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

AAPG: Unconventional thinking led to great finds

Jun 22, 2009 Unconventional geologic thinking and risk-taking led to many of the world's recent major oil and gas discoveries, speakers from the companies that made them told a closing session at the American Association of Petroleum Geologists annual convention in Denver.

Analyst takes bullish view of natural gas, LNG

Jun 15, 2009 Research analysts with Calgary-based Tristone Capital Inc. are optimistic on the outlook for natural gas beginning in the second half of 2009 and foresee a possible US gas supply shortage in 2010.

EnCana banking heavily on unconventional gas, oil

Jun 15, 2009 Unconventional gas and oil plays represent the future for EnCana Corp. and the North American oil and gas industry, EnCana said May 27.

Shale gas acreage, European database draw interest

Jun 15, 2009 Companies are seeking permits for shale gas prospects in southeast France in Languedoc Roussillon, the Cevennes mountains region, and the Savoie area near the Swiss border.

Services/Suppliers

May 25, 2009

Smallest Philippine block has shallow gas, deep reef potential

May 25, 2009 Record attendance levels experienced at the Apr. 20-24 Southeast Asia Petroleum Exploration farmout forum in Singapore signal an undiminished level of interest in regional exploration prospects.

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.
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