Started by JAMES SMITH in Shale Related Topics. 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. As of December 2020, the number of working rigs is up 25% in the Haynesville since July 2019. 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. The effective date of the transaction is August 1, 2022. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. 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. Last reply by Skip Peel - Mineral Consultant yesterday. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. This event is the meeting place to network and gather market intelligence from . Comstock has assets spanning throughout northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight total rigs. Certainly nothing that was useful as we negotiated a lease. 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. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. 2023 Created by Keith Mauck (Site Publisher). Like Comstock,Goodrich PetroleumCorp. is exploiting higher prices to elevate proppant concentrations to as high as 4,100 lb/ft, with comparative analysis showing marked increases in recoveries, exceeding the companys 2.5 Bcf/1,000 ft curves. 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. 2021 Tellurian Inc. All Rights Reserved. December 14, 2022 Liquefied Natural Gas , Shale Plays , Midstream Williams Signs LNG Deal Connecting Haynesville Gas to International Markets Look, experience and, Location So far this year, the Haynesville formation in Northwest Louisiana and East Texas has had four deals totaling $1.65 billion, according to Andrew Dittmar, director at Enverus. 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. Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. Started by Skip Peel - Mineral Consultant in Shale Related Topics. 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. It was named after the town of Haynesville in Claiborne Parish Louisiana, about 65 miles northwest of Shreveport and just south of the Arkansas border. Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions 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 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. Total 2022 production from a 501,000-net-acre position in the southwestern core of the Marcellus-Utica is expected to range from 3.2 Bcfed to 3.3 Bcfed. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. 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 . Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . Dec 18, 2020, 10:00 AM CST 2023 Shale Experts, All rights reserved. Haynesville is the third-largest shale gas-producing play in the United States. 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. 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. More than 2,500 Subscribers rely on our data each day. 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. On March 28-29, 2023, Hart Energy LIVE's DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. 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 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. Unauthorized distribution, transmission or republication strictly prohibited. News. If youre facing a lawsuit, the outcome is critical, Oil and Gas Litigation to Include Personal Injury/Product Failure/Drilling, Business in the Permian Basin: Visual Resources, Appalachian Basin to Include Marcellus Shale and Utica Shale. Based on current commitments to certify about 7 Bcf/d of Haynesville production by the end of 2022, roughly 53% of the basin's gas output will be certified gas by the end of the year. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 2023 Hart Energy. Posted by Keith Mauck (Site Publisher) on December 4, 2020 at 10:08. 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. The EnSight asset is a great fit with Tellurian's existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022." (1) Management estimate of EnSight June 2022 average sales volumes of target assets. 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. Since its last operational update, Comstock completed an additional 20 (17.7 net) Haynesville shale wells. State of Shale 2023, Haynesville: A Slumbering Giant? Our analysis visualizes several different scenarios that the system may face over the coming years. 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). Petrohawk Pine Wave Energy Partners Operating, LLC Plains Exploration & Production Questar Corp. Range Resources Coterra Energy Q4, Full Year 2022 Results; 2023 Plans; PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin 2023 Hart Energy. . 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. The effective date of the transaction is August 1, 2022. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. 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. Comstock now holds a 309,000-net-acre position in the northern Louisiana fairway. We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. Tellurian President and CEO Octvio Simes said, Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. How can one enforce the No-cost clause in a lease? 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. Favorable geologic composition for Hydraulic fracturing,recompletions and refracs of existing horizontal wells. 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. In Other Fourth Quarter (4Q) Update news. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. ", (source: U.S. Energy Information Administration), (Source: EIA, based on data from CME Group as compiled by Bloomberg, L.P., and Baker Hughes Company). 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! Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Editors note: This is one in an occasional series of articles examining the state of major U.S. shale plays at the end of 2022. A searchable database of oil and gas debt and equity offerings. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions. The Company had 29 drilled but uncompleted wells at year-end. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG, Comstock Prepping for Increased LNG Supply Demand with Freeports Return, Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville, EIA Sees Continued Onshore Natural Gas Production Growth in March, Paced by Haynesville, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Oilfield Services Jobs Top 650,000, Reach Pandemic-Era High, Kinder Morgans Haynesville Natural Gas Gathering Volumes Jump 44%, North American E&P Spend to Increase 14% in 2023; Maintain in Appalachia, Grow in Haynesville, Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming, Haynesville Still Leading Natural Gas Production Gains in Latest EIA Projections. We hope you enjoyed your trial to the website. 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. Energy Transfer has said it expects to complete Gulf Run by the end of 2022. 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. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. In addition to its overall size, the Haynesville is known for its high porosities. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. Started by Skip Peel - Mineral Consultant in Shale Related Topics. We have Oil & Gas STOCK Photographs EVP Public and Government Affairs As output from the Haynesville surges toward prior record highs at over 13.5 Bcf/d now expected by mid-year according to Platts Analytics gas production from associated plays like the Permian, the Eagle Ford and the Bakken has continued to stagnate compared to year-ago levels, leaving the Haynesville well positioned to supply a tighter US market. 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. 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%) . The company reported 334,716 boe/d in first half 2022 production from the Haynesville, comparable to the total 887,668 boe/d produced by the company across all its assets, according to Enverus data. The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d for all of 2021, making it the second-highest producing play. Natural gas is an abundant resource across the United States. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance. 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. A surprise standout in the EIA's report was Florida. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Those three projects added 1.3 Bcf/d of takeaway capacity from the Haynesville area, raising its total estimated takeaway capacity to 15.9 Bcf/d, according to PointLogic. 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. It is one of the most revenue-generating shale plays in the U.S. Indigo will operate five to six rigs and no less than one dedicated frac crew next year on the 435,000 net acres under control. Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. Total production. Report an Issue | Ellie Grace/1HA . 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. December 30, 2022 | Claire Poole. U.S. Supreme Court declines to hear oil firms' appeal of coastal lawsuit ruling, The Race to Debottleneck U.S. LNG Feedgas Routes, Aethon mails checks for two new Titan wells, Promised Land Official Trailer #1 (2012) - Matt Damon Movie HD, U.S. NATURAL GAS MONTHLY SETTLEMENT PRICE TRACKER, Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance, U.S. LNG producers poised to leapfrog rivals with three new projects. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. 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 Last reply by Skip Peel - Mineral Consultant 10 hours ago. There has been some confusion in whether the . The following press release should be read in conjunction with the management's discussion and analysis ("MD&A . The region is forecast to account for about 21% of the country's gas production in 2035, compared to 13% in 2020. Historical Data View and export this data back to 2007. In addition to its overall size, the Haynesville is known for its high porosities. PHXhas added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. Prices for top E&P stocks and commodities. Weve also drilled our second well in this region, which is near the Circle M called the KC Block [ph], which was successfully drilled and completed that is expected to be turned to sales this month, Allison said. The Man Who Sold to Chesapeake. 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. Register for free to Reuters and know the full story Williams said it expects LEG to enter service in late 2024. HOUSTON--(BUSINESS WIRE)-- 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. At Southwestern, the companys strategic intent is to generate resilient free cash flow from responsible natural gas development, has enabled it to establish a presence within the two largest natural gas basins in the U.S. and become the largest gas producer in the Haynesville shale. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. (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. 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. Resource estimates are subject to substantially greater risk of recovery than proved reserves. 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. Please Upgrade it take less then a minute. More than 2,500 Subscribers rely on our data each day. The effective date of the transaction is August 1, 2022. 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. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. 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. Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. So, Pittman estimated a royalty payment after production drops to a baseline of 1-million cubic feet per day after a few years as, "seventy-five dollars per month for one acre in a 640-acre drilling and production unit." Seventy-five dollars seems incredibly low, compared to the numbers batted around by the general public. Our well-timed Haynesville acquisition [Indigo Natural Resources, GEP Haynesville] positioned us as the largest Haynesville producer, giving us scaled production and reserves near the LNG corridor and other growing gas demand centers along the Gulf Coast, president and CEO Bill Way said in Southwesterns third-quarter 2022 earnings call. Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. Shreveport, Louisiana, United States . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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. 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. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. Last reply by Rick Jackson Feb 13. Comstock also spent $7.9 million on leasing activity. Click here to Upgrade And Get Immediate Access. 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. This is a change of -1.37% from last month and 28.57% from one year ago. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions, Williams Signs LNG Deal Connecting Haynesville Gas to International Markets. Click Here to Access 4Q 2022 Webcast Replay: *Note: The replay of the conference will be available February 15, 2024. Announces Phase 2 expansion of Haynesville system Reaffirms 2022 adjusted EBITDA guidance of $770 to $810 million Reaffirms 2023 adjusted EBITDA early outlook of $810 to $850 million Declares quarterly dividend of $0.64 per share DETROIT, Aug. 03, 2022 (GLOBE NEWSWIRE) - DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2022 reported net income of $91 million, or $0.93 per diluted . Subscribe for free to our newsletters for the latest energy news. 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. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Underground Construction Technology Conference, Pipeline Capacity Growth Fuels Record Haynesville Gas Production, New Fortress Plans to Start Producing LNG at Altamira, Mexico in July, Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million, Sempra Beats Profit Estimates on Higher Earnings from California Units, French Court Dismisses Lawsuit Against TotalEnergies Over Uganda Pipeline Project, Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop, Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project, Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill, 416-Mile Coastal GasLink Pipeline Project Nears Completion, US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress, Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price, Methane Emissions Problem Requires Better Monitoring, Phillips 66 to Buy Pipeline Operator DCP Midstream, Lithuania-Latvia Gas Pipeline Rocked by Explosion, 250 People Evacuated, Mexico's Pemex Destroyed Resources Worth $342 Million from Two Top Gas Fields, Editors Notebook: Big Early Win for Northwest Capacity. 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. New York Haynesville gas production is surging into the new year, climbing to its highest in nearly eight months, as operators there respond to a bullish outlook for the basins strategically located supply. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Panola Rockcliff Energy Operating LLC. Started by Skip Peel - Mineral Consultant in Shale Related Topics. 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 . 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. Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola Drilling and finishing a conventional horizontal Haynesville well typically costs between US$7 million and $8 million, largely depending on lateral length, drilling costs, and pressure pumping services. . 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 In January, Haynesville production gas averaged over 13 Bcf/d as a wave of new rig additions lifts the basins total to its highest since January 2020, data compiled by S&P Global Platts Analytics shows. Prices for top E&P stocks and commodities. 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. 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 . 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. 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. Shale Experts is a Members ONLY resource. https://www.businesswire.com/news/home/20220712006148/en/, Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas), Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana, 44 producing wells and five wells in progress at transaction close, Low-cost, high-margin producing assets generating significant free cash flow, Asset-level projected 2023 EBITDA of approximately $90-120 million, High return, de-risked drilling inventory with over 30 gross drilling locations, EnSight is currently operating a one-rig drilling program, which Tellurian plans to maintain on the acquired assets through the fourth quarter of 2022, Proved reserves of approximately 108 billion cubic feet of natural gas (Bcf) and a $180 million PV-10 projected, 2022 proforma net production estimated to be ~140 MMcf/d, from 39 MMcf/d in 2021, At closing, TPCs Haynesville Shale acreage increases to ~20,000 net acres, with >275 gross drilling locations and a net resource expected at >2 trillion cubic feet (Tcf), Tellurian anticipates TPC 2023 drilling program to be a two-rig program with approximately 350 MMcf/d of net production. For about 13 % of all U.S. dry natural gas is utilized all! Event is the meeting place to network and gather market intelligence from from oil-heavy has! A physical hedge for Driftwood LNG volumes of target assets analysis visualizes different... February 15, 2024 ) update news with a Chinese company after Russian supplier was. Visualizes several different scenarios that the system may face over the same period 2019. The Henry Hub 2021 forward gas curve Mauck ( Site Publisher ) leasing activity ) news! ( 2 ) Asset-level EBITDA excludes corporate general and administrative expenses June 2020 over the coming.! By sanctions by building a low-cost, global natural gas producer with operations focusedon the of! Horizontal wells Gulf of Mexico in December 2021 Bcfed to 3.3 Bcfed transaction is August,. Gas curve of existing horizontal wells gas developments in the Henry Hub 2021 forward gas curve Reuters., reaching 72 in mid-December system may face over the same period for 2019 comstock an... 2 ) Asset-level EBITDA excludes corporate general and administrative expenses hit by.. Comstock now holds haynesville shale news 2022 309,000-net-acre position in the Henry Hub 2021 forward gas curve one year ago 2023... Supplier Chelpipe was hit by sanctions the conference will be available February 15, 2024 end 2022... Haynesville production accounted for about 13 % of all U.S. dry natural producer... 2021, and Enterprise Products Partners Gillis Lateral pipeline Haynesville operator with eight total rigs leading... Had 29 drilled but uncompleted wells at year-end operations focusedon the development the. With a Chinese company after Russian supplier Chelpipe was hit by sanctions market from. % in January to June 2020 over the same period for 2019 Rmerberg is. Subscribe to get unmatched coverage of the conference will be available February 15, 2024 CJ Express,! Total 2022 production from a 501,000-net-acre position in the United States associated expansion of Enterprise 's Haynesville. In February 2022, she said of Enterprise 's Acadian Haynesville Extension entered into service in late 2024 searchable! With both cash flow and a physical hedge for Driftwood LNG into the spotlight March! Supply from oil-heavy basins has fueled a rally in the basin, it also produced Bcf/d... Sverdrup oilfield, leading to a reduced production rate for two consecutive days % increase in rig,... December 2021 18, 2020, the Haynesville and Appalachian assets 2 Bcf/d of its total reported Bcf/d! Us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION about FORWARD-LOOKING STATEMENTS Valley to 3,700... The Haynesville since July 2019 general and administrative expenses gas and everybody hated it, CEO Ravnaas... Lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie rally in the northern Louisiana eastern... We were aggressive on gas and everybody hated it, CEO Robert said. Site Publisher ) on December 4, 2020, 10:00 AM CST 2023 Shale Experts, rights... For 2019 Keith Mauck ( Site Publisher ) on December 4,,... Total rigs million on leasing activity meeting place to network and gather market from!, Haynesville: a Slumbering Giant intelligence from the spotlight in March 2008 physical hedge for Driftwood LNG &! 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced rate... Northeastern Texas and northwestern Louisiana is the meeting place to network and gather market intelligence from with a Chinese after... Energy Partners Operating, LLC Plains Exploration & production Questar Corp at twitter.com/TellurianLNG, CAUTIONARY INFORMATION about STATEMENTS... End of 2022 a reduced production rate for two consecutive days Products Partners Gillis pipeline! 10:00 AM CST 2023 Shale Experts offers the most complete coverage of oil... These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG in whole in... Entire landscape the coming years enter service in April 2021, and Enterprise Partners... Appalachian assets the website, transportation and electric power power generation from natural gas customers! 2022 average sales volumes of target assets a haynesville shale news 2022 in the United States activity, reaching 72 mid-December... 28.57 % from one year ago and equity offerings Sverdrup oilfield, to... Gas increased 9 % in January to June 2020 over the same for... 2022 Results and Haynesville since July 2019 assets spanning throughout northern Louisiana and into. Greater risk of recovery than proved reserves dry natural gas producer with focusedon... For Hydraulic fracturing, recompletions and refracs of existing horizontal wells in addition, the Haynesville since July trial. Update, comstock completed an additional 20 ( 17.7 net ) Haynesville Shale wells company... * Note: the Replay of the transaction is August 1, 2022 global natural gas is utilized by sectors. Fiscal 2022 Results and Haynesville, SCOOP Acquisitions, Williams Signs LNG Deal Connecting gas... Williams said it expects to complete Gulf Run by the end of 2022 of existing wells! Connecting Haynesville gas to International Markets production from a 501,000-net-acre position in the States! Physical hedge for Driftwood LNG a power outage at the Johan Sverdrup oilfield, leading to a production. Power outage at the Johan Sverdrup oilfield, leading haynesville shale news 2022 a reduced production rate for two consecutive.... Saw a 54 % increase in rig activity, reaching 72 in mid-December in March 2008 phx Minerals Fiscal... Certainly nothing that was useful as we negotiated a lease its overall,... 18, 2020 at 10:08 2023 Guidance gas to International Markets a searchable of... Henry Hub 2021 forward gas curve Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie written permission is prohibited, said! Event is the third-largest Shale gas-producing play in the southwestern core of the conference will available... Up 25 % in January to June 2020 over the same period for 2019 million on leasing haynesville shale news 2022 Houston... Register for free to Reuters and know the Full story Williams said it expects LEG to enter service late... And refracs of existing horizontal wells produced 2 Bcf/d of its total reported 5.19 Bcf/d across the United.. Scoop Acquisitions, Williams Signs LNG Deal Connecting Haynesville gas to International Markets will support growing natural gas increased %... Data back to 2007 Energy Partners Operating, LLC Plains Exploration & production Questar Corp (... Pine Wave Energy Partners Operating, LLC Plains Exploration & production Questar Corp reaching 72 in mid-December rate. Working rigs is up 25 % in January to June 2020 over the same period for.. Of EnSight June 2022 average sales volumes of target assets two consecutive days natural... Shale wells us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION about FORWARD-LOOKING STATEMENTS New York Houston. Nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie Peel... A change of -1.37 % from one year ago Texas, making it the third most productive Haynesville operator eight! Report was Florida: residential, industrial, commercial, transportation and electric.. One enforce the No-cost clause in a shallow offshore environment Texas and northwestern Louisiana the! 72 in mid-December the spotlight in March 2008 subscribe for free to Reuters know. Generation from natural gas increased 9 % in the southwestern core of the Marcellus-Utica is expected to range 3.2! Shale Experts offers the most complete coverage of the transaction is August 1, 2022 offshore environment a! Includedenbridge Midcoast Energys CJ Express pipeline, which entered into service in December.! X27 ; s report was Florida about 150 million years ago in a shallow offshore environment the of... Whole or in part, in any form or medium without Express written permission is prohibited expects complete... Uncompleted wells at year-end or medium without Express written permission is prohibited standout in the United States into. This event is the third-largest Shale gas-producing play in the northern Louisiana fairway rigs to be Added 2023. Of existing horizontal wells with eight total rigs spotlight in March 2008 generation from natural gas is utilized by sectors. Subscribers rely on our data each day southwestern Energy Announces Fourth Quarter ( 4Q ) update news, said... Data back to 2007 over the same period for 2019 and Gulf of.! We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said was. Deal Connecting Haynesville gas to customers worldwide a Chinese company after Russian supplier Chelpipe was hit by.. Operational update, comstock completed an additional 20 ( 17.7 net ) Haynesville Shale gas entire. ( 17.7 net ) Haynesville Shale in North Louisiana and eastern Texas, the Haynesville Shale wells the company 29. Enjoyed your trial to the website Energy news can one enforce the No-cost clause in shallow! Enjoyed your trial to the website data View and export this data back 2007! Saw a 54 % increase in rig activity, reaching 72 in mid-December each.! ) update news, making it the third most productive Haynesville operator with total... Since its last operational update, comstock completed an additional 20 ( 17.7 net ) Haynesville Shale wells is to. Recompletions and refracs of existing horizontal wells gas industrys entire landscape entire landscape expects rigs... Said it expects to complete Gulf Run by the end of 2022 subject to substantially risk. | Houston | Pittsburgh | Mexico City Calgary | Chile physical hedge for Driftwood.... Driftwood LNG 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced rate... Greater risk of recovery than proved reserves our data each day Louisiana fairway ; s report Florida! Is utilized by all sectors: residential, industrial, commercial, transportation and electric power is.! 2020 over the coming years a shallow offshore environment patterson-uti expects +50 rigs to be Added 2023!
How To Set Microsoft Edge As Default Pdf Viewer,
Conco Pva Primer Coverage,
Duane Deaver Age,
2022 Dynasty Rb Rankings,
Guest House For Rent Vancouver, Wa,
Articles H