Monday, April 17, 2017

Monday, April 17, 2017 -- The Haynesville: Hyperdrive

Active rigs:

Active Rigs512993186185

RBN Energy: update on Haynesville natural gas shale play. Data points:
  • straddles the northeast Texas-Louisiana border; back in the news
    • 9,000 square miles of surface area -- extends up to southwest Arkansas
    • reserves: 75 trillion cubic feet BUT last Thursday, USGS upped the reserve estimates:
    • 304 tcf of natural gas; 1.9 billion bbls of crude oil -- recovery rate unknown
    • rig counts have doubled in the past six months
    • rig counts up more than 200% in last 12 months 
    • concentrated in two counties: De Soto Parish, LA; and, San Augustine County, TX
  • Exco Resources: divesting Eagle Ford assets to concentrate on Haynesville
  • "perpetual has-been status"? not likely
    • natural gas at $3
    • improving technologies
    • LNG export demand ramping up
    • location, location, location
Scott Adams: how to structure a deal with North Korea.

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