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

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.

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.

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.

Haynesville continues decline as operators seek out wet gas plays

Dec 13, 2013

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

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.

US land, oil drilling dips to 1,757 units in latest rig count report

Dec 27, 2013

Rigs drilling on land and for oil took the biggest hit in the latest US drilling rig count report, released by Baker Hughes Inc.

Baker Hughes: US drilling rig count drops to 1,751

Jan 3, 2014

The US drilling rig count fell 6 units, all of which were land-based units, to settle at 1,751 rigs working overall during the week ended Jan. 3, Baker Hughes Inc. reported.

HAYNESVILLE UPDATE—2: North Louisiana drilling costs vary slightly 2007-12

Jan 6, 2014

Well construction costs comprise the largest component of the capital expenditures required in onshore developments, typically ranging 70-90% of total project costs.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

BHP executive details big plans for US shale plays

Feb 1, 2014

Australian resource conglomerate BHP Billiton is ramping up its activity in unconventional resource plays in the US. Since entering the US shale business 3 years ago, the company has grown into one of the top producers in the Eagle Ford shale.

Haynesville Update—3: Low gas price constrains profitability

Feb 3, 2014

The challenge in all unconventional plays is not to find the deposits but to find the areas that are economically viable and will lead to the best production and recovery volumes at a rate of return that satisfies investor requirements.

HAYNESVILLE UPDATE—4: Haynesville outlook hinges on gas price

Mar 3, 2014

The future of Haynesville production is unforeseeable, yet trends can be postulated for a range of drilling scenarios.

Baker Hughes: US drilling rig count spikes to 1,792

Mar 7, 2014

The US drilling rig count jumped 23 units to 1,792 rigs working during the week ended Mar. 7, Baker Hughes Inc. reported.

Devon, Crosstex complete merger of midstream assets

Mar 7, 2014

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

Azure Midstream starts up Haynesville gas plant

Apr 4, 2014

Azure Midstream Energy LLC, Houston, has started up its 10-MMcfd Fairway gas processing plant in San Augustine County, Tex. A spokesperson for Azure Midstream told OGJ that the plant consists of two 5 MMcfd freon refrigeration plants.

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