Haynesville

Haynesville Shale ImageThe 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

Baker Hughes: US drilling rig count drops to 1,768

Dec 20, 2013

The US drilling rig count relinquished 14 units to settle at 1,768 rigs working in the week ended Dec. 20, Baker Hughes Inc. reported.

Haynesville continues decline as operators seek out wet gas plays

Dec 13, 2013

In October, Louisiana's Haynesville shale produced approximately 6 bcfd.

Haynesville Update—1: North Louisiana gas shale's drilling decline precipitous

Dec 2, 2013

The Haynesville shale in Louisiana has been actively developed since its discovery in 2007, but over the last 2 years there has been rapid retrenchment and a precipitous decline in the number of new wells drilled in the formation.

Exco to buy Eagle Ford, Haynesville assets

Jul 5, 2013

Exco Resources Inc. agreed to acquire producing and undeveloped oil and gas assets in the Eagle Ford and Haynesville shale formations for a total of $1 billion from Chesapeake Energy Corp.

Western Gas to buy Marcellus gathering assets

Mar 4, 2013

Western Gas Partners LP, an Anadarko Petroleum Corp.-owned master limited partnership, agreed to acquire a 33.75% interest in the Liberty and Rome gas gathering systems from Anadarko and a 33.75% interest in the Larry’s Creek, Seely, and Warrensville gas gathering systems from an affiliate of Chesapeake Energy Corp.

UT study forecasts reliable supply from Barnett shale through 2030

Feb 28, 2013

A new study of the Barnett shale foresees reliable supply with slowly declining production through the year 2030, said the Bureau of Economic Geology (BEG) at the University of Texas at Austin and financed by the Alfred P. Sloan Foundation, a New York philanthropic grant-making institution.

BG sells Cotton Valley interests to EXCO

Feb 19, 2013

BG Group signed an agreement to sell its interests in shallow, noncore, conventional producing assets and acreage in the Cotton Valley formation in East Texas and North Louisiana to EXCO Resources, Dallas, for $132.5 million.

Chesapeake to sell midstream assets in various US shale plays

Dec 12, 2012

Chesapeake Energy Corp. plans to sell midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville, and Niobrara to Access Midstream Partners for $2.16 billion in a transaction expected to close by Dec. 31.

BHP Billiton ponders writedown of US shale gas assets

May 15, 2012

BHP Billiton Petroleum is considering whether to write down its US shale gas assets by the end of the quarter, as it already plans to cut the number of shale gas wells it drills in the coming months, the company’s chief executive officer told the Australian Petroleum Production & Exploration Association conference in Adelaide.

Louisiana: Brown Dense leasing spreads eastward

Nov 16, 2011

Leasing spurred by the oil and gas potential of the emerging Jurassic Lower Smackover Brown Dense limestone has spread to East and West Carroll parishes, together with St. Tammany the state’s only parishes without hydrocarbon production.

Louisiana: Forest returns rig to Haynesville shale

Nov 1, 2011

Forest Oil Corp., Denver, has returned a drilling rig to its acreage in the Haynesville shale play of East Texas and Northwest Louisiana.

Louisiana official reports activity on third expansive play

Aug 31, 2011

Oil and natural gas producers have begun work on developing a third expansive play in Louisiana, giving the state one proved and producing formation and two that are being watched closely, according to Scott Angelle, secretary of Louisiana’s Department of Natural Resources.

Bulgaria Jurassic Etropole shale gas drilling set

Aug 30, 2011

LNG Energy Ltd., Vancouver, BC, entered into a term sheet with a unit of TransAtlantic Petroleum Ltd., Dallas, to earn a 50% interest in a future shale gas production concession in northwestern Bulgaria.

Southwestern to probe Smackover Brown Dense lime

Jul 29, 2011

Southwestern Energy Co., Houston, said it has accumulated 460,000 net acres prospective for oil in Upper Jurassic Lower Smackover Brown Dense limestone along the Arkansas-Louisiana state line.

BHP Billiton to buy Petrohawk for $12.1 billion

Jul 14, 2011

BHP Billiton Petroleum will acquire Petrohawk Energy Corp., Houston, for $12.1 billion, giving the Australian firm operated positions in the US Eagle Ford and Haynesville shale resource plays and the Permian basin.

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