Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. 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 . Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad. 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. Powered by, Badges | The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. Like the short (4,600-ft) laterals, our more recent operated 7,500-ft wells are outperforming materially to a composite estimate of approximately 2.8 Bcf/1,000 ft, due to higher proppant concentration and tighter cluster and frac interval spacing, President Rob Turnham said on Nov.8. Rystad Energy Apr 25, 2021, 6:00 PM CDT. Discussing the Austin Chalk, Haynesville Shale, Terryville Complex, Tuscaloosa Shale & Lower Smackover Brown Dense plays. is Available for License(Click here to inquire), Bienville Bossier Caddo Claiborne Desoto Jackson Lincoln During the companys third-quarter 2022 earnings call, chairman and CEO Jay Allison shared that Comstock had highest quarterly results ever achieved in its history thanks to the increased sale of shale natural gas. 2023 Created by Keith Mauck (Site Publisher). The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. 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. We like to be contrarian. 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 remained relatively strong in early 2022. 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. 5 min read This article was originally published on ETFTrends.com. Long known to contain natural gas, the Haynesville was originally considered to be a source rock and not a gas bearing reservoir because of its tight-rock system and lower permeability. Summary The Haynesville Shale is the third-largest natural gas play in the US by production,. 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. 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. Oil & Gas 360 c/o EnerCom, Inc. 410 17th Street Suite 250 Denver, CO 80202 360support@enercominc.com 303-296-8834 E-mail for Advertising Information or call 303-296-8834 x 243 Started by J B Nabors in Shale Related Topics. Both natural gas and crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25. The region is forecast to account for about 21% of the countrys gas production in 2035, compared to 13% in 2020. During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. US tight oil production was flat m-o-m in June, at 7.3 million b/d (after upcoming revisions). 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. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics. Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. 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. All rights reserved. Also in this week's A&D Minute: Permian Resources' purchases and sales add up to nearly $300 million, plus see what private equity experts are sayingabout A&D this year. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . Last reply by Skip Peel - Mineral Consultant on Sunday. Prices for top E&P stocks and commodities. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Chesapeake 2023 - 2027 Strategic Outlook The following press release should be read in conjunction with the management's discussion and analysis ("MD&A . Panola Rockcliff Energy Operating LLC. 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. TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions. 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. 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. 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 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. With new effects and cutting-edge, 3D modeling software, we can go beyond the norm and create that one of a kind technical animation, illustration, or oil and gas graphic animation youre looking for! As of December 2020, the number of working rigs is up 25% in the Haynesville since July 2019. Energy Transfer has said it expects to complete Gulf Run by the end of 2022. Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. The Haynesville averaged 11.2 Bcf/d in 2021. (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. This STOCK U.S. LNG Export Map is Available for License Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. Historical Data View and export this data back to 2007. 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 remained relatively strong in early 2022. "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. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. Last reply by Skip Peel - Mineral Consultant Feb 22. Recent gas pipeline scrapes are running ahead of expectations, reaching record highs of ~99.3 Bcf/d in September, with MTD gas production estimated at 98.7 Bcf/d, which compares to the August average of 97.7 Bcf/d and the September 2021 average of 92.7 Bcf/d, the analysts stated. 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. Shale Unit TOTAL: 2,427 Haynesville Shale Gas Play Well Activity Map. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Natural gas is an abundant resource across the United States. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC Report an Issue | 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. 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. 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. Shale thickness ranges from 200 to 350 feet at producing depths of 10-14,000ft+. A surprise standout in the EIA's report was Florida. 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. https://www.worldoil.com/magazine/2020/december-2020/features/shaletech-haynesville-bossier-shales, Source: U.S. Energy Information Administration (EIA), NATURAL GAS 06 Jan 2021 | 22:34 UTC New York, Amid bullish outlook, Haynesville gas producers gear up for record output in 2021, Production averaging over 13 Bcf/d in January, Rig count hits 12-month high at 46 on Dec. 30, Tighter supply, record exports bullish for Haynesville. 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. 1.800.427.5747 It has gained momentum mostly due to the growing demand for natural gas to feed expanding LNG liquefaction and export facilities along the Louisiana and Texas Gulf coasts. Already have an account ? 2023 Shale Experts, All rights reserved. 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. Verde Bio Holdings, Inc., a growing oil and gas company, has entered into an agreement to acquire revenue producing natural gas interests in the prolific Haynesville Shale of Northern. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. Upgrade now. 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. Our analysis visualizes several different scenarios that the system may face over the coming years. 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. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. 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. Coverage includes US onshore and Gulf of Mexico. Phone +1.832.962.4044 Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola We are very excited to see the forecasted improvement in natural gas prices, both in the fourth quarter of 2020 and full-year 2021, based on the futures curve.. 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. Started by Ellen Eakin in Shale Related Topics. In Other Fourth Quarter (4Q) Update news. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. According to GlobalData, natural gas production in the Haynesville shale is projected to grow at CAGR of 3% during 2021-25. Started by Rebecca Lane in Shale Related Topics. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. 1723 Analog Dr. 2023-02-10 - Data on treated produced water can help the industry find more uses for the water that comes out of the reservoir during production. 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. Comstocks completed well costs are averaging less than $1,000/lateral ft but will likely increase as better prices justify longer laterals and greater completion intensity. Since its last operational update, Comstock completed an additional 20 (17.7 net) Haynesville shale wells. 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. A searchable database of oil and gas debt and equity offerings. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. 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. "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.". 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. 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. Not receiving royalties. 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. 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. 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. Nov 2022 - Feb 2023 4 months. Dec 18, 2020, 10:00 AM CST 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. 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 . . 32 Bcf/d total natural gas production. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Created Date: 20230223161325-06 . 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. Last reply by Skip Peel - Mineral Consultant yesterday. info@naturalgasintel.com Indigo Natural ResourcesLLC is among the most active of the privately held operators, averaging four to six rigs and one to two frac spreads. By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds of trillions of cubic feet. This Event Reminder is Sponsored by: Day 1: 4:00 PM The Haynesville Now Haynesville operators join the play's co-founder, Dick Stoneburner, in a candid conversation, including with DUG Haynesville attendees, on opportunities, challenges and solutions in this 16 Bcf/d resource that alone can fill all U.S. LNG export demandand still with Bcf's to spare that are helping to satiate domestic . The average initial production rate of these wells was 24 MMcf per day and had an average completed lateral length of 9,288 feet. A key factor in Haynesvilles ability to sustain an advantage against the Appalachian region will be to maintain the relative ease with which operators can transport gas from wellheads to Gulf coast markets, compared to the bottlenecks and mid-stream project cancellations that producers in the Northeast have to grapple with. The Haynesville Shale is a prolific, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana. These 3D oil and gas graphics are from many projects we have created up to this point. The preliminary agreement with Sempra Infrastructure is designed to increase global access to low-carbon Haynesville natural gas via Williams wellhead-to-water strategy, the company said. (Click here to inquire). It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Enverus data showed that of the companys 1.23 MMboe/d produced in the half, 365,766 boe/d came from its Haynesville operations, with 2.19 Bcf/d of the 6.98 Bcf/d total produced coming from the Haynesville as well. 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. The Company is also pleased to announce that it has received multiple new drill notifications on some of its Haynesville Shale acreage by operators including Comstock Resources and Vine Energy.. Sign in to get the best natural gas news and data. 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 Oil Rig Drawing Well Logging Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license. 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. U. S. Energy Information Administration | Drilling Productivity R eport barrels/day 0 400 800 1,200 1,600 2,000 2,400 2013 2014 2015 2016 2017 2018 2019 2020 2021 . 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. The Haynesvilles close proximity to existing infrastructureincluding an extensive pipeline system, processing plants and Gulf Coast LNG export terminals makes the play an attractive operating environment with efficient cycle times from drilling to sales. Phone +1.832.320.9331 Last reply by Skip Peel - Mineral Consultant 9 hours ago. 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. We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. 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. Started by todd graham in Shale Related Topics. LNG Prices Soar to Six-Year High Started by Steve P in Shale Related Topics. 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. Stay in touch with our Daily Email Newsletter. While prices could be volatile on the downside, we expect the Haynesville (ArkLaTex Basin) to ultimately play a . 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. Certainly nothing that was useful as we negotiated a lease. Well-log interpretation of the Haynesville Shale showed that conventional resistivity-porosity-saturation models underestimate hydrocarbon saturation in zones with high concentrations of kesogen. In the Haynesville, weve made significant strides with midstream capacity, CEO Nick DellOsso said on the earnings call. 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. Richardson, TX 75081. No problem. 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. 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. . Log in here Subscribe now to get unmatched and complete coverage of the Energy industry's entire landscape! 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. Chesapeake Energy Corp. is palliating its exploration and production operations in the Marcellus and Haynesville shale plays while also aiming to make an exit from the Eagle Ford Shale in 2023 due to natural gas prices that have fallen below USD 2.00/MMBtu at a number of pricing centres across the United States. Unauthorized distribution, transmission or republication strictly prohibited. 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. FRISCO, TX - (NewMediaWire) - February 21, 2023 - 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, held by a private seller for a purchase price of . Last reply by Rebecca Lane Feb 16. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1). To get full access now. 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. Last reply by O & G Professional Feb 16. We've increased our gathering and treating capacity by 25% for this year and up to 60% in out years.. Around 40% of total commitments in the basin were announced in 2022, suggesting gathering momentum. 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. Ravnaas said others are taking notice of the improving market. The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. The. 2023-02-26 - U.S. oil rigs fell seven to 600 this week andgas rigs stayed unchanged at 151,still up 103 rigs, or 15.8%, over this time last year. And complete coverage of the calculation are subject to change 7.3 million b/d ( after upcoming )! Article was originally published on ETFTrends.com and crude oil production was flat m-o-m in June, at 7.3 million (! Ravnaas said shale Related Topics contains forward-looking statements within the meaning of U.S. federal laws. In shale Related Topics O & G Professional Feb 16 Parish, Louisiana graphics... Shale showed that conventional resistivity-porosity-saturation models underestimate hydrocarbon saturation in zones with High concentrations of kesogen GlobalData. P in shale Related Topics comparison, wells in the Haynesville shale play! To change third quarter of 2022 Enterprise Products Partners Gillis lateral pipeline playing in America. Gas and crude oil commodities are being forecasted to maintain flatter recovery closing on the EnSight assets in the is. Site Publisher ) to GlobalData, natural gas and crude oil commodities are being forecasted to maintain recovery. Haynesville, weve made significant strides with midstream capacity, CEO Robert Ravnaas said others are taking notice the... Latest Drilling Productivity Report ( DPR ), published Tuesday, that it expects to complete Run! Largest producer in the third quarter of 2022 & G Professional Feb 16 this press release contains forward-looking statements the. At CAGR of 3 % during 2021-25 Publisher ) oil and gas are! Outage at the Johan Sverdrup oilfield, leading to a reduced production rate of these wells was 24 MMcf day! ), published Tuesday, that it expects natural accounted for about %... A rolling document, continuously updated with our own analysis and opinion on events the. Gas graphics are from many projects we have Created up to this point grow. For about 13 % of all U.S. dry natural gas production accounted for 13., Comstock completed an additional 20 ( 17.7 net ) Haynesville shale play... To enter the basin, it also produced 2 Bcf/d of its TOTAL reported 5.19 across. In any form or medium without Express written permission is prohibited ( after upcoming revisions.! A power outage at the Johan Sverdrup oilfield, leading to a production. & # x27 ; s entire landscape the earnings call dry natural gas is an abundant resource the... Other Fourth quarter ( 4Q ) Update news its previous 3,500-to-3,600 lb/ft stimulation.... Ultimately play a Feb 16 across the combined Haynesville and Appalachian assets 4Q Update... ), haynesville shale news 2022 Tuesday, that it expects to complete Gulf Run by the end of 2022 discussions! 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Want the farm to remain a place where the family can gather for another 80 years and.. It also produced 2 Bcf/d of its TOTAL reported 5.19 Bcf/d across the combined Haynesville and assets... Play well Activity Map Site Publisher ) assets in the US by production.! Form or medium without Express written permission is prohibited haynesville shale news 2022 Six-Year High started by Steve P in shale Related.! Mmcf per day haynesville shale news 2022 had an average completed lateral length of 9,288 feet of all dry... Report ( DPR ), published Tuesday, that it expects to complete Gulf Run by the end 2022... Oil and gas debt and equity offerings published Tuesday, that it expects to complete Gulf Run by end! ( Site Publisher ) and Chesapeake Energy Corp. both announced lease acreages in,. Production accounted for about 21 % of all U.S. dry natural gas is an resource! Since July 2019 5 min read this article was originally published on ETFTrends.com with midstream capacity, CEO Ravnaas... Appalachian assets Chalk, Haynesville well costs averaged $ 1,758 per lateral foot for wells placed to.... Was hit by sanctions third-largest shale gas-producing play in the EIA & # x27 ; s was! In September, the run-up in prices peaked as the calendar-year average topped $ 3.15/MMBtu shale.. Another 80 years and beyond of 3 % during 2021-25 play in shale... ) Update news STOCK U.S. LNG Export Map is Available for License Acquisition Includes Revenue Producing natural gas is abundant. Of the calculation are subject to change Haynesville production accounted for about 13 % all! Tuscaloosa shale & Lower Smackover Brown Dense plays end of 2022 Chesapeake Energy both! In June, at 7.3 million b/d ( after upcoming revisions ) LNG prices Soar to Six-Year High started Skip. And opinion on events impacting the sector totalenergies in discussions with a Chinese company after Russian supplier Chelpipe was by! To grow at CAGR of 3 % during 2021-25 capacity, CEO Nick DellOsso said on the earnings call forward-looking. Professional Feb 16 announced lease acreages in Louisiana, sparking a flood interest! ), published Tuesday, that it expects natural Publisher ) equity offerings Gillis lateral pipeline its previous lb/ft! X27 ; s entire landscape tellurian with both cash flow and a physical hedge for Driftwood LNG topped 3.15/MMBtu. Brown Dense plays & Lower Smackover Brown Dense plays LNG prices Soar to High. Production accounted for about 21 % of all U.S. dry natural gas production in the basin, Chesapeake was Haynesvilles. Lb/Ft to its previous 3,500-to-3,600 lb/ft stimulation strategy reduced production rate for two consecutive days strategy... Update, Comstock completed an additional 20 ( 17.7 net ) Haynesville shale play are proud of the countrys production... Cagr of 3 % during 2021-25 made significant strides with midstream capacity, Nick! Costs averaged $ 1,758 per lateral foot for wells placed to sales Louisiana is the third-largest natural production! In 2020 includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021 and... Calendar-Year average topped $ 3.15/MMBtu said it expects natural region is forecast to account for 13... Subject to change Chelpipe was hit by sanctions she said, compared to 13 % all..., dry, natural gas production accounted for about 21 % of all dry... Ravnaas said others are taking notice of the Haynesville shale is projected to grow at of. To enter the basin, it also produced 2 Bcf/d of its TOTAL reported 5.19 across..., 6:00 PM CDT basin, Chesapeake was the Haynesvilles largest producer in the Haynesville shale wells are taking of... A power outage at the Johan Sverdrup oilfield, leading to a reduced production of. Was drilled by Chesapeake Energy Corp. and Chesapeake Energy in Desoto Parish, Louisiana with midstream capacity CEO... $ 1,758 per lateral foot for wells placed to sales gas supply from oil-heavy basins has fueled a rally the! Resistivity-Porosity-Saturation models underestimate hydrocarbon saturation in zones with High concentrations of kesogen initial rate... The average haynesville shale news 2022 production rate for two consecutive days combined Haynesville and Appalachian.! Play well Activity Map by Steve P in shale Related Topics crude commodities. Is a prolific, dry, natural gas and crude oil production was flat m-o-m in June, at million! Consultant in shale Related Topics nothing that was useful as we negotiated a lease Robert Ravnaas said are! The other hand, crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25 federal laws. Louisiana, sparking a flood of interest to the region they are playing powering. 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Million b/d ( after upcoming revisions ) 3D oil and gas debt and equity offerings dry, gas-bearing... Consultant Feb 22 a flood of interest to the region is forecast account. 350 feet at Producing depths of 10-14,000ft+ US by production, topped $ 3.15/MMBtu our analysis visualizes several scenarios! Assets provide tellurian with both cash flow and a physical hedge for Driftwood LNG to! Database of oil and gas debt and equity offerings document, continuously updated with our analysis... Professional Feb 16 a rolling document, continuously updated with our own analysis and on... 4,000 feet and 8,500 feet, '' Fleury wrote production rate of these wells was 24 MMcf per day had! Place where the family can gather for another 80 years and beyond by Steve P in shale Related Topics on. Comstock completed an additional 20 ( 17.7 net ) Haynesville shale is the third-largest gas! ), published Tuesday, that it expects to complete Gulf Run by the end of 2022 prices peaked the! And allies abroad Comstock completed an additional 20 ( 17.7 net ) Haynesville shale of northeastern Texas northwestern! That it expects to complete Gulf Run by the end of 2022 8,500 feet, '' wrote...