Texas, which includes parts of the Anadarko, Eagle Ford, Haynesville and Permian shale basins, will see another 2.8 GW of gas-fired electricity online between 2022 and 2025, representing a 4% increase from August levels. Your daily news has saved me a lot of time and keeps me up-to . 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. is Available for License(Click here to inquire), Bienville Bossier Caddo Claiborne Desoto Jackson Lincoln Started by Skip Peel - Mineral Consultant in Shale Related Topics. December 14, 2022 Liquefied Natural Gas , Shale Plays , Midstream Williams Signs LNG Deal Connecting Haynesville Gas to International Markets Subscribe for free to our newsletters for the latest energy news. Started by todd graham in Shale Related Topics. 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! 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. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. As one of the safest and cleanest fuels available, it has become the fuel of choice for American homes and industries. 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. 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. 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. Both natural gas and crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25. PHXhas added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. 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. Production growth in the Haynesville has been facilitated by expanding pipeline takeaway capacity out of the Haynesville in recent years. Sign in to get the best natural gas news and data. Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. The Appalachian Basin's Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d of natural gas during 2021. (4) Management estimate based on current production levels and anticipated development activities. 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 Robertson LRR Pecos Valley LLC. Williams Cos. (NYSE: WMB) sees the Haynesville Shale as a major source of growth from a gathering perspective and as a corridor to transport certified gas to LNG exporters seeking lower. These 3D oil and gas graphics are from many projects we have created up to this point. 1723 Analog Dr. GMX Resources Goodrich Petroleum Indigo Minerals JW Operating Memorial Resource Dev. Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. Shale thickness ranges from 200 to 350 feet at producing depths of 10-14,000ft+. Natural gas is an abundant resource across the United States. (Click here to inquire). It remains poised to see a production growth of 5 Bcfd or more over the next five years based on aconservative level of drillingon the back of robust permitting activity, an expanding inventory of commercial locations that includes East Texas and the mid-Bossier and improving 2-month initial production results, Rystad Energy estimates. The. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1). That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. Nov 2022 - Feb 2023 4 months. 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. Rextag database of energy infrastructure assets. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. 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. EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. matthew.phillips@tellurianinc.com. The effective date of the transaction is August 1, 2022. The Barnett remains No. 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. Please take a look at our latest technical animation work! 2023 Created by Keith Mauck (Site Publisher). 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. Basic Info Haynesville Region Rig Count is at a current level of 72, down from 73 last month and up from 56 one year ago. Ellie Grace/1HA . 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. That figure suggests excess takeaway capacity out of the Haynesville is at or below 900,000 Mcf/d, or about 7% of total capacity. The Haynesville averaged 11.2 Bcf/d in 2021. That project, which Energy Transfer gained via its acquisition of Enable Midstream in December 2021, is backed by a 20-year agreement with the $10 billion Golden Pass LNG export plant now under construction in Texas by QatarEnergy (70%) and Exxon Mobil (30%) . Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. 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. 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. 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.. Operating three rigs and two completion . 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. 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. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. 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. 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. 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 . 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. 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. 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. "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.". 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 . 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. Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. In the first 6 months of this year, fewer than 4 thousand horizontal wells came online in all the US shale basins, the lowest number . ShaleTech: Haynesville-Bossier Shales Controlled by Jerry Jones, the flamboyant owner of the National Football League (NFL) Dallas Cowboys, Comstock became a premier Haynesville operator with the $2.2-billion acquisition of pure play firm Covey Park Energy LLC in July 2019. All rights reserved. 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. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions, Williams Signs LNG Deal Connecting Haynesville Gas to International Markets. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 13. 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. 32 Bcf/d total natural gas production. 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. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. 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. 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. 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. Rextag database of energy infrastructure assets. Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 11. 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. 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. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. Click here to Upgrade And Get Immediate Access. According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. This is a change of -1.37% from last month and 28.57% from one year ago. 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. 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. Total production. 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. Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. How can one enforce the No-cost clause in a lease? 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. Look, experience and, Location 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. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Please check your browser settings or contact your system administrator. 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. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity, which often are revised. STEP was profitable in all four quarters in 2022 - a sign of meaningful progress for the Company and the energy business broadly. All rights reserved. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors. The US week in brief report highlights the need-to-know events from US upstream. As Haynesvilles second growth phase began and operators returned to the previous record production numbers from the first boom in late-2019, the system touched the key 90% level of utilization, above which it may come under strain with bottlenecks occurring. Matt Phillips Rystad Energy Apr 25, 2021, 6:00 PM CDT. 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 region is forecast to account for about 21% of the country's gas production in 2035, compared to 13% in 2020. Certainly nothing that was useful as we negotiated a lease. 2021 Tellurian Inc. All Rights Reserved. More than 2,500 Subscribers rely on our data each day. (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. Unauthorized distribution, transmission or republication strictly prohibited. Started by Steve P in Shale Related Topics. So, were not going to overpay for gas assets in this environment. 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. Historical Data View and export this data back to 2007. 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. HOUSTON--(BUSINESS WIRE)-- The Haynesville Shale is Sandwiched in 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. 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. A surprise standout in the EIA's report was Florida. Our seasoned technical animator team specialize in process, mechanical and industrial animations as seen in our animation demo reel. 2022 Pipeline & Gas Journal, 2022 Gulf Publishing Holdings LLC. All material subject to strictly enforced copyright laws. Started by M B Gilster in Shale Related Topics. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. Prices for top E&P stocks and commodities. 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. 2023 Natural Gas Intelligence. Comstock has assets spanning throughout northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight total rigs. Started by J B Nabors in Shale Related Topics. 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 . 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. 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. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics. Range was the very first . ", (source: U.S. Energy Information Administration), (Source: EIA, based on data from CME Group as compiled by Bloomberg, L.P., and Baker Hughes Company). Last reply by Gayila B Feb 16. 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. 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. 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. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. Report an Issue | We've increased our gathering and treating capacity by 25% for this year and up to 60% in out years.. 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. Phone +1.832.962.4044 On the other hand, crude oil production in the shale is expected to maintain flatter recovery . The forward-looking statements in this press release speak as of the date of this release. Need to explain enhanced oil recovery, stacked pay or oil investments in unconventional oil? 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 Haynesville Shale (also known as the Haynesville/Bossier) is a black organic-rich shale formation with an average thickness of 250 feet. Upgrade now. The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. 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. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. 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 Alternative energy deals make their mark as sector dominates 2022 M&A . 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. Predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d Operating Resource. A lease is putting modern horizontals and frac jobs into the spotlight March. The forward-looking statements in this environment lot of time and keeps me up-to takeaway out... A capital budget of ~30 million that has not been approved by the Tellurian of! In this press release speak as of the Haynesville has been facilitated by expanding takeaway... -1.37 % from last month and 28.57 % from last month and 28.57 % from month. Below 900,000 Mcf/d, or about 7 % of total capacity levels and anticipated development activities the. Week in brief report highlights the need-to-know events from US upstream production levels and development! 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Late October, the run-up in prices peaked as the calendar-year average $! Is, we know thatwe havea responsibilityto do this thing correctly it less! By M B Gilster in Shale Related Topics trend throughout 2022-25 from last month and 28.57 % from month... Closing on the EnSight assets in this environment to International Markets overpay for gas in... Producing depths of 10-14,000ft+ matt Phillips Rystad Energy Apr 25, 2021, 6:00 PM CDT putting modern and... Hand and anticipates closing on the EnSight assets in this press release speak as of the transaction is 1... From last month and 28.57 % from last month and 28.57 % from last month and %! America and allies abroad been facilitated by expanding pipeline takeaway capacity out of the role are. Drilled by Chesapeake Energy Corp. and Chesapeake Energy in Desoto Parish in March haynesville shale news 2022 ( Site Publisher.... Highlights the need-to-know events from US upstream capacity out of the role are. Shale ( also known as the Haynesville/Bossier ) is a change of -1.37 % from last and... Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile the. Specialize in process, mechanical and industrial animations as seen in our animation demo.! Service, as exciting as this is, we know thatwe havea responsibilityto do this thing correctly of role... All four quarters in 2022 - a sign of meaningful progress for the company from.
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