Friday, January 11, 2019

Haynesville -- Keeping Louisiana Great -- January 11, 2019

Link here.

Hubbert's peak oil theory?  Another nail in that coffin. Wasn't the Haynesville old and dying? Yeah, I know -- Hubbert -- it was oil ...


From the linked article:
Gas production in the state of Louisiana in the southern U.S. will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play.
Data points:
  • the Haynesville Shale alone was able to add 1.85 billion cubic feet per day of gross gas production (Bcfd) between the fourth quarter 2016 and the fourth quarter 2017
  • another 1.3 Bcfd was added last year. Production needs to increase by another 700 million cubic feet per day (MMcfd) in order to reach new all-time highs.
  • “We conclude that Haynesville Shale’s revival, for the second year in a row, looks sustainable. Supported by its proximity to a new LNG export terminal, gas production will continue to grow, and achieving new all-time high gas production levels should happen within a matter of months,” Rystad Energy

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