Haynesville
The Haynesville shale play runs through northwestern Louisiana, northeastern Texas, and the southwestern tip of Arkansas. Some industry experts believe the Haynesville shale could ultimately produce as much as 30 to 40 trillion cubic feet of natural gas and will outproduce the Barnett shale in less than five years. The reason is the formation is very deep and very thick. The depth and high pressures make drilling expensive, but the payout is believed to be worth the cost.
Chesapeake Energy is the major leaseholder and producer in the Haynesville, but several smaller operators, including Houston-based Petrohawk Energy, have acquired significant positions and are increasing production quickly. The Cotton Valley tight gas formation is located just above the Haynesville shale and is also a major target for companies operating in this area.
Haynesville
Haynesville Shale News
Gastar completes Middle Bossier well
Oct 1, 2010
Gastar Exploration Ltd. has completed the Streater #1 well in a single middle Bossier zone. |
Cubic Energy spuds another horizontal Haynesville shale well
Sep 1, 2010
Cubic Energy Inc. has drilled another horizontal well in the Haynesville shale. The Red Oak Timber 7-1 ALT spud on August 6, 2010 with surface casing set at 1,903 feet. |
Mexco Energy buys royalty interests in Haynesville shale
Aug 18, 2010
Mexco Energy Corp. has purchased overriding royalty interests in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for roughly $1.65 million. |
Cubic Energy participates in horizontal Haynesville Shale well
Aug 16, 2010
Cubic Energy Inc. holds a 24% working interest in the Crow 8 No. 1 well in the Haynesville shale area that spud on August 10. |
Regency Energy Partners to acquire Zephyr Gas Services
Aug 9, 2010
Along with its second quarter earnings announcement, Midstream energy partnership Regency Energy Partners LP has announced its plan to acquire Zephyr Gas Services, a field services company based in Houston, Texas, for $185 million. |
PXP reports 'impressive' Granite Wash results
Aug 6, 2010
On August 5, PXP announced its plan to monetize certain of its GOM assets to focus on production growth from the Haynesville shale and Granite Wash. Initial production rates for two wells drilled in the Granite Wash in 2Q10 look promising. |
Plains Exploration to sell Gulf of Mexico assets
Aug 5, 2010
In its 2Q10 earnings statement, Plains Exploration & Production Co. noted, that after studying its Gulf of Mexico (GOM) operations over the past few months, it plans to “reduce its GOM exposure and related capital spending.” |
Logansport Gathering System expansion in Haynesville shale complete
Aug 4, 2010
Midstream energy company Regency Energy Partners LP (Nasdaq: RGNC) has completed the Phase I and Phase II expansions of its Logansport Gathering System located in the Haynesville Shale in north Louisiana. |
Petrohawk launches $825M offering, offers up 5 percent 3Q10 growth profile
Aug 3, 2010
Petrohawk Energy Corp. has launched an offering of $825 million of senior notes due 2018. The offering, which is subject to market availability and other conditions, will be made only to qualified institutional buyers and non-United States persons outside the US. |
Chesapeake, Petrohawk continue to dominate in Haynesville Shale
Aug 1, 2010
Chesapeake Energy takes honors as the top-producing operator in the Haynesville Shale play in northwest Louisiana and northeast Texas.
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Petrohawk reduces Haynesville rig count to concentrate on liquids-rich Eagle Ford
Aug 1, 2010
Houston-based Petrohawk Energy, the 22nd largest US producer in total assets and the 19th in stockholder equity, is the No. 1 producer in the fast-developing Eagle Ford Shale play in South Texas.
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Petrohawk reduces Haynesville rig count to concentrate on liquids-rich Eagle Ford
Aug 1, 2010
Houston-based Petrohawk Energy, the 22nd largest US producer in total assets and the 19th in stockholder equity, is the No. 1 producer in the fast-developing Eagle Ford Shale play in South Texas.
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Chesapeake, Petrohawk continue to dominate in Haynesville Shale
Aug 1, 2010
Chesapeake Energy takes honors as the top-producing operator in the Haynesville Shale play in northwest Louisiana and northeast Texas.
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GlobaLogix opens PA operations to service Marcellus producers
Jul 1, 2010
GlobaLogix Inc., a Houston-based field automation and data services company, has opened an operations center in Canonsburg, Pennsylvania, to focus on providing support to oil and gas producers operating within the Marcellus shale. |
EXCO closes on Haynesville, Bossier shale properties from Southwestern
Jun 30, 2010
EXCO Resources Inc. has closed the purchase jointly with BG Group, plc of properties in the Haynesville and Bossier shale plays from Southwestern Energy Co. |
The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.
The total value of US oil and gas mergers and acquisitions increased significantly in 2011 due to continued investment in US shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry, according to an analysis of energy M&A data by PwC US. A major trend in the energy sector driving the increase in deal value throughout the year was a shift towards more investments in oil and liquid plays as natural gas prices remained depressed amid hitting a 10-year low in 2011.
Read more here.
Can the shale gas r
evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources.
Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here.
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