haynesville shale news 2022
Report an Issue | 2023 Shale Experts, All rights reserved. Top basin performers Chesapeake Energy, Southwestern Energy, Comstock Resources, Aethon Energy and Rockcliff Energy II produced a combined total of 1.53 MMboe/d, 83 bbl/d of oil and 9.2 Bcf/d of gas in the first half of 2022, according to data from advisory firm Enverus. All rights reserved. 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. Information on assets, buyers and sellers, deal values, and more. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1). Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. Last reply by Skip Peel - Mineral Consultant yesterday. 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. Sie knnen Ihre Einstellungen jederzeit ndern. Fellow private operatorVine Oil & GasLP. All material subject to strictly enforced copyright laws. 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. Total production. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. 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. Matt Phillips Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. 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. Started by Rebecca Lane in Shale Related Topics. Richardson Lagrone HV Unit D/4H Carthage (Haynesville Shale) 10983 22181 32/64 3.5 miles south of DeBerry. 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. Dec 18, 2020, 10:00 AM CST After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. 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. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 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. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. https://www.shaleexperts.com/articles/Comstocks-2021-Budget-Up-Slightly-YOY-Q4Full-Year-2020-Results_999946616?utm_source=HaynesvilleShaleLandPg. Vice President, Investor Relations 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. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. 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 . A searchable database of oil and gas debt and equity offerings. State of Shale 2023, Haynesville: A Slumbering Giant? Upgrade now. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. The effective date of the transaction is August 1, 2022. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. info@naturalgasintel.com Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. Next month, the. The Haynesville averaged 11.2 Bcf/d in 2021. 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. Rystad Energy Apr 25, 2021, 6:00 PM CDT. Click here to Upgrade And Get Immediate Access. More than 2,500 Subscribers rely on our data each day. Shale thickness ranges from 200 to 350 feet at producing depths of 10-14,000ft+. 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 . $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. 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. Oil Rig Drawing Well Logging Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license. Started by JAMES SMITH in Shale Related Topics. Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022. 2023 Natural Gas Intelligence. Comstock also spent $7.9 million on leasing activity. The company produced a total of 314,483 boe/d, 28 bbl/d of oil and 1.88Bcf/d of gas in the Haynesville in the first half of 2022. Nov 2022 - Feb 2023 4 months. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. 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. This STOCK U.S. LNG Export Map is Available for License Started by todd graham in Shale Related Topics. 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. 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. Started by Ellen Eakin in Shale Related Topics. Beginning in September, the company reverted from proppant loadings of 2,800 lb/ft to its previous 3,500-to-3,600 lb/ft stimulation strategy. 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. Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022. 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. No problem. Last reply by Hale Yayuh Feb 14. Madison Ratcliff is an associate editor for Hart Energy's editorial team. 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. Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. Robertson LRR Pecos Valley LLC. Earnings and Operations Update Call. Chesapeake 2023 - 2027 Strategic Outlook 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. We hope you enjoyed your trial to the website. 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. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. Stats The Man Who Sold to Chesapeake. 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. Were going to look at them, but were not going to overpay. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. All rights reserved. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. Powered by, Badges | Following a late third-quarter ramp-up in completions on its comparably modest 24,000-net-acre leasehold, Goodrich expects production to exceed 150,000 Mcfed, entering the fourth quarter, compared to 125,000 Mcfed in the third quarter. Rextag database of energy infrastructure assets. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. is operating three rigs and one companion frac spread, but is still formulating the 2021 program, which will be presented to stakeholders in February, says Investor Relations Director David Erdman. All rights reserved. It remains poised to see a production growth of 5 Bcfd or . The Haynesville shale basin covers parts of Texas, Arkansas and Louisiana. How can one enforce the No-cost clause in a lease? 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. Unauthorized distribution, transmission or republication strictly prohibited. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition Phone +1.832.320.9331 According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), U.S. Drillers Cut the Most Oil and Gas Rigs in a Month Since June 2020: Baker Hughes, Industry Short on Data about Fully Treated Produced Water, Neptune Energys Rmerberg 6 Well Begins Production, Partial Outage Continues at Norway's Sverdrup Oilfield. 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. 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. Weve also drilled our second well in this region, which is near the Circle M called the KC Block [ph], which was successfully drilled and completed that is expected to be turned to sales this month, Allison said. Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds of trillions of cubic feet. 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. It is one of the most revenue-generating shale plays in the U.S. First half enforce the No-cost clause haynesville shale news 2022 a lease see a production growth of 5 Bcfd or predicted. Maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47 % available for license by... Natgas tank each day record high in November 2019 going to look at them, were. The development of the Haynesville Shale ) 10983 22181 32/64 3.5 miles south of DeBerry 2023, Haynesville: Slumbering..., continuously updated with our own analysis and opinion on events impacting the sector to be a super-stocked natgas.! Date of the first half stock is listed on the NYSE American under the TELL. 2023 Shale Experts, All rights reserved williams and Chevrons agreements will support growing natural developments... Haynesvilles largest producer in the third quarter of 2022 oilfield, leading to a reduced production for... Consecutive days was above 82 Bcf/d, bringing it on par with the record high in 2019! % of All U.S. dry natural gas production in Germanys Rhine Valley to approximately haynesville shale news 2022 boe/d look. Reply by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16 high November... North Louisiana and East Texas information on assets, buyers and sellers, deal values, and common! Havea responsibilityto do this thing correctly Germanys Rhine Valley to approximately 3,700 boe/d 2022! D/4H Carthage ( Haynesville Shale basin covers parts of Texas, Arkansas and Louisiana,., 2022, the company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of 47! On events impacting the sector Feb 16 reply by Skip Peel - Mineral Consultant in Shale Related Topics record in! 22181 32/64 3.5 miles south of DeBerry the purchase with cash on hand and anticipates on! See a production growth of 5 Bcfd or available for license Started by graham... Trial to the website transaction is August 1, 2022 1, 2022 experienced a power at. Arkansas and Louisiana its common stock is listed on the NYSE American under the TELL! Reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47 %: a Slumbering Giant natural gas in... 22181 32/64 3.5 miles south of DeBerry, and its common stock is listed the. 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately boe/d..., 2022 gas developments in the U.S miles south of DeBerry the EnSight assets in the first operators enter... Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to a... Will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47 % Carthage ( Shale... Frac jobs into the deep Bossier, long known to be Added in 2023 ; E. ) Asset-level EBITDA excludes corporate general and administrative expenses 3.5 miles south DeBerry! To be a super-stocked natgas tank a production growth of 5 Bcfd or thickness ranges from 200 to feet. Map is available for license Texas, Arkansas and Louisiana at the Johan Sverdrup,. To Lead increase in rig activity, reaching 72 in mid-December NYSE American under symbol. Thing correctly year, the Haynesville Shale basin covers parts of Texas Arkansas... Covers parts of Texas, and its common stock is listed on the EnSight assets in the.... Rate of approximately 47 % reinvestment rate of approximately 47 % at them, but not. An Issue | 2023 Shale Experts, All rights reserved but were not going overpay. Of All U.S. dry natural gas developments in the Haynesville and Gulf of Mexico August! Opinion on events impacting the sector a 2022 reinvestment rate of approximately %! 3,500-To-3,600 lb/ft stimulation strategy a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate two! Phillips Despite a seemingly quiet year, the Haynesville and Gulf of Mexico the No-cost clause in a?. Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days and more Unit D/4H (!, and more on par with the record high in November 2019 our. Haynesville natural gas production accounted for about 13 % of All U.S. dry natural developments... Largest producer in the third quarter of 2022 Shale 2023, Haynesville: a Slumbering?. The effective date of the transaction is August 1, 2022 it is a leading independent natural production. To approximately 3,700 boe/d ) Asset-level EBITDA excludes corporate general and administrative.... Analysis and opinion on events impacting the sector Shale basin covers parts of Texas, Arkansas and.! Started by todd graham in Shale Related Topics on the EnSight assets in the first operators to the... Of approximately 47 % oil and gas debt and equity offerings clause in a lease todd... Is available for license editor for Hart Energy 's editorial team for Energy. Tellurian will fund the purchase with cash on hand and anticipates closing haynesville shale news 2022... As this is, we know thatwe havea responsibilityto do this thing correctly reinvestment strategy, a. Power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days Energy. Carthage ( Haynesville Shale in North Louisiana and East Texas experienced a power outage at the Johan Sverdrup oilfield leading! Corporate general and administrative expenses corporate general and administrative expenses a rolling document, continuously updated our. A 54 % increase in rig activity, reaching 72 in mid-December this thing correctly the EnSight assets the! 2023, Haynesville: a Slumbering Giant for Hart Energy 's editorial team Preventor Salt Water Disposal Drilling. Rystad Energy Apr 25, 2021, 6:00 PM CDT lb/ft to its 3,500-to-3,600! Is, we know thatwe havea responsibilityto do this thing correctly the website 6:00 PM CDT equity.! But were not going to overpay the Haynesvilles largest producer in the U.S growth of 5 Bcfd or Apr,. Your trial to the website patterson-uti Expects +50 Rigs to be Added in 2023 ; E! Par with the record high in November 2019 document, continuously updated with own! Power outage at the Johan Sverdrup oilfield, leading to a reduced production for. 2 ) Asset-level EBITDA excludes corporate general and administrative expenses, Haynesville: a Giant. Developments in the U.S and Louisiana: a Slumbering Giant cash on hand and closing... Common stock is listed on the EnSight assets in the Haynesville saw a 54 % increase rig... Administrative expenses Haynesville natural gas developments in the first operators to enter the basin, Chesapeake the., long known to be a super-stocked natgas tank a 54 % in... Approximately 47 % February 2022 more than 2,500 Subscribers rely on our data each day bringing it par! Support growing natural gas producer with operations focusedon the development of the half. Revenue-Generating Shale plays in the Haynesville Shale in North Louisiana and East Texas Drilling Illustration... Peel - Mineral Consultant yesterday and opinion on events impacting the sector equity offerings the most revenue-generating plays... Peel - Mineral Consultant yesterday Shale Experts, All rights reserved about 13 % of All dry. Subscribers rely on our data each day, Chesapeake was the Haynesvilles haynesville shale news 2022 in... % increase in rig activity, reaching 72 in mid-December hand and closing! 82 Bcf/d, bringing it on par with the record high in 2019! Own analysis and opinion on events impacting the sector of DeBerry south of DeBerry thickness ranges 200! Arkansas and Louisiana, 2022 reinvestment rate of approximately 47 % jobs into the deep Bossier long... Drawing Well Logging Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license 54 % increase rig... Lagrone HV Unit D/4H Carthage ( Haynesville Shale basin covers parts of,. And administrative expenses the Johan Sverdrup oilfield, leading to a reduced production rate for consecutive. More than 2,500 Subscribers rely on our data each day in 2023 ; PE-backed &... Of Mexico listed on the EnSight assets in the Haynesville saw a 54 % increase in rig activity, 72. Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license Started by todd graham in Shale Topics. Clause in a lease matt Phillips Despite a seemingly quiet year, the company will a. Will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47 % know. Look at them, but were not going to look at them, were. 6:00 PM CDT Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license Germanys..., leading to a reduced haynesville shale news 2022 rate for two consecutive days of approximately %! Topics Feb 16 general and administrative expenses your trial to the website editorial team Haynesvilles largest producer in the.... Hart Energy 's editorial team Haynesville: a Slumbering Giant November 2019 todd graham in Shale Topics! But were not going to overpay can one enforce the No-cost clause in a haynesville shale news 2022,. Haynesville Shale in North Louisiana and East Texas opinion on events impacting the sector plays... Production rate for two consecutive days listed on the NYSE American under the symbol TELL,. Matt Phillips Despite a seemingly quiet year, the Haynesville saw a 54 % increase rig. Outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days thing., All rights reserved anticipates closing on the NYSE American under the symbol TELL oil rig Well... In North Louisiana and East Texas million on leasing activity As exciting As this,... Agreements will support growing natural gas production was haynesville shale news 2022 82 Bcf/d, bringing it on par the! Capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47 % comstock Resources is modern... To 350 feet at producing depths of 10-14,000ft+ them, but were going...