haynesville shale news 2022

EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. 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. The productive interval of the shale is greater than 10,000 feet below the land surface. Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions 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. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. 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A searchable database of oil and gas debt and equity offerings. Rextag database of energy infrastructure assets. Ravnaas said others are taking notice of the improving market. 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. 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. 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. This site was born out of these desires. The region is forecast to account for about 21% of the countrys gas production in 2035, compared to 13% in 2020. To get full access now. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. 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. 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 Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. 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 Rystad Energy Apr 25, 2021, 6:00 PM CDT. Shale Unit TOTAL: 2,427 Haynesville Shale Gas Play Well Activity Map. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby. 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. With March-delivered cargoes priced at over $10 and April around $7, US exports could be expected to continue at or near full throttle through the first quarter. 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. 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. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. Database of selected U.S. and international exploration wells. For more information, please visit www.tellurianinc.com. Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? 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. info@naturalgasintel.com 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. . 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. According to a forecast from Platts Analytics, export demand should remain near 11 Bcf/d through March before retreating below 10 Bcf/d from April to October as global demand wanes in the spring and summer. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. 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. All material subject to strictly enforced copyright laws. Need to explain enhanced oil recovery, stacked pay or oil investments in unconventional oil? 39 min read After the devastating effects of the COVID19 pandemic on the energy market, the oil and gas industry did what it could to reboundand with a fair amount. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. Powered by, Badges | 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 Company had 29 drilled but uncompleted wells at year-end. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. According to Platts Analytics, the ongoing midstream buildout from the Haynesville is helping to debottleneck producer access to the Gulf Coast export market, making it strategically placed to supply exporters. 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. The Houston company behind the massive project has agreed to. Coverage includes US onshore and Gulf of Mexico. Stay in touch with our Daily Email Newsletter. 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. Please take a look at our latest technical animation work! Drilling a well in the Haynesville Shale takes 30 to 45 days and costs about $7 million to $8 million, not including the purchase of leasing rights for the land. 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, Future and current Drilling Plans in , as of 03-02-2023, Intent To Drill/Drilling Permits for , as of 03-02-2023, 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. Haynesville Shale Overview 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. 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. (4) Management estimate based on current production levels and anticipated development activities. Dies geschieht in Ihren Datenschutzeinstellungen. Comstock drilled 55 (46.1 net) operated horizontal Haynesville shale wells during the year ended December31, 2020, which had an average lateral length of 9,247 feet. That figure suggests excess takeaway capacity out of the Haynesville is at or below 900,000 Mcf/d, or about 7% of total capacity. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), U.S. Drillers Cut the Most Oil and Gas Rigs in a Month Since June 2020: Baker Hughes, Industry Short on Data about Fully Treated Produced Water, Neptune Energys Rmerberg 6 Well Begins Production, Partial Outage Continues at Norway's Sverdrup Oilfield. 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. Information on assets, buyers and sellers, deal values, and more. It is one of the most revenue-generating shale plays in the U.S. 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. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Follow the topics you want and receive the daily emails. We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. It remains poised to see a production growth of 5 Bcfd or . Encased by the Cotton Valley Group (sandstone) above and the Smackover Formation (limestone) below, true vertical depths range between 10,000 to 14,000 feet. The LEAP, Index 99, and the CJ Express pipelines have since alleviated these potential strains, with utilization rates currently back near 70%. JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and. 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. Last reply by Skip Peel - Mineral Consultant Feb 22. Since its last operational update, Comstock completed an additional 20 (17.7 net) Haynesville shale wells. 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. In the Haynesville, weve made significant strides with midstream capacity, CEO Nick DellOsso said on the earnings call. How can one enforce the No-cost clause in a lease? Vice President, Investor Relations Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. Report ( DPR ), published Tuesday, that it expects natural information on assets, buyers and,. 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