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

DRILLING MARKET FOCUS: US rig count slumps more rapidly than industry expected

May 18, 2009 The US rig count fell much more rapidly than most in the oil and gas drilling industry had forecast, and industry executives say they are uncertain when drilling activity might recover.

OGJ Newsletter

Apr 27, 2009

OGJ Newsletter

Apr 20, 2009

Firm plans work on four blocks in Ecuador

Apr 20, 2009 Ecuador’s state-owned Petroamazonas, a subsidiary of national oil company Petroecuador that operates oil assets previously owned by Occidental Petroleum Corp., expects to develop oil fields on four oil blocks this year.

EIA conference: Ample US natural gas supplies pose challenges

Apr 13, 2009 US natural gas supplies are sufficiently ample that prices should continue in the $4-6/Mcf range for the near term, market observers said Apr. 7 during the US Energy Information Administration’s 2009 annual conference.

Emphasis on urban areas affects drilling in Ohio

Mar 9, 2009 Effective Sept. 16, 2004, a law went into effect that gives the Division of Mineral Resources Management sole authority in Ohio to regulate the permitting, locating, drilling, and operating of oil and gas wells and production facilities.

Compositional variety complicates processing plans for US shale gas

Mar 9, 2009 Recently higher gas prices and improved drilling technology have spurred shale gas drilling across the US.

Chesapeake unconventional gas stake deep

Mar 2, 2009 Chesapeake Energy Corp., Oklahoma City, reported an 11% increase in proved reserves to 12.1 tcf of gas equivalent in 2008 and detailed the depth of the company’s commitment to US unconventional gas.

Global LNG supply on rise; project costs falling

Feb 23, 2009 Global LNG supply by 2013 will jump as nearly 100 million tonnes/year (tpy) of liquefaction projects currently near start-up or under construction come on line.

Operators report string of Gulf of Mexico discoveries

Feb 16, 2009 Operators in the Gulf of Mexico reported a string of discoveries in late January and early February 2009.

National, local, and back

Feb 9, 2009 US President Barack H. Obama’s affect on the country’s oil and gas pipeline industry is still in the earliest stages of being defined.

OGJ Newsletter

Feb 9, 2009

OGJ Newsletter

Feb 2, 2009

US shale gas surge stimulating< construction of processing plants

Jan 5, 2009 Rising production of natural gas will stimulate construction of gas processing plants in the US this year.

US gives gas extra attention as output grows from shales

Jan 5, 2009 US natural gas, particularly shale gas, will receive increasing attention in 2009 because crude oil is becoming increasingly difficult and expensive to find and produce.
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