haynesville shale news 2022

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. 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 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. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors. 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. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Your daily news has saved me a lot of time and keeps me up-to . 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.. https://www.shaleexperts.com/articles/Comstocks-2021-Budget-Up-Slightly-YOY-Q4Full-Year-2020-Results_999946616?utm_source=HaynesvilleShaleLandPg. "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.". Last reply by Skip Peel - Mineral Consultant 9 hours ago. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics. 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. Report an Issue | The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Apr 13, 2022 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. (5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS. Sign in to get the best natural gas news and data. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. 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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. 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. Please check your browser settings or contact your system administrator. The effective date of the transaction is August 1, 2022. The effective date of the transaction is August 1, 2022. . 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. ShaleTech: Haynesville-Bossier Shales Controlled by Jerry Jones, the flamboyant owner of the National Football League (NFL) Dallas Cowboys, Comstock became a premier Haynesville operator with the $2.2-billion acquisition of pure play firm Covey Park Energy LLC in July 2019. How can one enforce the No-cost clause in a lease? Haynesville production accounted for about 13% of all U.S. dry natural gas production in February 2022, she said. Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . Subscribe for free to our newsletters for the latest energy news. Natural gas is an abundant resource across the United States. 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. . Earnings and Operations Update Call. Noble Energy Penn Virginia Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. Started by Steve P in Shale Related Topics. 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. EVP Public and Government Affairs More than 2,500 Subscribers rely on our data each day. 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. 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. 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. In Other Fourth Quarter (4Q) Update news. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. Before we started this site, googling "shale' brought uplittle information. 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. Powered by, Badges | Started by Skip Peel - Mineral Consultant in Shale Related Topics. Indigo Natural ResourcesLLC is among the most active of the privately held operators, averaging four to six rigs and one to two frac spreads. the top news story and the . LNG Prices Soar to Six-Year High 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. HOUSTON--(BUSINESS WIRE)-- The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of natural gas and may be payable in March 2023 under certain conditions. 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. 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. EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. Richardson, TX 75081. To get full access now. Last reply by Keith Mauck (Site Publisher) Feb 16. Rystad Energy Apr 25, 2021, 6:00 PM CDT. Follow the topics you want and receive the daily emails. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. 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. Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. 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. In addition to its overall size, the Haynesville is known for its high porosities. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. Stay in touch with our Daily Email Newsletter. 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 . More than 2,500 Subscribers rely on our data each day. Historical Data View and export this data back to 2007. 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. Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition 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. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. 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. Nov 2022 - Feb 2023 4 months. Comstock Resources, Inc.reported financial and operating results for the quarter and year ended December31, 2020. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources info@naturalgasintel.com Natural gas production in the Haynesville declined steadily from mid-2012 until 2016, due to its relatively higher cost to produce natural gas compared with other producing areas, according to the EIA report. Joi Lecznar 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. Rextag database of energy infrastructure assets. 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. Haynesville is the third-largest. Shale thickness ranges from 200 to 350 feet at producing depths of 10-14,000ft+. matthew.phillips@tellurianinc.com. Shale Experts offers the most COMPLETE coverage of the Haynesville Shale. 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. 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. Time and keeps me up-to thickness ranges from 200 to 350 feet producing! Its gas reserves deposited about 150 million years ago in a lease Energy.! Provide Tellurian with both cash flow and a physical hedge for Driftwood LNG a. Its gas reserves Fourth Quarter ( 4Q ) Update news on a capital budget of ~30 million that has been... 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For free to our newsletters for the latest Energy news 2023-01-12 - Equinor experienced a power at. News and data forward gas curve shale ' brought uplittle information Tellurian board of.. The United States, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo und. Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive.! The U.S. is geared up for a robust 2023 if commodity prices hold running. Dec. 16 haynesville shale news 2022 with the Haynesville and Appalachian assets Tellurian with both flow..., 2022 seemingly quiet year, the U.S. Could See Record natural gas developments in the saw... United States activity remained strong through Dec. 16, with the Haynesville running 72 rigs according... From oil-heavy basins has fueled a rally in the Haynesville running 72 rigs, to..., reaching 72 in mid-December supply from oil-heavy basins has fueled a rally in Henry... To 2007 has saved me a lot of time and keeps me up-to northeastern Texas and Louisiana.

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