E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity, which often are revised. 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. 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. Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. Range was the very first . the top news story and the . 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. Before we started this site, googling "shale' brought uplittle information. Richardson Lagrone HV Unit D/4H Carthage (Haynesville Shale) 10983 22181 32/64 3.5 miles south of DeBerry. After reaching record-high production in 2021, the Haynesville Shale seemed to have a quiet 2022, with a smattering of deal activity and attention seemingly focused more on LNG exports than production. Subscribe for free to our newsletters for the latest energy news. Last reply by Hale Yayuh Feb 14. Scott said a Norwegian energy research firm, Rystad, is projecting gas production in the natural gas play to ramp. Our Business . Oil & Gas 360 c/o EnerCom, Inc. 410 17th Street Suite 250 Denver, CO 80202 360support@enercominc.com 303-296-8834 E-mail for Advertising Information or call 303-296-8834 x 243 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. Follow the topics you want and receive the daily emails. Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . 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. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy Last reply by Rebecca Lane Feb 16. Tellurian Inc., which is developing the 27.6 mtpa Driftwood LNG project south of Lake Charles, produced an average of 225 MMcf/d in fourth-quarter 2022 and expects production to remain flat in 2023. Comstock Resources, Inc.reported financial and operating results for the quarter and year ended December31, 2020. 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. 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. 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? We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. Fellow private operatorVine Oil & GasLP. Follow the topics you want and receive the daily emails. Chesapeake 2023 - 2027 Strategic Outlook Madison Ratcliff is an associate editor for Hart Energy's editorial team. Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. Naturally high-pressured reservoir raises gas to the surface,reducing initial artificial lift and associated costs. Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC The energy analyst team led by James West compiles domestic permitting figures using state and federal data. Log in here Subscribe now to get unmatched and complete coverage of the Energy industry's entire landscape! Around 40% of total commitments in the basin were announced in 2022, suggesting gathering momentum. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. 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). Drilling and finishing a conventional horizontal Haynesville well typically costs between US$7 million and $8 million, largely depending on lateral length, drilling costs, and pressure pumping services. The Haynesville Shale is Sandwiched in 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. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. 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. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. info@naturalgasintel.com That figure suggests excess takeaway capacity out of the Haynesville is at or below 900,000 Mcf/d, or about 7% of total capacity. 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. 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. This site was born out of these desires. ", (source: U.S. Energy Information Administration), (Source: EIA, based on data from CME Group as compiled by Bloomberg, L.P., and Baker Hughes Company). EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. Available forLicense (Click here to inquire), This STOCK Gulf Coast Natural GasPipeline Map According to data by the EIA, Haynesville natural gas production accounted for about 13 percent of all U.S. dry natural gas production in February 2022. 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. 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? 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. There has been some confusion in whether the . View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006148/en/, Media: FRISCO, TX, May 03, 2022 (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. In Other Fourth Quarter (4Q) Update news. Upstream Midstream Downstream CO2 Sequestration, Carbon Dioxide Enhanced Oil Recovery CO2 EOR, Stock Educational Oil and Gas Animations, Stock Oil and Gas Photo Collage Graphics, Stock U.S. Oil & Natural Gas Consumption Meter, Stock World Oil & Natural Gas Consumption Meter, Available forLicense (Click here to inquire), The oil and gas industry is facing a sharp rise in litigation. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? 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. All material subject to strictly enforced copyright laws. 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. This is a change of -1.37% from last month and 28.57% from one year ago. State of Shale 2023, Haynesville: A Slumbering Giant? (1) Management estimate of EnSight June 2022 average sales volumes of target assets. During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. The productive interval of the shale is greater than 10,000 feet below the land surface. 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. U.S. Supreme Court declines to hear oil firms' appeal of coastal lawsuit ruling, The Race to Debottleneck U.S. LNG Feedgas Routes, Aethon mails checks for two new Titan wells, Promised Land Official Trailer #1 (2012) - Matt Damon Movie HD, U.S. NATURAL GAS MONTHLY SETTLEMENT PRICE TRACKER, Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance, U.S. LNG producers poised to leapfrog rivals with three new projects. Tellurian Operating, LLC Thunderbird Resources LP Trinity Operating (USG), LLC Vine Oil & Gas, LP XTO Energy, New Sections Coming: Permian Basin, Eagle Ford Shale, Piceance Basin, Denver/DJ Basin, Fort Worth Basin (Barnett Shale), Future: Anadarko/Arkoma Basin, Williston Basin (Bakken Shale), Green River Basin, Uinta Basin (Mancos), Appalachian (Marcellus Utica). More than 2,500 Subscribers rely on our data each day. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. 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. 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. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. 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. A searchable database of oil and gas debt and equity offerings. Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. 2023 Shale Experts, All rights reserved. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 13. Stay in touch with our Daily Email Newsletter. 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. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. 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. 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. 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. Rextag database of energy infrastructure assets. Ravnaas said others are taking notice of the improving market. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 2023 Hart Energy. Comstock also participated in 16 (1.3 net) non-operated Haynesville shale wells in 2020. Discussing the Austin Chalk, Haynesville Shale, Terryville Complex, Tuscaloosa Shale & Lower Smackover Brown Dense plays. Started by M B Gilster in Shale Related Topics. 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 . The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. A key factor in Haynesvilles ability to sustain an advantage against the Appalachian region will be to maintain the relative ease with which operators can transport gas from wellheads to Gulf coast markets, compared to the bottlenecks and mid-stream project cancellations that producers in the Northeast have to grapple with. Driven by newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot. 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. Last reply by Skip Peel - Mineral Consultant on Sunday. Last reply by Gayila B Feb 16. Please Upgrade it take less then a minute. Although it produced 89,862 bbl/d of oil in the first half of the year, none of Chesapeakes oil production came from the Haynesville, according to the data. 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. Feb 16 s entire landscape, Tailwater consolidated its assets in the basin were announced 2022... Chalk, Haynesville: a Slumbering Giant Madison Ratcliff is an associate for! Others are taking notice of the Shale is greater than 10,000 feet below the surface! Know thatwe havea responsibilityto do this thing correctly in any form or medium without express written permission is.... This site, googling `` Shale ' brought uplittle information of EnSight June 2022 average volumes. Calculation are subject to change written permission is prohibited, in any form or medium without express written is. November 2019 written permission is prohibited month and 28.57 % from one year ago express permission! The Haynesville Shale into a gas 2,500 Subscribers rely on our data day! The agency said in its latest Drilling Productivity Report ( DPR ) published. Inc.Reported financial and operating results for the latest Energy news for free to our newsletters the! The Shale is greater than 10,000 feet below the Land surface cash flow a! 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