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

GULF COAST ECONOMIC LIMITS—3: Economic limits calculated for fields across Louisiana

Jun 21, 2010 During 1977-2007, 690 oil and gas fields in Louisiana terminated production.

CenterPoint starts Carthage-to-Perryville open season

Jun 15, 2010

CenterPoint Energy Gas Transmission Co. (CEGT), an indirect, wholly owned interstate natural gas pipeline subsidiary of CenterPoint Energy Inc., started a nonbinding, 3-week open season June 14 to gauge market interest in an additional expansion of its nearly 1.9 bcfd, 42-in. OD Carthage-to-Perryville (Line CP) pipeline.

OGJ Newsletter

Jun 7, 2010

ETP adds East Texas gas pipeline capacity

Jun 3, 2010

Energy Transfer Partners LP announced June 2 the construction of a 63-mile natural gas pipeline serving the East Texas Haynesville, Bossier, and James Lime production areas.

Enterprise books Haynesville Extension; expands State Line system

Jun 2, 2010

Enterprise Products Partners LP and Duncan Energy Partners LP announced June 1 that Acadian Gas LLC had entered into an additional long-term contract with a shipper to transport natural gas on Acadian's Haynesville Extension pipeline, now under construction, increasing total capacity commitments by 200 MMcfd.

MARKET WATCH: Crude price drops, ending short rally

Jun 1, 2010

Oil prices fell May 28, ending a 2-day rally in the New York market, with crude down 0.8%, on the eve of the extended Memorial Day holiday weekend in the US that usually marks the start of the summer driving season.

OGJ Newsletter

May 17, 2010 A semisubmersible rig sank in the Caribbean off Venezuela's eastern coast, but the crew of nearly 100 was reported safe.

Canning basin West Kora field due revival attempt

May 10, 2010 Buru Energy Ltd., Perth, plans to restore oil production from the West Kora-1 well in the onshore Canning basin of northwest Western Australia following the grant of a production license.

Tenaska announces Haynesville gathering expansion

Apr 29, 2010

Tenaska Capital Management LLC announced Apr. 28 the start of construction of its TPF II East Texas Gathering LLC natural gas gathering system serving the Haynesville shale formation in East Texas.

CHINA'S ENDOWMENT—2: China assesses unconventional land oil shale, oil sands, coal gas resources

Apr 26, 2010 The China National Petroleum Assessment (2003-07) evaluated coalbed methane, oil shale, and oil sands resources in Chinese onshore basins.

EOG sees Eagle Ford shale as major US oil discovery

Apr 19, 2010 EOG Resources Inc. has accumulated acreage across six counties in the Eagle Ford play of South Texas where the Houston independent has drilled 16 delineation wells over a 120-mile trend.

OGJ Newsletter

Apr 19, 2010

Firms form KinderHawk JV for Haynesville shale operations

Apr 15, 2010

Kinder Morgan Energy Partners has entered into a definitive agreement to purchase a 50% interest in Petrohawk Energy Corp.’s natural gas gathering and treating business in the Haynesville shale for $875 million in cash.

ETP receives FERC approval for Tiger gas pipeline

Apr 14, 2010

Energy Transfer Partners LP reported that the US Federal Energy Regulatory Commission has approved construction and operation of its planned Tiger natural gas pipeline, which will serve the Haynesville shale and Bossier sands producing regions in Louisiana and East Texas.

OGJ Newsletter

Apr 12, 2010
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