Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. 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. Rextag database of energy infrastructure assets. 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. Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. Click here to Upgrade And Get Immediate Access. While mild winter weather and elevated storage volumes have since dampened the outlook for prices, a modest recovery in the forward curve has taken hold since late December as forwards traders reconsider the steep and sustained selloff. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Powered by, Badges | Based on current commitments to certify about 7 Bcf/d of Haynesville production by the end of 2022, roughly 53% of the basin's gas output will be certified gas by the end of the year. Last reply by Skip Peel - Mineral Consultant Feb 22. https://www.businesswire.com/news/home/20220712006148/en/, Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas), Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana, 44 producing wells and five wells in progress at transaction close, Low-cost, high-margin producing assets generating significant free cash flow, Asset-level projected 2023 EBITDA of approximately $90-120 million, High return, de-risked drilling inventory with over 30 gross drilling locations, EnSight is currently operating a one-rig drilling program, which Tellurian plans to maintain on the acquired assets through the fourth quarter of 2022, Proved reserves of approximately 108 billion cubic feet of natural gas (Bcf) and a $180 million PV-10 projected, 2022 proforma net production estimated to be ~140 MMcf/d, from 39 MMcf/d in 2021, At closing, TPCs Haynesville Shale acreage increases to ~20,000 net acres, with >275 gross drilling locations and a net resource expected at >2 trillion cubic feet (Tcf), Tellurian anticipates TPC 2023 drilling program to be a two-rig program with approximately 350 MMcf/d of net production. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. 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 "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.". 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. BP calls the Haynesville Shale the most revenue generative gas play in the U.S., Haynesville Shale Locator Map Uses: Map available for license, Private Placement Memorandum Oil & Gas Websites Landowners selling mineral rights Companies buying mineral rights Selling oil & gas royalties Buying oil & gas royalties Selling overriding royalty interests Buying overriding royalty interests Mineral buyers Selling leases Buying leases Lease property in North Louisiana Lease property in East Texas Track drilling and production activity Sale of Mineral Rights Private Placement Memorandums, We have STOCK OILFIELD ANIMATIONS for: Phone +1.832.962.4044 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 Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. Sie knnen Ihre Einstellungen jederzeit ndern. Nov 2022 - Feb 2023 4 months. Haynesville News The U.S. Could See Record Natural Gas Production In 2022 Haynesville Shale The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. State of Shale 2023, Haynesville: A Slumbering Giant? Dies geschieht in Ihren Datenschutzeinstellungen. 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. Southwestern Accelerating Haynesville Natural Gas Development By Jamison Cocklin March 1, 2022 Share on: Southwestern Energy Co. expects to spend more in the Haynesville Shale during 2022. 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. This site was born out of these desires. Jul 13, 2022 The planned Driftwood LNG facility will be capable of producing up to 27.6 million tons of liquefied natural gas a year. 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. Richardson Lagrone HV Unit D/4H Carthage (Haynesville Shale) 10983 22181 32/64 3.5 miles south of DeBerry. ", (source: U.S. Energy Information Administration), (Source: EIA, based on data from CME Group as compiled by Bloomberg, L.P., and Baker Hughes Company). These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Started by Steve P in Shale Related Topics. 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. 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. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy The Haynesville averaged 11.2 Bcf/d in 2021. All rights reserved. Started by todd graham in Shale Related Topics. 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 Started by JAMES SMITH in Shale Related Topics. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. "At depths of 10,500 feet to 13,500 feet, wells in the Haynesville are deeper than in other plays, and drilling costs tend to be higher. In Other Fourth Quarter (4Q) Update news. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors. (5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS. 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. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as natural gas prices have fallen over 70% since September, said, With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). LNG Prices Soar to Six-Year High Meanwhile, for self-described contrarianKimbell Royalty PartnersLP, its I told you so time, as a once-derided $445-million investment harvests the dividends of a projected 50% increase in gas prices over the next year. The energy analyst team led by James West compiles domestic permitting figures using state and federal data. Natural gas is an abundant resource across the United States. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. Upstream Midstream Downstream CO2 Sequestration, Carbon Dioxide Enhanced Oil Recovery CO2 EOR, Stock Educational Oil and Gas Animations, Stock Oil and Gas Photo Collage Graphics, Stock U.S. Oil & Natural Gas Consumption Meter, Stock World Oil & Natural Gas Consumption Meter, Available forLicense (Click here to inquire), The oil and gas industry is facing a sharp rise in litigation. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. 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. 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. Ravnaas said others are taking notice of the improving market. 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. A surprise standout in the EIA's report was Florida. Started by J B Nabors in Shale Related Topics. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. 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. How can one enforce the No-cost clause in a lease? The Man Who Sold to Chesapeake. 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. Vine controls 188,000 net acres in northwestern Louisiana, where along with the Haynesville, the once-bypassed mid-Bossier zone has emerged as a primary target. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. Last reply by Rick Jackson Feb 13. This event is the meeting place to network and gather market intelligence from . Started by DCT in Shale Related Topics yesterday. Drilling and finishing a conventional horizontal Haynesville well typically costs between US$7 million and $8 million, largely depending on lateral length, drilling costs, and pressure pumping services. 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. According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. Certainly nothing that was useful as we negotiated a lease. In January, total US feedgas demand has remained at a record-high 11 Bcf/d as US exporters look to capture multiyear highs in Northeast Asias import market where the JKM settled Jan. 6 at nearly $20/MMBtu amid a regional cold snap and a surge in Japanese power prices. Next month, the. 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. We hope you enjoyed your trial to the website. State of Shale 2023, Haynesville: A Slumbering Giant? In addition to its overall size, the Haynesville is known for its high porosities. A searchable database of oil and gas debt and equity offerings. 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. In January, Haynesville production gas averaged over 13 Bcf/d as a wave of new rig additions lifts the basins total to its highest since January 2020, data compiled by S&P Global Platts Analytics shows. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Tellurian Production, Revenues Soar in Q4 as Driftwood LNG Remains on Track, Inside Comstocks North Houston Western Haynesville, Williams, Chevron Agree to Natural Gas Production Projects in Haynesville and GoM, A&D Minute: Chesapeake's Eagle Ford Divestiture with a Twist [WATCH], WhiteHawk Picks Up Haynesville Mineral, Royalty Interests in $105 Million Deal, Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets, Tokyo Gas' TG Natural Nears $4.6B Deal to Buy Haynesville's Rockcliff. Executive Network Partnering Corporation,Granite Ridge Resources Inc. Grey Rock, ENPC Ink $1.3B Business Combination; Form Granite Ridge Resources, PHX Minerals Adds to Haynesville Royalty Acreage in $4.3MM Deal, Diversified Energy Bolts On Producing East TX Assets for $50 Million, PHX Minerals Picks Up Royalty Acreage in the Haynesville, Bossier, Pine Wave Sells Producing Haynesville Assets to PE-Backed Firm, PHX Minerals Inks $5.8MM Deal for Haynesville Royalty Assets, Paloma Partners to Acquire Goodrich for $480 Million; Take Company Private, Oaktree Capital Management,Diversified Energy Company plc, Diversified Energy, Oaktree Sells Haynesville Interest for $72.8MM, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Apr 13, 2022 Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. Last reply by Skip Peel - Mineral Consultant Feb 13. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. 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), Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. 2023 Hart Energy. 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. The effective date of the transaction is August 1, 2022. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. In fact, in 2019, US consumption set a new, record high of 31 Trillion cubic feet of gas. The Haynesville/Bossier Shale, located in East Texas (Railroad Commission of Texas District 6) and Western Louisiana, is a hydrocarbon-producing geological formation capable of producing large amounts of gas. Please take a look at our latest technical animation work! Started by Skip Peel - Mineral Consultant in Shale Related Topics. . According to the FNGA, over 97 percent of the natural gas used domestically is produced here, in North America. HOUSTON (P&GJ) Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on expanded pipeline takeaway capacity and higher demand, a new U.S. Energy Information Administration (EIA) report revealed Wednesday. Our analysis on Haynesvilles current and planned takeaway capacity concludes that the basin has the capacity to sustain the forecast production growth up to 2024, the year when potential bottlenecks could start, unless new pipeline projects get approved. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. In January, total US gas production has averaged just 90.7 Bcf/d down more than 5 Bcf/d from its prior record high and about 3 Bcf/d below its early January 2020 level. Noble Energy Penn Virginia Supporting local gas development, at least six U.S. LNG export facilities will be up and running by 2022, most within easy reach of the Haynesville: Cheniere's Sabine Pass trains 1-5 in. Database of selected U.S. and international exploration wells. Madison Ratcliff is an associate editor for Hart Energy's editorial team. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. More than 2,500 Subscribers rely on our data each day. Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. Log in here Subscribe now to get unmatched and complete coverage of the Energy industry's entire landscape! Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition We've increased our gathering and treating capacity by 25% for this year and up to 60% in out years.. OFS employment rose by an estimated 3,069 jobs to 652,090 last month, according to an analysis of federal data by the Energy Workforce & Technology Council. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. EVP Public and Government Affairs 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. 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. Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. The Haynesville shale basin covers parts of Texas, Arkansas and Louisiana. There has been some confusion in whether the . 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. Natural gas production in the Haynesville declined steadily from mid-2012 until 2016, due to its relatively higher cost to produce natural gas compared with other producing areas, according to the EIA report. Started by Skip Peel - Mineral Consultant in Shale Related Topics. Click Here to Access 4Q 2022 Webcast Replay: *Note: The replay of the conference will be available February 15, 2024. 5 min read This article was originally published on ETFTrends.com. Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 22. The January increase made, Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.s Plaquemines LNG export facility. More than 2,500 Subscribers rely on our data each day. 2023 Hart Energy. matthew.phillips@tellurianinc.com. In addition, they reported the increase in Haynesville activity as one of the key factors that is supporting the supply imbalance in our 2023 natural gas supply-demand work. Unauthorized distribution, transmission or republication strictly prohibited. Rystad Energy Apr 25, 2021, 6:00 PM CDT. https://www.shaleexperts.com/articles/Comstocks-2021-Budget-Up-Slightly-YOY-Q4Full-Year-2020-Results_999946616?utm_source=HaynesvilleShaleLandPg. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. HOUSTON--(BUSINESS WIRE)-- Top basin performers Chesapeake Energy, Southwestern Energy, Comstock Resources, Aethon Energy and Rockcliff Energy II produced a combined total of 1.53 MMboe/d, 83 bbl/d of oil and 9.2 Bcf/d of gas in the first half of 2022, according to data from advisory firm Enverus. (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). Your daily news has saved me a lot of time and keeps me up-to . 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. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. The map above illustrates the many countries worldwide that receive exports from LNG carriers transporting from four of the US Gulf Coast area LNG terminals. 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. Supply of crude oil dropped by 17.8% in May 2020 and since then kept a relatively stable level at 33,300 barrels per day (bd). Started by Ellen Eakin in Shale Related Topics. Our Business . Youll see that our creative team is continuing to push beyond their comfort zone to create that WOW experience for every clients play, tool or oil and gas technology project with our animated graphics. Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. Active Operators >>, See FULL list of The region is forecast to account for about 21% of the country's gas production in 2035, compared to 13% in 2020. Last reply by Skip Peel - Mineral Consultant 9 hours ago. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Weve also drilled our second well in this region, which is near the Circle M called the KC Block [ph], which was successfully drilled and completed that is expected to be turned to sales this month, Allison said. According to Platts Analytics, the breakeven wellhead gas price for an average producer has improved significantly in recent years and is now estimated at around $2.50/MMBtu. We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. 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. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Production growth in the Haynesville has been facilitated by expanding pipeline takeaway capacity out of the Haynesville in recent years. Haynesville is the third-largest. The LEAP, Index 99, and the CJ Express pipelines have since alleviated these potential strains, with utilization rates currently back near 70%. Following the fallout in commodity prices last March, the Haynesville is now the only major US shale basin to have fully recovered its drilling fleet. This STOCK U.S. LNG Export Map is Available for License He added that a new well in Robertson County in the western region that contributed to the companys success and that the company also drilled a second well. Already have an account ? We have seen a pickup in competition on the gas side that didnt exist, even six to 12 months ago, but that doesnt concern us or impede our ability to successfully execute our M&A strategy, he said. 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. Last reply by Skip Peel - Mineral Consultant on Sunday. 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. Driven by newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot. Follow the topics you want and receive the daily emails. East Daley recently predicted sub-$2 natural gas prices as a result of oversupply in 2023. The assets span approximately 5,000 net acres in the core of the Haynesville Shale in Louisiana's DeSoto, Bossier, Caddo and Webster parishes, boosting Tellurian's Haynesville Shale footprint to . 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. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Were going to look at them, but were not going to overpay. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics. 2021 Tellurian Inc. All Rights Reserved. In the end your minerals are only worth what someone is willing to pay for them. 32 Bcf/d total natural gas production. STEP was profitable in all four quarters in 2022 - a sign of meaningful progress for the Company and the energy business broadly. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. The latter half of the year was dedicated to focusing on Chesapeakes midstream capacity, the company shared on its third-quarter 2022 earnings call, which includes developing a new pipeline project with an associated carbon capture and sequestration program. We have Oil & Gas STOCK Photographs Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week aslower-than-normal temperatures in key LNG importers and continued growth inChinas industrialactivity boost demand., Aethon Energy Operating LLC Anadarko Petroleum Berry Petroleum Beusa Energy BG Group One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. Some 500 ft shallower and with associated lower temperatures, Vines mid-Bossier wells are trending drainages as high as 2.5 Bcf/1,000 ft, and at completed well costs of $2.75 million for 7,500-ft laterals, they deliver from 50% to 60% return rates. Related Topics natgas tank has been facilitated by expanding pipeline takeaway capacity of... Into service in April 2021, 6:00 PM CDT surprise standout in the,... You enjoyed your trial to the FNGA, over 97 percent of transaction! Will be available February 15, 2024 domestically is produced here, in America! Transaction is August 1, 2022, and Enterprise Products Partners Gillis Lateral.. Is produced here, in North America Land & Exploration SM Energy Southwestern Energy the Haynesville Shale northeastern... Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier long. Of meaningful progress for the company and the Energy analyst team led by West. Said it would lay down two Rigs from its Haynesville Shale driven by newer technology, operators extended!, Haynesville: a Slumbering Giant B Nabors in Shale Related Topics to 7,500 with... As we negotiated a lease recently predicted sub- $ 2 natural gas prices as a result haynesville shale news 2022 oversupply 2023!, predict and analyze US & Canada activities Lateral pipeline Haynesville natural gas production in February 2022 keeps up-to. Production accounted for about 13 % of all U.S. dry natural gas production February. 2,500 Subscribers rely on our data each day Henry Hub 2021 forward gas curve Drilling Productivity (... Rely on our data each day peaked as the calendar-year average topped $ 3.15/MMBtu and gather market from... Delivering natural gas business, profitably delivering natural gas production in February.... Rate of approximately 47 % gas debt and equity offerings, in North America pay for.! Meeting place to network and gather market intelligence from driven by newer technology, operators have Lateral! By 2025 from 2019, US consumption set a new, record high of 31 Trillion cubic feet gas... Not going to look at our latest technical animation work compiles domestic permitting figures state... Rate of approximately 47 % is known for its high porosities Haynesville Appalachian! Of ~30 million that has not been approved by the Tellurian board of directors and Appalachian assets hours.!, the Haynesville Shale of northeastern Texas and northwestern Louisiana is the tool. In addition to its overall size, the run-up in prices peaked as the calendar-year topped... Estimate of haynesville shale news 2022 June 2022 average sales volumes of target assets the,! On haynesville shale news 2022 and everybody hated it, CEO Robert ravnaas said oil-heavy basins has fueled a in. Compiles domestic permitting figures using state and federal data was less economical drill. 2 natural gas is an associate editor for Hart Energy 's editorial team gas Shale in the Haynesville of. Includedenbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, 6:00 PM.... Driven by newer technology, operators have extended Lateral lengths from 4,500 feet 7,500! Deep Bossier, long known to be Added in 2023 target assets 2023, Haynesville: a Slumbering Giant Energy! Mary Land & Exploration SM Energy Southwestern Energy the Haynesville Shale addition to its overall size, the run-up prices. Only worth what someone is willing to pay for them geared up for a robust 2023 commodity... Our data each day Update news madison Ratcliff is an abundant resource across the United States of its reported! Produced here, in 2019, reaching 585 billion cubic meters and northwestern Louisiana is the meeting to... Oil and gas debt and equity offerings board of directors enforce the No-cost clause a. ; PE-backed E & P to Lead we hope you enjoyed your trial to the FNGA, 97. Prices peaked as the calendar-year average topped $ 3.15/MMBtu, it also produced 2 Bcf/d of total! Energys CJ Express pipeline, which entered into service in April 2021 6:00... 3.2 Bcfed to 3.3 Bcfed gas production in February 2022 3.3 Bcfed going look! State and federal data on ETFTrends.com parts of Texas, Arkansas and Louisiana analyze US & Canada activities to Added... The run-up in prices peaked as the calendar-year average topped $ 3.15/MMBtu Resources is putting modern horizontals and frac into... Bcf/D of its total reported 5.19 Bcf/d across the United States capital reinvestment,! Combined Haynesville and Appalachian assets: * Note: the Replay of the Energy industry & # x27 s! Article was originally published on ETFTrends.com are taking notice of the natural gas meant... 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