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
Marcellus surpasses Haynesville as largest US natural gas producing play, says IHS
Mar 18, 2013
Recent pipeline expansions have helped the Marcellus shale play reach a production rate above 7 billion cubic feet (BCF)/day; surpassing the Haynesville shale to become the largest gas producing play in the US, according to a new IHS (NYSE: IHS) report. |
Investors file lawsuit against CARBO Ceramics
Mar 27, 2012
A class-action lawsuit has been filed against Houston-based CARBO Ceramics (NYSE: CRR) on behalf of investors who bought the company’s stock between Oct. 27, 2011, and Jan. 26, 20-12. |
Investor group to gain shale play acreage with Samson acquisition
Nov 23, 2011
An investor group consisting of KKR, NGP, Crestview Partners and Itochu Corp., has signed a definitive agreement to acquire Samson Investment Co., one of the largest private exploration and production companies in the US, for $7.2 billion. |
EXCO sets 2012 budget, reduces Haynesville activity
Nov 18, 2011
Dallas-based EXCO Resources Inc. has estimated its 2012 capital budget around $710 million, including $585 million for development and completion activities. |
Pivotal LNG to provide LNG to Encana in Haynesville Shale
Aug 22, 2011
Pivotal LNG, a subsidiary of Atlanta-based AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., a subsidiary of Encana Corporation, to supply liquefied natural gas that Encana plans to offer to service providers operating fleet trucks in the Haynesville Shale area of Louisiana. |
Enbridge to invest $175M to expand Haynesville Shale infrastructure
Apr 29, 2011
Enbridge Energy Partners LP plans to invest an additional $175 million to expand its East Texas system serving Haynesville Shale producers. |
Encana to provide mobile LNG refueling stations for trucks serving Haynesville Shale
Apr 5, 2011
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Sun River Energy completes Haynesville Shale well in Carthage Field
Apr 5, 2011
Dallas-based Sun River Energy Inc., a development stage upstream oil and gas company, has completed the Neal Heirs # 1 well in the Haynesville Shale formation in East Texas and turned it to production on March 31. |
Barnett takes a backseat to Haynesville as nation's leading shale play
Mar 22, 2011
Louisiana’s Haynesville Shale is now the nation’s highest-producing shale gas play, surpassing the Barnett Shale in Texas, said the US Energy Information Administration (EIA) March 18, citing reported pipeline flows. |
Cubic Energy releases flow rates of three Haynesville wells
Jan 25, 2011
Dallas-based oil and gas company Cubic Energy has announced results of three horizontal Haynesville Shale wells in Northwest Louisiana. |
Haynesville drilling drives up Comstock Resources' reserves 45%
Jan 24, 2011
Comstock Resources Inc. said Jan. 24 that its proved oil and natural gas reserves as of Dec. 31, 2010 were estimated at 1,026 bcf of natural gas and 4.2 million barrels of crude oil or 1,051 bcfe, an increase of 45% as compared to total proved reserves as of Dec. 31, 2009 of 726 bcfe. |
Mainland Resources looks for commercial Haynesville in Mississippi
Jan 4, 2011
Mainland Resources has reached total depth of 22,000 feet with its Burkley-Phillips well, drilled to test the Haynesville in Jefferson County, Mississippi on the border with Louisiana. The company is now determining its path to completion. |
EXCO plans $976M budget for 2011
Nov 29, 2010
EXCO Resources plans to spend $768.9 million on drilling and completions in 2011 as part of a $976.2 million total budget. |
Comstock delayed in completing Haynesville and Bossier shale wells
Oct 19, 2010
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Comstock Resources to sell Mississippi assets for $75M
Oct 12, 2010
In an effort to focus on its Haynesville, Bossier, and Eagle Ford shale assets, Comstock Resources Inc. has agreed to sell its Mississippi oil and gas properties to a privately held company for $75 million cash. |
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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