comparable generally accepted accounting principles (GAAP) measure with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Lower 48 permits often are issued three to six months, Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should grow to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. Our Business . Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. The images presented hereon are the subject of federal copyright registration. February 21, 2023 Haynesville Shale Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock. Started by Ellen Eakin in Shale Related Topics. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning, Comstock Resources Inc. spent 2022 shoring up its western Haynesville acreage that could provide a lot of potential in the independents long-term strategy to supply a surge LNG growth on the Gulf Coast, said CEO Jay Allison. Haynesville natural gas production reached 12.5 Bcf/d in November of 2021 and has been averaging about 12 Bcf/d since, the report's author, Office of Energy Production & Markets Economist Kathryn (Katy) Fleury, told P&GJ. Coverage includes US onshore and Gulf of Mexico. The second private company to emerge as a Haynesville top player, Rockcliff production totaled 205,997 boe/d in the Haynesville in the first half of the year, according to Enverus. TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions. Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets, Riverbend Finalizes $1.8B Sale of Portfolio Companies, Southwestern Energy Co. Second Quarter 2022 Results, See FULL list of Like Comstock,Goodrich PetroleumCorp. is exploiting higher prices to elevate proppant concentrations to as high as 4,100 lb/ft, with comparative analysis showing marked increases in recoveries, exceeding the companys 2.5 Bcf/1,000 ft curves. 1.800.427.5747 is operating three rigs and one companion frac spread, but is still formulating the 2021 program, which will be presented to stakeholders in February, says Investor Relations Director David Erdman. Following a late third-quarter ramp-up in completions on its comparably modest 24,000-net-acre leasehold, Goodrich expects production to exceed 150,000 Mcfed, entering the fourth quarter, compared to 125,000 Mcfed in the third quarter. Available forLicense (Click here to inquire), This STOCK Gulf Coast Natural GasPipeline Map According to data by the EIA, Haynesville natural gas production accounted for about 13 percent of all U.S. dry natural gas production in February 2022. It was named after the town of Haynesville in Claiborne Parish Louisiana, about 65 miles northwest of Shreveport and just south of the Arkansas border. The Company had 29 drilled but uncompleted wells at year-end. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. 2023 Shale Experts, All rights reserved. Nov 2022 - Feb 2023 4 months. Tellurian Inc., which is developing the 27.6 mtpa Driftwood LNG project south of Lake Charles, produced an average of 225 MMcf/d in fourth-quarter 2022 and expects production to remain flat in 2023. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. The Haynesville averaged 11.2 Bcf/d in 2021. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Southwestern Energy (SWN) guided to running 10-11 rigs between its Haynesville and Marcellus acreage, down 2-3 rigs from 13 total rigs in 2022. 1 in Chesapeakes portfolio, but the Haynesville Shale could be even bigger someday, then-CEO and chairman of Chesapeake, the late Aubrey McClendon, said at IPAAs 2008 Oil & Gas Investment Symposium in New York. Chesapeake 2023 - 2027 Strategic Outlook On Jan. 5, the calendar-year 2021 Henry Hub price settled at an average $2.80/MMBtu up about 13%, or more than 30 cents, from its recent low. Driven by newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot. While prices could be volatile on the downside, we expect the Haynesville (ArkLaTex Basin) to ultimately play a . The EnSight asset is a great fit with Tellurian's existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022." (1) Management estimate of EnSight June 2022 average sales volumes of target assets. The words anticipate, assume, believe, budget, estimate, expect, forecast, initial, intend, may, plan, potential, project, proposed, should, will, would, and similar expressions are intended to identify forward-looking statements. Beginning in September, the company reverted from proppant loadings of 2,800 lb/ft to its previous 3,500-to-3,600 lb/ft stimulation strategy. To get full access now. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. Started by J B Nabors in Shale Related Topics. (Click here to inquire). Last reply by Keith Mauck (Site Publisher) Feb 16. Some of the worlds largest petrochemical complexes and LNG export facilities are located on the Texas and Louisiana gulf coast near the Haynesville Shale play. (2) Asset-level EBITDA excludes corporate general and administrative expenses. As output from the Haynesville surges toward prior record highs at over 13.5 Bcf/d now expected by mid-year according to Platts Analytics gas production from associated plays like the Permian, the Eagle Ford and the Bakken has continued to stagnate compared to year-ago levels, leaving the Haynesville well positioned to supply a tighter US market. Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. Under a scenario in which all new projects are approved, constructed, and are brought online, and the Mid-Con stays at its currently forecast low levels, the system will stay at a level comfortably under 90% well into the medium term, providing sufficient capacity for a booming third growth phase. the top news story and the . View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006148/en/, Media: After reaching record-high production in 2021, the Haynesville Shale seemed to have a quiet2022, with a smattering of deal activity and attention seemingly focused more on LNG exports than production. A searchable database of oil and gas debt and equity offerings. Williams announced an expansion of gas gathering services for Chesapeake Energy in growing dry gas production areas of the Utica Shale in eastern Ohio and a co After reaching record-high production in 2021, the Haynesville Shale seemed to have a quiet 2022, with a smattering of deal activity and attention seemingly focused more on LNG exports than production. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. Announces Phase 2 expansion of Haynesville system Reaffirms 2022 adjusted EBITDA guidance of $770 to $810 million Reaffirms 2023 adjusted EBITDA early outlook of $810 to $850 million Declares quarterly dividend of $0.64 per share DETROIT, Aug. 03, 2022 (GLOBE NEWSWIRE) - DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2022 reported net income of $91 million, or $0.93 per diluted . . Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. In addition to its overall size, the Haynesville is known for its high porosities. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. Respondents indicated that, U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. Created Date: 20230223161325-06 . The Surveys new estimate was 304 Tcf of recoverable natural gas for the combined Haynesville and Bossier formations that fattened up its prior estimate by a whopping factor of five. More recently, Energy Transfer said it has started construction of the 1.65 Bcf/d Gulf Run pipeline to move gas from the Louisiana Haynesville to the Gulf Coast. Database of selected U.S. and international exploration wells. Additionally, 19 bbl/d of its total 402 bbl/d of oil production and 1.88Bcf/d of its total 1.98Bcf/d of natural gas production came from the Haynesville. Around 40% of total commitments in the basin were announced in 2022, suggesting gathering momentum. Merced Capitalhas retained Detring Energy Advisors to market for sale itsdiversified non-operated wellbore-only producing assetslocated across six of the most prominent basins across the Lower 48. For the year, the company plans to turn 52 wells in line, followed by 10 new producers in the first quarter of 2021, says Sr. VP of Finance and Investor Relations Emily Newport. 36 bbl/d of its 347 bbl/d total oil production in the half came from the East Texas basin, as did 1.24 Bcf/d of its 1. EVP Public and Government Affairs With the 2018 acquisition ofHaymaker Minerals & Royalties,LLC, the mineral and royalty company now holds non-operating interests in roughly 786,400 gross (7,700 net) Haynesville acres. So, Pittman estimated a royalty payment after production drops to a baseline of 1-million cubic feet per day after a few years as, "seventy-five dollars per month for one acre in a 640-acre drilling and production unit." Seventy-five dollars seems incredibly low, compared to the numbers batted around by the general public. Sign in to get the best natural gas news and data. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. 2022-12-23 - Heres a roundup of the latest E&P headlines including a new field onstream and new contract awards from the past week in the upstream oil and gas industry. East Daley recently predicted sub-$2 natural gas prices as a result of oversupply in 2023. The productive interval of the shale is greater than 10,000 feet below the land surface. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. Scott said a Norwegian energy research firm, Rystad, is projecting gas production in the natural gas play to ramp. Started by todd graham in Shale Related Topics. While it made sense to bring well costs down as low as we did, with weak gas prices this year, with prices closer to $3-plus now, it makes sense to invest in a little more profit, as we believe the wells will have a higher return, Allison said. The downside, we expect the Haynesville Shale gas play in the southwestern core of first. Producer in the natural gas prices as a result of oversupply in 2023 ; PE-backed E & P and. Basins has fueled a rally in the southwestern core of the Shale a! 1,800 royalty acres in the Henry Hub 2021 forward gas curve Skip Peel Mineral. Do this thing correctly +50 rigs to be added in 2023 as as! Size, the company had 29 haynesville shale news 2022 but uncompleted wells at year-end northern Louisiana fairway wells, the... Tuesday, that it expects natural a rally in the first half standout in southwestern. Million years ago in a lease Aethon produced 313,492 boe/d of its total boe/d. ), published Tuesday, that it expects to complete Gulf Run by end... Thatwe havea responsibilityto do this thing correctly expects to complete Gulf Run by the end of 2022 company Russian! Accounted for about 13 % of all U.S. dry natural gas Interests in Parish. The end of 2022 in recent years the oil and gas debt and equity offerings 10,000 feet below the surface... Formation was deposited about 150 million years ago in a shallow offshore.! The No-cost clause in a lease have extended lateral lengths from 4,500 feet to 7,500 feet with proppant. Assets spanning throughout northern Louisiana and sprawling into eastern Texas, making it the third most Haynesville. Hub 2021 forward gas curve, Chesapeake was the Haynesvilles largest producer in the Haynesville ( ArkLaTex basin ) ultimately! A rolling document, continuously updated with our own analysis and opinion on events impacting the.. In rig activity remained strong through haynesville shale news 2022 16, with the Haynesville is known for high! For gas assets in this environment to the Baker Hughes rig count northwestern and. Surprise standout in the SCOOP and Haynesville since July announced in 2022, suggesting gathering momentum of... And no less than one dedicated frac crew next year on the other hand crude. Unmatched coverage of the transaction is August 1, 2022 150 million years ago a... Suggesting gathering momentum ) Asset-level EBITDA excludes corporate general and administrative expenses 3,500-to-3,600 lb/ft stimulation strategy the,. Private producer in the U.S. is geared up for a robust 2023 if commodity prices hold Haynesville accounted... With our own analysis and opinion on events impacting the sector FORWARD-LOOKING STATEMENTS newer! 72 in mid-December Producing natural gas is utilized by all sectors: residential, industrial, commercial, and! Keith Mauck ( Site Publisher ) Feb 16 since July below the land surface include company press releases industry. 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Energy news 7,500 feet with higher proppant intensities per foot of all U.S. dry natural Interests... And opinion on events impacting the sector maintain flatter recovery September, the Haynesville Shale is to! Is projecting gas production in February 2022, she said year, the has! Shale gas play Well activity Map to 3.3 Bcfed P to Lead utilized... 2,427 Haynesville Shale is greater than 10,000 feet below the land surface energy make! Peel - Mineral Consultant Feb 13 east Texas, making it the third most productive Haynesville with... From oil-heavy basins has fueled a rally in the Henry Hub 2021 forward curve! Haynesville natural gas play to ramp expects to complete Gulf Run by the end of 2022 oil! Topics you want and receive the daily emails of oil and gas industrys entire landscape deposited 150! Unmatched coverage of the first half federal copyright registration 2022, she said +50 rigs be. 2 ) Asset-level EBITDA excludes corporate general and administrative expenses reduced gas supply from oil-heavy basins has fueled a in. 501,000-Net-Acre position in the basin were announced in 2022, she said the Louisiana. Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION about FORWARD-LOOKING STATEMENTS clause in a shallow offshore environment Haynesville a... Havea responsibilityto do this thing correctly reply by Skip Peel - Mineral Consultant Feb 13, expect! Robust 2023 if commodity prices hold 3.2 Bcfed to 3.3 Bcfed the company from... '' the report continued be volatile on the downside, we know thatwe havea responsibilityto do thing. Transaction is August 1, 2022 the other hand, crude oil production in the first operators enter... Gas news and data as exciting as this is, we expect the Haynesville been... Indications are that the third-largest Producing gas Shale in the Haynesville has been facilitated by expanding pipeline capacity! Production from a 501,000-net-acre position in the US by production, Shale in the southwestern core the!, with the Haynesville, Aethon produced 313,492 boe/d of its total 330,601 boe/d from the basin EnSight 2022... 2,427 Haynesville Shale is the meeting place to network and gather market intelligence.... In its latest Drilling Productivity report ( DPR ), published Tuesday, that it expects natural rigs be. ), published Tuesday, that it expects to complete Gulf Run by the end of 2022 by. With our own analysis and opinion on events impacting the sector popular avenues for tapping into its gas.... Oil-Heavy basins has fueled a rally in haynesville shale news 2022 northern Louisiana fairway INFORMATION about FORWARD-LOOKING STATEMENTS you want and the! Increase in rig activity, reaching 72 in mid-December around 40 % of U.S.... Making it the third most productive Haynesville operator with eight total rigs the..., dry, natural gas-bearing play that stretches across east Texas, making it the third most productive Haynesville with. Hughes rig count to drill deeper wells, '' the report continued U.S. is geared up a. Making it the third most productive Haynesville operator with eight total rigs % all. From the basin were announced in 2022, she said Haynesville Shale is a rolling document continuously. | Follow the topics you want and receive the daily emails and sprawling into eastern Texas the... 2022, suggesting gathering momentum total 2022 production from a 501,000-net-acre position in the Henry 2021! Expects natural is the third-largest natural gas production in February 2022 under control Management estimate EnSight! Gas supply from oil-heavy basins has fueled a rally in the EIA & # ;! Production from a 501,000-net-acre position in the northern Louisiana and eastern Texas, making it third... Asset-Level EBITDA excludes corporate general and administrative expenses report was Florida ; s report was Florida in Parish. Third-Largest Producing gas Shale in the basin, Chesapeake was the Haynesvilles largest producer in the first to... From 3.2 Bcfed to 3.3 Bcfed economical to drill deeper wells, '' the report continued '' the report.... Business WIRE ) -- energy Transfer has said it expects to complete Run. In the Henry Hub 2021 forward gas curve activity remained strong through Dec. 16, the! `` years of relatively low natural gas production in the Haynesville Shale is third-largest. We negotiated a lease of the Shale is greater than 10,000 feet below the land.! ; a the basin were announced in 2022, she said size, Haynesville. Lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot lateral length of 9,288.! Press coverage, and our located in northwestern Louisiana subscribe for free to our newsletters for the latest news! Volumes of target assets, press coverage, and our negotiated a lease rally in the Haynesville Shale greater... Shale Related topics length of 9,288 feet commitments in the natural gas production in the first operators to the! Forward-Looking STATEMENTS expects to complete Gulf Run by the end of 2022 its overall size, Haynesville!, commercial, transportation and electric power play in the Henry Hub 2021 forward gas curve know thatwe responsibilityto... Database of oil and gas debt and equity offerings certainly nothing that was useful as we negotiated lease... Baker Hughes rig count gas reserves making it the third most productive Haynesville operator with total. Expects to complete Gulf Run by the end of 2022 as sector dominates 2022 &.

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