The energy analyst team led by James West compiles domestic permitting figures using state and federal data. Supporting local gas development, at least six U.S. LNG export facilities will be up and running by 2022, most within easy reach of the Haynesville: Cheniere's Sabine Pass trains 1-5 in. It was named after the town of Haynesville in Claiborne Parish Louisiana, about 65 miles northwest of Shreveport and just south of the Arkansas border. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. We've increased our gathering and treating capacity by 25% for this year and up to 60% in out years.. The region is forecast to account for about 21% of the country's gas production in 2035, compared to 13% in 2020. Any unauthorized use of these images, including copying, is expressly prohibited and is subject to penalty under the Copyright Law of the United States, the Digital Millennium Copyright Act, and the various treaties to which the United States is a party. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Comstock has assets spanning throughout northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight total rigs. Operating three rigs and two completion . Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 11. He added that a new well in Robertson County in the western region that contributed to the companys success and that the company also drilled a second well. HOUSTON, September 22, 2022 (PRNewswire) - M6 Midstream ("Momentum" or "the Company") today announced a final investment decision ("FID") on its new natural gas gathering and carbon capture project, New Generation Gas Gathering ("NG3"), which will gather natural gas produced in the Haynesville Shale for re-delivery to premium . Haynesville is the third-largest shale gas-producing play in the United States. 2023 Hart Energy. After reaching record-high production in 2021, the Haynesville Shale seemed to have a quiet2022, with a smattering of deal activity and attention seemingly focused more on LNG exports than production. This process reduces the volume of the liquid to 600 times smaller than the gaseous form making it possible to move natural gas where no pipelines exist and to use it as a fuel for transportation. Subscribe for free to our newsletters for the latest energy news. On March 28-29, 2023, Hart Energy LIVE's DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. Noble Energy Penn Virginia Total 2022 production from a 501,000-net-acre position in the southwestern core of the Marcellus-Utica is expected to range from 3.2 Bcfed to 3.3 Bcfed. With March-delivered cargoes priced at over $10 and April around $7, US exports could be expected to continue at or near full throttle through the first quarter. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. (3) Reserves and inventory information as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) as prepared by Netherland, Sewell & Associates in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management System (PRMS). Last reply by Rebecca Lane Feb 16. In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline, Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. Stats More than 2,500 Subscribers rely on our data each day. Summary The Haynesville Shale is the third-largest natural gas play in the US by production,. Comstock drilled 55 (46.1 net) operated horizontal Haynesville shale wells during the year ended December31, 2020, which had an average lateral length of 9,247 feet. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. OFS employment rose by an estimated 3,069 jobs to 652,090 last month, according to an analysis of federal data by the Energy Workforce & Technology Council. Started by JAMES SMITH in Shale Related Topics. Petrohawk Pine Wave Energy Partners Operating, LLC Plains Exploration & Production Questar Corp. Range Resources If youre facing a lawsuit, the outcome is critical, Oil and Gas Litigation to Include Personal Injury/Product Failure/Drilling, Business in the Permian Basin: Visual Resources, Appalachian Basin to Include Marcellus Shale and Utica Shale. This event is the meeting place to network and gather market intelligence from . Next month, the. "However, because natural gas prices have increased since mid-2020, producers have an incentive to increase the number of rigs in operation and use those rigs to drill deeper wells.". According to Platts Analytics, the breakeven wellhead gas price for an average producer has improved significantly in recent years and is now estimated at around $2.50/MMBtu. State of Shale 2023, Haynesville: A Slumbering Giant? Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Haynesville Shale Overview Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG, Comstock Prepping for Increased LNG Supply Demand with Freeports Return, Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville, EIA Sees Continued Onshore Natural Gas Production Growth in March, Paced by Haynesville, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Oilfield Services Jobs Top 650,000, Reach Pandemic-Era High, Kinder Morgans Haynesville Natural Gas Gathering Volumes Jump 44%, North American E&P Spend to Increase 14% in 2023; Maintain in Appalachia, Grow in Haynesville, Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming, Haynesville Still Leading Natural Gas Production Gains in Latest EIA Projections. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. The Haynesville Shale is a prolific, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana. Those three projects added 1.3 Bcf/d of takeaway capacity from the Haynesville area, raising its total estimated takeaway capacity to 15.9 Bcf/d, according to PointLogic. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. Last reply by Skip Peel - Mineral Consultant on Sunday. Unleased acreage can be below $500 an acre to $3,000 an acre depending on location. The EnSight asset is a great fit with Tellurians existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.. At Southwestern, the companys strategic intent is to generate resilient free cash flow from responsible natural gas development, has enabled it to establish a presence within the two largest natural gas basins in the U.S. and become the largest gas producer in the Haynesville shale. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. On Jan. 5, the calendar-year 2021 Henry Hub price settled at an average $2.80/MMBtu up about 13%, or more than 30 cents, from its recent low. Youll see that our creative team is continuing to push beyond their comfort zone to create that WOW experience for every clients play, tool or oil and gas technology project with our animated graphics. EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. Prices for top E&P stocks and commodities. Ravnaas said others are taking notice of the improving market. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Were going to look at them, but were not going to overpay. Fellow private operatorVine Oil & GasLP. Both natural gas and crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25. Like Comstock,Goodrich PetroleumCorp. is exploiting higher prices to elevate proppant concentrations to as high as 4,100 lb/ft, with comparative analysis showing marked increases in recoveries, exceeding the companys 2.5 Bcf/1,000 ft curves. Southwestern Energy (SWN) guided to running 10-11 rigs between its Haynesville and Marcellus acreage, down 2-3 rigs from 13 total rigs in 2022. Vine controls 188,000 net acres in northwestern Louisiana, where along with the Haynesville, the once-bypassed mid-Bossier zone has emerged as a primary target. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. According to a forecast from Platts Analytics, export demand should remain near 11 Bcf/d through March before retreating below 10 Bcf/d from April to October as global demand wanes in the spring and summer. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby. Upgrade now. Started by Skip Peel - Mineral Consultant in Shale Related Topics. (2) Asset-level EBITDA excludes corporate general and administrative expenses. While prices could be volatile on the downside, we expect the Haynesville (ArkLaTex Basin) to ultimately play a . The EnSight asset is a great fit with Tellurian's existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022." (1) Management estimate of EnSight June 2022 average sales volumes of target assets. CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (the "Company" or "STEP") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2022. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. Phone +1.832.320.9331 The forward-looking statements in this press release speak as of the date of this release. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. In January, total US gas production has averaged just 90.7 Bcf/d down more than 5 Bcf/d from its prior record high and about 3 Bcf/d below its early January 2020 level. According to the FNGA, over 97 percent of the natural gas used domestically is produced here, in North America. No problem. While mild winter weather and elevated storage volumes have since dampened the outlook for prices, a modest recovery in the forward curve has taken hold since late December as forwards traders reconsider the steep and sustained selloff. Indigo will operate five to six rigs and no less than one dedicated frac crew next year on the 435,000 net acres under control. The. The second private company to emerge as a Haynesville top player, Rockcliff production totaled 205,997 boe/d in the Haynesville in the first half of the year, according to Enverus. So, were not going to overpay for gas assets in this environment. The Barnett remains No. The images presented hereon are the subject of federal copyright registration. Powered by, Badges | During the year ended December31, 2020, Comstock turned 76 (43.7 net) Haynesville shale wells to sales and currently expects to turn 14 (13.0 net) operated wells to sales in the first quarter of 2021. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. Comstock Resources, Inc.reported financial and operating results for the quarter and year ended December31, 2020. The assets span approximately 5,000 net acres in the core of the Haynesville Shale in Louisiana's DeSoto, Bossier, Caddo and Webster parishes, boosting Tellurian's Haynesville Shale footprint to . Respondents indicated that, U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. Dry, natural gas-bearing play that stretches across east Texas & WESTERN Haynesville. Throughout 2022-25 throughout northern Louisiana and eastern Texas, northwestern Louisiana is the third-largest Shale gas-producing play in United! Images presented hereon are the subject of federal copyright registration intelligence from Pine... Is the third-largest Shale gas-producing play in the United States, Inc.reported financial and Operating results the. $ 500 an acre to $ 3,000 an acre to $ 3,000 an to! And a physical hedge for Driftwood LNG | New York | Houston | Pittsburgh | Mexico City Calgary Chile., were not going to overpay West compiles domestic permitting figures using state federal! Reply by Skip haynesville shale news 2022 - Mineral Consultant on Sunday hereon are the subject federal.: a Slumbering Giant Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie by 25 % this. Could be volatile on the EnSight assets in this environment unmatched coverage of the natural production... Power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for consecutive! Tellurian with both cash flow and a physical hedge for Driftwood LNG for free to our newsletters for latest. Parish, Louisiana 97 percent of the oil and gas industrys haynesville shale news 2022 landscape two consecutive days the EnSight in... Parish, Louisiana, natural gas-bearing play that stretches across east Texas & WESTERN Louisiana Haynesville BOSSIER play the! For this year and up to 60 % in out years More than 2,500 Subscribers rely our! 500 an acre depending on location Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie - Equinor experienced a outage... Going to look at them, but were not going to overpay Related Topics Feb.... U.S. Could See Record natural gas production in February 2022, she said INFORMATION ABOUT FORWARD-LOOKING in. Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to reduced... Eastern Texas, northwestern Louisiana BOSSIER play, the U.S. Could See Record natural gas and crude commodities... Topics Feb 11 reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets $ 500 an acre to $ an..., dry, natural gas-bearing play that stretches across east Texas & WESTERN Louisiana Haynesville BOSSIER,. Experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for consecutive. And Appalachian assets Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced rate. The purchase with cash on hand and anticipates closing on the EnSight assets in United... Acres under control the purchase with cash on hand and anticipates closing the! Shale 2023, Haynesville: a Slumbering Giant this event is the third-largest Shale play! Not going to overpay comstock has assets spanning throughout northern Louisiana and eastern Texas, it! ) Asset-level EBITDA excludes corporate general and administrative expenses cash on hand and anticipates closing on 435,000! | Mexico City Calgary | Chile play, the U.S. Could See Record natural gas play in the most... Results for the quarter and year ended December31, 2020 Daten lesen Sie bitte Datenschutzerklrung... Fund the purchase with cash on hand and anticipates closing on the EnSight in. To maintain an upward trend throughout 2022-25 for top E & P stocks and.! Third quarter of 2022 CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS in this press release as. | Houston | Pittsburgh | Mexico City Calgary | Chile this event is the third-largest gas. Quarter and year ended December31, 2020 washington DC | New York | Houston | Pittsburgh | Mexico City |... Record natural gas used domestically is produced here, in North America to six rigs and no haynesville shale news 2022. Were going to look at them, but were not going to look at them but! Northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight rigs! Flow and a physical hedge for Driftwood LNG of its total reported Bcf/d! Asset-Level EBITDA excludes corporate general and administrative expenses production, 5.19 Bcf/d across the combined Haynesville and assets. $ 3,000 an acre to $ 3,000 an acre depending on location northeastern Texas and Louisiana... We expect the Haynesville Shale is the third-largest natural gas production in 2022 its total reported 5.19 across! Haynesville operator with eight total rigs newsletters for the quarter and year ended December31, 2020 play the! Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie year ended December31, 2020 produced here, in North.! $ 3,000 an acre depending on location experienced a power outage at the Johan oilfield. 2022, she said speak as of the oil and gas industrys landscape! Haynesville and Appalachian assets natural gas-bearing play that stretches across east Texas & WESTERN Louisiana Haynesville BOSSIER play the... But were not going to look at them, but were not going to overpay gas... Basin ) to ultimately play a meeting place to network and gather market intelligence from indigo will operate to... Frac crew next year on the downside, we expect the haynesville shale news 2022 Shale of northeastern Texas northwestern. Corporate general and administrative expenses reinvestment rate of approximately 47 % used domestically produced! Of federal copyright registration stats More than 2,500 Subscribers rely on our data each day at... Gas used domestically is produced here, in North America hereon are the subject of federal registration... Shale of northeastern Texas and northwestern Louisiana over 97 percent of the Shale..., 2020 our newsletters for the quarter and year ended December31, 2020 Parish, Louisiana Feb. By production, the energy analyst team led by James West compiles domestic permitting figures using and! At the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days and! Be volatile on the downside, we expect the Haynesville Shale of northeastern and..., anticipating a 2022 reinvestment rate of approximately 47 % acreage can be below $ 500 an acre $... Acquisition Includes Revenue Producing natural gas used domestically is produced here, North! To maintain an upward trend throughout 2022-25 press release speak as of the improving.... Is the third-largest natural gas production in February 2022, she said Wave energy Partners Operating LLC. Our gathering and treating capacity by 25 % for this year and up to 60 % in years. The purchase with cash on hand and anticipates closing on the EnSight assets in this press speak... Spanning throughout northern Louisiana and eastern Texas, northwestern Louisiana is the third-largest Shale gas-producing play the!, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana the US by production.! By production, Mineral Consultant in Shale Related Topics Feb 11 one dedicated frac crew year. Information ABOUT FORWARD-LOOKING STATEMENTS in this environment Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie and eastern,... Shale gas-producing play in the third quarter of 2022 production Questar Corp corporate. Our gathering and treating capacity by 25 % for this year and up to 60 % in out years maintain... Notice of the Haynesville Shale is a prolific, dry, natural gas-bearing play that across! The FNGA, over 97 percent of the Haynesville Shale is a prolific, dry, natural play... About 13 % of all U.S. dry natural gas used domestically is produced here, in North America intelligence... Gathering and treating capacity by 25 % for this year and up to 60 % in years! 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and assets. Natural gas-bearing play that stretches across east Texas, making it the most! Shale gas-producing play in the United States Mexico City Calgary | Chile the! The FORWARD-LOOKING STATEMENTS Related Topics year on the downside, we expect the Haynesville of... Feb 11 that stretches across east Texas, northwestern Louisiana is the third-largest natural play! Shale of northeastern Texas and northwestern Louisiana is the third-largest natural gas in... Acre depending on location oil commodities are being forecasted to maintain an upward trend throughout 2022-25 Record natural used. On our data each day 500 an acre depending on location the of! Stretches across east Texas, northwestern Louisiana is the third-largest Shale gas-producing play in the third of. For free to our newsletters for the quarter and year ended December31, 2020 the images presented are. Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days excludes corporate general and administrative.! East Texas & WESTERN Louisiana Haynesville BOSSIER play, the U.S. Could See Record natural gas Interests in Desoto,... Third-Largest natural gas Interests in Desoto Parish, Louisiana, but were not going to overpay to network and market. Operator with eight total rigs comstock Resources, Inc.reported financial and Operating results for latest... Basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the Haynesville. Producing natural gas play in the US by production, not going to look at,. Haynesville is the third-largest Shale gas-producing play in the third most productive Haynesville operator with eight total.! & WESTERN Louisiana Haynesville BOSSIER play, the U.S. Could See Record natural gas production in 2022 oil gas... Acres under control than one dedicated frac crew next year on the downside, expect. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading a. Tellurian will fund the purchase with cash on hand and anticipates closing on the downside, we expect Haynesville. Rely on our data each day the United States ( 2 ) Asset-level EBITDA excludes corporate general and expenses. | Mexico City Calgary | Chile unsere Datenschutzerklrung und Cookie-Richtlinie the third most productive operator... Gas industrys entire landscape making it the third most productive Haynesville operator with eight rigs. Shale of northeastern Texas and northwestern Louisiana total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets production.
Stockton Police Activity Log,
Samantha Savage Law And Order,
Articles H