Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. This STOCK U.S. LNG Export Map is Available for License Coverage includes US onshore and Gulf of Mexico. 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. The company reported 334,716 boe/d in first half 2022 production from the Haynesville, comparable to the total 887,668 boe/d produced by the company across all its assets, according to Enverus data. Rextag database of energy infrastructure assets. Favorable geologic composition for Hydraulic fracturing,recompletions and refracs of existing horizontal wells. 2023 Shale Experts, All rights reserved. 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. The effective date of the transaction is August 1, 2022. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. (Click here to inquire). Reproduction in whole or in part, in any form or medium without express written permission is prohibited. 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. FRISCO, TX, Feb. 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - 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 . Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. Jul 13, 2022 The planned Driftwood LNG facility will be capable of producing up to 27.6 million tons of liquefied natural gas a year. . Already have an account ? Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. Our analysis visualizes several different scenarios that the system may face over the coming years. 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. In the first 6 months of this year, fewer than 4 thousand horizontal wells came online in all the US shale basins, the lowest number . That project, which Energy Transfer gained via its acquisition of Enable Midstream in December 2021, is backed by a 20-year agreement with the $10 billion Golden Pass LNG export plant now under construction in Texas by QatarEnergy (70%) and Exxon Mobil (30%) . Analysts from J.P. Morgan found in its September JPM Natural Gas Reservoir report a 54% increase in Haynesville rig activity from the 46 average count in 2021 to 71 in the first half of 2022. ", (source: U.S. Energy Information Administration), (Source: EIA, based on data from CME Group as compiled by Bloomberg, L.P., and Baker Hughes Company). Shreveport, Louisiana, United States . Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Prices for top E&P stocks and commodities. For the year, the company plans to turn 52 wells in line, followed by 10 new producers in the first quarter of 2021, says Sr. VP of Finance and Investor Relations Emily Newport. Meanwhile, for self-described contrarianKimbell Royalty PartnersLP, its I told you so time, as a once-derided $445-million investment harvests the dividends of a projected 50% increase in gas prices over the next year. 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. Comstock Resources, Inc.reported financial and operating results for the quarter and year ended December31, 2020. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions PHX has added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. This transaction grows our 2023 estimated natural gas production by ~30%, increases upstream asset-level EBITDA by ~25%, and expands upon our existing platform., TPC President John Howie added, We have been diligently growing our natural gas production and reserves in the Haynesville. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. Around 40% of total commitments in the basin were announced in 2022, suggesting gathering momentum. 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 . The January increase made, Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.s Plaquemines LNG export facility. 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. For more information, please visit www.tellurianinc.com. Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. Encased by the Cotton Valley Group (sandstone) above and the Smackover Formation (limestone) below, true vertical depths range between 10,000 to 14,000 feet. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. Executive Network Partnering Corporation,Granite Ridge Resources Inc. Grey Rock, ENPC Ink $1.3B Business Combination; Form Granite Ridge Resources, PHX Minerals Adds to Haynesville Royalty Acreage in $4.3MM Deal, Diversified Energy Bolts On Producing East TX Assets for $50 Million, PHX Minerals Picks Up Royalty Acreage in the Haynesville, Bossier, Pine Wave Sells Producing Haynesville Assets to PE-Backed Firm, PHX Minerals Inks $5.8MM Deal for Haynesville Royalty Assets, Paloma Partners to Acquire Goodrich for $480 Million; Take Company Private, Oaktree Capital Management,Diversified Energy Company plc, Diversified Energy, Oaktree Sells Haynesville Interest for $72.8MM, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. A surprise standout in the EIA's report was Florida. Panola Rockcliff Energy Operating LLC. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. Verde Bio Holdings, Inc., a growing oil and gas company, has entered into an agreement to acquire revenue producing natural gas interests in the prolific Haynesville Shale of Northern. 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. Historical Data View and export this data back to 2007. As one of the safest and cleanest fuels available, it has become the fuel of choice for American homes and industries. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning, Comstock Resources Inc. spent 2022 shoring up its western Haynesville acreage that could provide a lot of potential in the independents long-term strategy to supply a surge LNG growth on the Gulf Coast, said CEO Jay Allison. 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. We are very excited to see the forecasted improvement in natural gas prices, both in the fourth quarter of 2020 and full-year 2021, based on the futures curve.. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. 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. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 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. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. U. S. Energy Information Administration | Drilling Productivity R eport barrels/day 0 400 800 1,200 1,600 2,000 2,400 2013 2014 2015 2016 2017 2018 2019 2020 2021 . 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. Stay in touch with our Daily Email Newsletter. Report an Issue | Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions Lower 48 permits often are issued three to six months, Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should grow to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. 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. 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 For Haynesville producers, current prices offer a generous margin to sustain future growth. 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. All material subject to strictly enforced copyright laws. Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. 2023 Shale Experts, All rights reserved. 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 Basic Info Haynesville Region Rig Count is at a current level of 72, down from 73 last month and up from 56 one year ago. HOUSTON--(BUSINESS WIRE)-- 2021 Tellurian Inc. All Rights Reserved. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 5 min read This article was originally published on ETFTrends.com. 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. Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition 2022 Pipeline & Gas Journal, 2022 Gulf Publishing Holdings LLC. Last reply by Gayila B Feb 16. Our Business . Started by Skip Peel - Mineral Consultant in Shale Related Topics. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. GMX Resources Goodrich Petroleum Indigo Minerals JW Operating Memorial Resource Dev. 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 Dry gas is a pure gas well as seen in Haynesville, Marcellus, Utica, and Fayetteville, as opposed to wet gas, or associated gas, as seen in oil rich basins like the Permian and DJ basins . 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? Recent gas pipeline scrapes are running ahead of expectations, reaching record highs of ~99.3 Bcf/d in September, with MTD gas production estimated at 98.7 Bcf/d, which compares to the August average of 97.7 Bcf/d and the September 2021 average of 92.7 Bcf/d, the analysts stated. matthew.phillips@tellurianinc.com. 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. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. 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. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Tellurian Production, Revenues Soar in Q4 as Driftwood LNG Remains on Track, Inside Comstocks North Houston Western Haynesville, Williams, Chevron Agree to Natural Gas Production Projects in Haynesville and GoM, A&D Minute: Chesapeake's Eagle Ford Divestiture with a Twist [WATCH], WhiteHawk Picks Up Haynesville Mineral, Royalty Interests in $105 Million Deal, Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets, Tokyo Gas' TG Natural Nears $4.6B Deal to Buy Haynesville's Rockcliff. Were going to look at them, but were not going to overpay. According to Platts Analytics, the ongoing midstream buildout from the Haynesville is helping to debottleneck producer access to the Gulf Coast export market, making it strategically placed to supply exporters. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy According to GlobalData, natural gas production in the Haynesville shale is projected to grow at CAGR of 3% during 2021-25. Started by JAMES SMITH in Shale Related Topics. The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. So far this year, the Haynesville formation in Northwest Louisiana and East Texas has had four deals totaling $1.65 billion, according to Andrew Dittmar, director at Enverus. Chesapeake Energy Corp. is palliating its exploration and production operations in the Marcellus and Haynesville shale plays while also aiming to make an exit from the Eagle Ford Shale in 2023 due to natural gas prices that have fallen below USD 2.00/MMBtu at a number of pricing centres across the United States. All rights reserved. The region is forecast to account for about 21% of the country's gas production in 2035, compared to 13% in 2020. Alternative energy deals make their mark as sector dominates 2022 M&A . Richardson, TX 75081. Dec 18, 2020, 10:00 AM CST Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 22. All rights reserved. These 3D oil and gas graphics are from many projects we have created up to this point. Owing largely to prices, offset frac activity, and widespread inland power outages resulting from Hurricane Laura in late August, Comstock shut-in 7% of third-quarter production. (1) Management estimate of EnSight June 2022 average sales volumes of target assets. Operating three rigs and two completion . Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. 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. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . 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. By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. $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. Sie knnen Ihre Einstellungen jederzeit ndern. 2023 Natural Gas Intelligence. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . 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. The preliminary agreement with Sempra Infrastructure is designed to increase global access to low-carbon Haynesville natural gas via Williams wellhead-to-water strategy, the company said. The region is forecast to account for about 21% of the countrys gas production in 2035, compared to 13% in 2020. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. In addition to its overall size, the Haynesville is known for its high porosities. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Underground Construction Technology Conference, Pipeline Capacity Growth Fuels Record Haynesville Gas Production, New Fortress Plans to Start Producing LNG at Altamira, Mexico in July, Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million, Sempra Beats Profit Estimates on Higher Earnings from California Units, French Court Dismisses Lawsuit Against TotalEnergies Over Uganda Pipeline Project, Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop, Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project, Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill, 416-Mile Coastal GasLink Pipeline Project Nears Completion, US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress, Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price, Methane Emissions Problem Requires Better Monitoring, Phillips 66 to Buy Pipeline Operator DCP Midstream, Lithuania-Latvia Gas Pipeline Rocked by Explosion, 250 People Evacuated, Mexico's Pemex Destroyed Resources Worth $342 Million from Two Top Gas Fields, Editors Notebook: Big Early Win for Northwest Capacity. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 11. According to the FNGA, over 97 percent of the natural gas used domestically is produced here, in North America. The Haynesville Shale (also known as the Haynesville/Bossier) is a black organic-rich shale formation with an average thickness of 250 feet. Petrohawk Pine Wave Energy Partners Operating, LLC Plains Exploration & Production Questar Corp. Range Resources Total production. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve.
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