RBN Energy: update on Haynesville natural gas play.
For the first time in six years, pipeline flow data show that natural gas production from Louisiana’s Haynesville Shale is rising. Additionally, rig counts and producers’ plans suggest more growth is on the way. Is the play poised to create a whole new crop of Bayou Billionaires? Or is this a head fake that will only make us long for days of Haynesville past. Well, it depends. Because even though the Haynesville basin is looking up, it still faces some formidable challenges, from its geology to competition from other supply regions. Today, we continue our look at Haynesville’s prospects.