Last reply by O & G Professional Feb 16. 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. There has been some confusion in whether the . Discussing the Austin Chalk, Haynesville Shale, Terryville Complex, Tuscaloosa Shale & Lower Smackover Brown Dense plays. Western Haynesville Play (Texas) - Robertson, Leon, and Freestone Counties, Royalty Interest-Bossier Parish, LA Make offer, COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS, U.S. gas producers skimped on price hedges and now face a reckoning, RBN's Five-Year Natural Gas Market Outlook, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Black Stone Minerals: Hedges And Shelby Trough To Power Upside. We've increased our gathering and treating capacity by 25% for this year and up to 60% in out years.. Coterra Energy Q4, Full Year 2022 Results; 2023 Plans; PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. For Haynesville producers, current prices offer a generous margin to sustain future growth. The Haynesvilles close proximity to existing infrastructureincluding an extensive pipeline system, processing plants and Gulf Coast LNG export terminals makes the play an attractive operating environment with efficient cycle times from drilling to sales. Your daily news has saved me a lot of time and keeps me up-to . Our well-timed Haynesville acquisition [Indigo Natural Resources, GEP Haynesville] positioned us as the largest Haynesville producer, giving us scaled production and reserves near the LNG corridor and other growing gas demand centers along the Gulf Coast, president and CEO Bill Way said in Southwesterns third-quarter 2022 earnings call. Last reply by Skip Peel - Mineral Consultant 9 hours ago. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. Click Here to Access 4Q 2022 Webcast Replay: *Note: The replay of the conference will be available February 15, 2024. Total production. Williams Cos. (NYSE: WMB) sees the Haynesville Shale as a major source of growth from a gathering perspective and as a corridor to transport certified gas to LNG exporters seeking lower. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. But indications are that the third-largest producing gas shale in the U.S. is geared up for a robust 2023 if commodity prices hold. matthew.phillips@tellurianinc.com. 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. 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, Future and current Drilling Plans in , as of 03-02-2023, Intent To Drill/Drilling Permits for , as of 03-02-2023, 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. Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. 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. GMX Resources Goodrich Petroleum Indigo Minerals JW Operating Memorial Resource Dev. 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. Indigo Natural ResourcesLLC is among the most active of the privately held operators, averaging four to six rigs and one to two frac spreads. 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. 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. 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. Merced Capitalhas retained Detring Energy Advisors to market for sale itsdiversified non-operated wellbore-only producing assetslocated across six of the most prominent basins across the Lower 48. "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.". 2023 Natural Gas Intelligence. Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. 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. New York Haynesville gas production is surging into the new year, climbing to its highest in nearly eight months, as operators there respond to a bullish outlook for the basins strategically located supply. 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. 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. 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. The Surveys new estimate was 304 Tcf of recoverable natural gas for the combined Haynesville and Bossier formations that fattened up its prior estimate by a whopping factor of five. Need to explain enhanced oil recovery, stacked pay or oil investments in unconventional oil? 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. 2023-02-10 - Data on treated produced water can help the industry find more uses for the water that comes out of the reservoir during production. Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. US tight oil production was flat m-o-m in June, at 7.3 million b/d (after upcoming revisions). Earnings and Operations Update Call. 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. 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 is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. 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. EVP Public and Government Affairs 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. Haynesville is the third-largest shale gas-producing play in the United States. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. The Haynesville/Bossier Shale, located in East Texas (Railroad Commission of Texas District 6) and Western Louisiana, is a hydrocarbon-producing geological formation capable of producing large amounts of gas. Unauthorized distribution, transmission or republication strictly prohibited. Click here to Upgrade And Get Immediate Access. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. Follow the topics you want and receive the daily emails. Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. 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. Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. A searchable database of oil and gas debt and equity offerings. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. Last reply by Hale Yayuh Feb 14. 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.". 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. By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. 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. Our Business . All rights reserved. Long known to contain natural gas, the Haynesville was originally considered to be a source rock and not a gas bearing reservoir because of its tight-rock system and lower permeability. Certainly nothing that was useful as we negotiated a lease. 2023 Hart Energy. Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. This event is the meeting place to network and gather market intelligence from . 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. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. HOUSTON (P&GJ) Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on expanded pipeline takeaway capacity and higher demand, a new U.S. Energy Information Administration (EIA) report revealed Wednesday. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. PHXhas added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. Started by M B Gilster in Shale Related Topics. 1.800.427.5747 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. In addition to its overall size, the Haynesville is known for its high porosities. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. 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