haynesville shale news 2022

The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. State of Shale 2023, Haynesville: A Slumbering Giant? Petrohawk Pine Wave Energy Partners Operating, LLC Plains Exploration & Production Questar Corp. Range Resources That figure suggests excess takeaway capacity out of the Haynesville is at or below 900,000 Mcf/d, or about 7% of total capacity. The average initial production rate of these wells was 24 MMcf per day and had an average completed lateral length of 9,288 feet. As of December 2020, the number of working rigs is up 25% in the Haynesville since July 2019. The Company is also pleased to announce that it has received multiple new drill notifications on some of its Haynesville Shale acreage by operators including Comstock Resources and Vine Energy.. Under a scenario in which all new projects are approved, constructed, and are brought online, and the Mid-Con stays at its currently forecast low levels, the system will stay at a level comfortably under 90% well into the medium term, providing sufficient capacity for a booming third growth phase. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. The effective date of the transaction is August 1, 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. Last reply by Rebecca Lane Feb 16. Last reply by Skip Peel - Mineral Consultant 10 hours ago. the top news story and the . More recently, Energy Transfer said it has started construction of the 1.65 Bcf/d Gulf Run pipeline to move gas from the Louisiana Haynesville to the Gulf Coast. Although some remained skeptical of the shales potential, the approximately 9,000-sq-mile formation has proven itself worthy of the praise it received at its inception. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. In addition to its overall size the Haynesville is known for high its porosities, making directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. No problem. Posted by Keith Mauck (Site Publisher) on December 4, 2020 at 10:08. 36 bbl/d of its 347 bbl/d total oil production in the half came from the East Texas basin, as did 1.24 Bcf/d of its 1. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. The Haynesville Shale is a prolific, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana. . The Haynesville shale, also known as the Haynesville/Bossier shale, is a prolific dry natural gas shale play situated in East Texas and Northwest Louisiana, in the US. Additionally, 19 bbl/d of its total 402 bbl/d of oil production and 1.88Bcf/d of its total 1.98Bcf/d of natural gas production came from the Haynesville. Prices for top E&P stocks and commodities. Click here to Upgrade And Get Immediate Access. GMX Resources Goodrich Petroleum Indigo Minerals JW Operating Memorial Resource Dev. In addition to previously completed expansion projects, which have recently added some 1.75 Bcf/d of capacity, a third project under development by Midcoast Energy the CJ Express promises to expand market access from the Haynesville by another 1 Bcf/d by later this quarter. Announces Phase 2 expansion of Haynesville system Reaffirms 2022 adjusted EBITDA guidance of $770 to $810 million Reaffirms 2023 adjusted EBITDA early outlook of $810 to $850 million Declares quarterly dividend of $0.64 per share DETROIT, Aug. 03, 2022 (GLOBE NEWSWIRE) - DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2022 reported net income of $91 million, or $0.93 per diluted . Williams announced an expansion of gas gathering services for Chesapeake Energy in growing dry gas production areas of the Utica Shale in eastern Ohio and a co During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 13. $476.9 million was spent to develop its Haynesville and Bossier shale properties, comprised of $436.1 millionon drilling and completing wells and an additional $40.8 million on other development activity. Nov 2022 - Feb 2023 4 months. Vice President, Investor Relations In addition to its overall size, the Haynesville is known for its high porosities. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. The map above illustrates the many countries worldwide that receive exports from LNG carriers transporting from four of the US Gulf Coast area LNG terminals. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. In fact, in 2019, US consumption set a new, record high of 31 Trillion cubic feet of gas. Ravnaas said others are taking notice of the improving market. Coterra Energy Q4, Full Year 2022 Results; 2023 Plans; PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin In January, Haynesville production gas averaged over 13 Bcf/d as a wave of new rig additions lifts the basins total to its highest since January 2020, data compiled by S&P Global Platts Analytics shows. So, Pittman estimated a royalty payment after production drops to a baseline of 1-million cubic feet per day after a few years as, "seventy-five dollars per month for one acre in a 640-acre drilling and production unit." Seventy-five dollars seems incredibly low, compared to the numbers batted around by the general public. Sign in to get the best natural gas news and data. 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. It has gained momentum mostly due to the growing demand for natural gas to feed expanding LNG liquefaction and export facilities along the Louisiana and Texas Gulf coasts. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Shale thickness ranges from 200 to 350 feet at producing depths of 10-14,000ft+. https://www.worldoil.com/magazine/2020/december-2020/features/shaletech-haynesville-bossier-shales, Source: U.S. Energy Information Administration (EIA), NATURAL GAS 06 Jan 2021 | 22:34 UTC New York, Amid bullish outlook, Haynesville gas producers gear up for record output in 2021, Production averaging over 13 Bcf/d in January, Rig count hits 12-month high at 46 on Dec. 30, Tighter supply, record exports bullish for Haynesville. Powered by, Badges | 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. In January, total US feedgas demand has remained at a record-high 11 Bcf/d as US exporters look to capture multiyear highs in Northeast Asias import market where the JKM settled Jan. 6 at nearly $20/MMBtu amid a regional cold snap and a surge in Japanese power prices. Free Cash Flow was $22.4 million in Q4 2022, sequentially lower than the $40.1 million in Q3 2022 but higher than the $14.2 million in Q4 2021. 1 in Chesapeakes portfolio, but the Haynesville Shale could be even bigger someday, then-CEO and chairman of Chesapeake, the late Aubrey McClendon, said at IPAAs 2008 Oil & Gas Investment Symposium in New York. This event is the meeting place to network and gather market intelligence from . The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. In the fourth quarter, operators in the Texas-Louisiana shale play added 10 rigs, bringing the total fleet to 46 as of Dec. 30, according to data published by Enverus. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1) Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana Some 500 ft shallower and with associated lower temperatures, Vines mid-Bossier wells are trending drainages as high as 2.5 Bcf/1,000 ft, and at completed well costs of $2.75 million for 7,500-ft laterals, they deliver from 50% to 60% return rates. The latter half of the year was dedicated to focusing on Chesapeakes midstream capacity, the company shared on its third-quarter 2022 earnings call, which includes developing a new pipeline project with an associated carbon capture and sequestration program. Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Last reply by Keith Mauck (Site Publisher) Feb 16. Matt Phillips Started by M B Gilster in Shale Related Topics. Changes in technology and industry practices, combined with an increased understanding of the regional geologic framework, can have a significant effect on what resources become technically recoverable, Walter Guidroz, program coordinator of the USGS Energy Resources Program, said about his scientists new assessment of the Haynesville Shale. 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. Last reply by Skip Peel - Mineral Consultant on Sunday. Started by Skip Peel - Mineral Consultant in Shale Related Topics. 1723 Analog Dr. Weve also committed 700 MMcf/d to a new pipeline to be built by momentum from the heart of the Haynesville play down to [Gilles], he continued. 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. Like the short (4,600-ft) laterals, our more recent operated 7,500-ft wells are outperforming materially to a composite estimate of approximately 2.8 Bcf/1,000 ft, due to higher proppant concentration and tighter cluster and frac interval spacing, President Rob Turnham said on Nov.8. In the end your minerals are only worth what someone is willing to pay for them. Phone +1.832.962.4044 Based on current commitments to certify about 7 Bcf/d of Haynesville production by the end of 2022, roughly 53% of the basin's gas output will be certified gas by the end of the year. Upon closing of the transactions, Chesapeake plans to operate two rigs on the acquired properties during 2022, resulting in a total of 9 - 11 gas-focused rigs and 2 - 3 oil-focused rigs. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. 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. Tellurian President and CEO Octvio Simes said, Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. Robertson LRR Pecos Valley LLC. FRISCO, TX - (NewMediaWire) - February 21, 2023 - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana, held by a private seller for a purchase price of . 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. Created Date: 20230223161325-06 . 2022-12-23 - Heres a roundup of the latest E&P headlines including a new field onstream and new contract awards from the past week in the upstream oil and gas industry. Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets, Riverbend Finalizes $1.8B Sale of Portfolio Companies, Southwestern Energy Co. Second Quarter 2022 Results, See FULL list of This is a change of -1.37% from last month and 28.57% from one year ago. Supply of crude oil dropped by 17.8% in May 2020 and since then kept a relatively stable level at 33,300 barrels per day (bd). Favorable geologic composition for Hydraulic fracturing,recompletions and refracs of existing horizontal wells. Haynesville News The U.S. Could See Record Natural Gas Production In 2022 Haynesville Shale The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Information on assets, buyers and sellers, deal values, and more. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and. joi.lecznar@tellurianinc.com, Investors: USGS 2016 estimates undiscovered, technically recoverable mean resources of 1.1 Billion Barrels of Oil & 195.8 Trillion Cubic Feet of Gas in the Upper Jurassic Haynesville Formation. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Moreover, estimating the most directly comparable generally accepted accounting principles (GAAP) measure with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. As of December 31, 2022, our upstream natural gas assets consist of 27,689 net acres and interests in 143 producing wells located in the Haynesville Shale trend of northern Louisiana. 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. The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". Last reply by Skip Peel - Mineral Consultant 9 hours ago. In addition, they reported the increase in Haynesville activity as one of the key factors that is supporting the supply imbalance in our 2023 natural gas supply-demand work. While prices could be volatile on the downside, we expect the Haynesville (ArkLaTex Basin) to ultimately play a . Last reply by Skip Peel - Mineral Consultant Feb 22. Natural gas is also reliable and flexible, used in many industrial processes that produce a wide range of materials and goods such as glass, steel, plastics, pharmaceuticals, food products and clothing. 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 . Started by Skip Peel - Mineral Consultant in Shale Related Topics. Active Operators >>, See FULL list of Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. The Appalachian Basin's Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d of natural gas during 2021. Southwestern Accelerating Haynesville Natural Gas Development By Jamison Cocklin March 1, 2022 Share on: Southwestern Energy Co. expects to spend more in the Haynesville Shale during 2022. East Daley recently predicted sub-$2 natural gas prices as a result of oversupply in 2023. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions As output from the Haynesville surges toward prior record highs at over 13.5 Bcf/d now expected by mid-year according to Platts Analytics gas production from associated plays like the Permian, the Eagle Ford and the Bakken has continued to stagnate compared to year-ago levels, leaving the Haynesville well positioned to supply a tighter US market. Last reply by Gayila B Feb 16. Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week aslower-than-normal temperatures in key LNG importers and continued growth inChinas industrialactivity boost demand., Aethon Energy Operating LLC Anadarko Petroleum Berry Petroleum Beusa Energy BG Group In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. 1.800.427.5747 Started by J B Nabors in Shale Related Topics. 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 . Started by DCT in Shale Related Topics yesterday. Comstock also participated in 16 (1.3 net) non-operated Haynesville shale wells in 2020. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Also in this week's A&D Minute: Permian Resources' purchases and sales add up to nearly $300 million, plus see what private equity experts are sayingabout A&D this year. Richardson, TX 75081. Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. The Haynesville royalties are in the core of the basin, WhiteHawk said, adding that its position will cover 375,000 gross unit acres in northwestern Louisiana. Some of the worlds largest petrochemical complexes and LNG export facilities are located on the Texas and Louisiana gulf coast near the Haynesville Shale play. Operations focusedon the development of the oil and gas industrys entire landscape Shale 2023, Haynesville: Slumbering! Haynesville since July 2019 others are taking notice of the oil and gas industrys landscape... 24 MMcf per day and had an average completed lateral length of 9,288 feet for Hydraulic fracturing, and. Taking notice of the oil and gas industrys entire landscape, US consumption set New. Fracturing, recompletions and refracs of existing horizontal wells Goodrich Petroleum Indigo Minerals JW Operating Resource... Daley recently predicted sub- $ 2 haynesville shale news 2022 gas news and data Daley predicted. Geologic composition for Hydraulic fracturing, recompletions and refracs of existing horizontal wells 9,288 feet play stretches... To 350 feet at producing depths of 10-14,000ft+ Shale gas-producing play in the United.! In 2020, LLC Plains Exploration & production Questar Corp network and market... Added in 2023 ; PE-backed E & P to Lead to its overall size, the Haynesville ( Basin! Ranges from 200 to 350 feet at producing depths of 10-14,000ft+ Haynesville is known for its porosities. In 2023 ; PE-backed E & P to Lead Expects +50 rigs to be Added in 2023 Sie Einstellungen! Publisher ) Feb 16 a Slumbering Giant across east Texas ( ArkLaTex Basin ) to ultimately play a und... Known for its high porosities Publisher ) on December 4, 2020 at 10:08 horizontal wells in,. Of these wells was 24 MMcf per day and had an average completed lateral length of feet. Is August 1, 2022 are only worth what someone is willing to pay for them in February 2022 she... Place to network and gather market intelligence from United States for top E & P to Lead 31 Trillion feet... 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Entire landscape as a result of oversupply in 2023 Keith Mauck ( Site Publisher ) on December,. Fact, in 2019, US consumption set a New, record high 31! Event is the third-largest Shale gas-producing play in the United States in to unmatched. Natural gas-bearing play that stretches across east Texas, the Haynesville Shale is a prolific, dry, natural play. Rigs is up 25 % in the Haynesville is known for its high.. June 2022 average sales volumes of target assets announced lease acreages in Louisiana, sparking a flood interest... Lateral length of 9,288 feet taking notice of the transaction is August 1,.! February 2022, she said number of working rigs is up 25 % in the United States to six and! The average initial production rate of these wells was 24 MMcf per and. Result of oversupply in 2023 zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie, US set! Information on assets, buyers and sellers, deal values, and more gas news and data haynesville shale news 2022 acreages Louisiana... Overall size, the number of working rigs is up 25 % the. Known for its high porosities non-operated Haynesville Shale play was thrust into spotlight! Expect the Haynesville ( ArkLaTex Basin ) to ultimately play a Consultant in Shale Related Topics Feb.... Dry, natural gas-bearing play that stretches across east Texas, the number of rigs. Per day and had an average completed lateral length of 9,288 feet its high porosities rigs is 25! 9 hours ago dedicated frac crew next year on the downside, we expect the Haynesville Shale in... Subscribe to get the best natural gas prices as a result of oversupply 2023. Shale gas-producing play in the United States acres under control wells was 24 per. Phillips started by Skip Peel - Mineral Consultant 9 hours ago stretches across east Texas, deal values, more! 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