Haynesville

Updates

November 16, 2022: Williams, Sempra partner in the Haynesville.

April 19, 2019: Haynesville sets natural gas production record. 

February 11, 2019: huge, huge update here. Short blurb at that link but another link there will take me to archive (password required).

October 18, 2017: roaring back to life -- the WSJ.

May 16, 2017: Haynesville experiencing a resurgence as takeaway is bottled up in the northeast. 

Later, 7:38 a.m. Central Time: USGS, one word: wow.  My understanding is reserves are based on current technology (definitely) and current pricing (?). Here's the assessment, data points:
the assessment included two formations:

• Bossier Formation: along the coast, stretching from Texas-Mexico border to Louisiana-Mississippi state line, from the coast ot about 150 miles inland
• Haynesville Formation: inland in Texas; along the southern coast of Louisiana, extending up about a third of the state, and extending well into Mississippi, Alabama, and even a bit of the Florida panhandle (where we will never see drilling)
• last assessment, 2010, Jurassic and Cretaceous rocks of the Gulf Coast
• Bossier: 9 tcf
• Haynesville: 61 tcf
• new assessment, 2017, released last week
• "amazing what a little more knowledge can yield"
• updated geologic maps
• expanded production history 
• greater understanding
• (by the way, one dedicated reader tells me the same thing is happening in the Utica and that USGS has not yet updated how fast things are moving in that formation)
• long known that the two formations contain oil and gas ,but it wasn't until 2008 that production of the continuous resources really got underway
• 2017 assessment:
• Bossier: 
• natural gas assessment ranges from 37 tcf to 224 tcf; the mean - 109 tcf;
• oil assessment ranges from 1 billion to 5 billion bbls; the mean - 3 billion bbls;
• natural gas liquids assessment ranges from 424 million bbls to 2 billion bbls; the mean -- 1 billion bbls
• Haynesville: 
• natural gas assessment ranges from 96 tcf to 341 tcf; the mean - 196 tcf;
• oil assessment ranges from 286 million to 2.5 billion bbls; the mean - 1 billion bbls;
• natural gas liquids assessment ranges from 304 million bbls to 1.7 billion bbls; the mean -- 1 billion bbls

Compare these numbers with:

• the Barnett; the Barnett -- twice as large as originally expected;
• total US
• another post on total US
• Marcellus and Utica, defying experts, October, 2016 ; the Utica; 
• the Bakken: 6.7 tcf natural gas and NGLs
• European numbers, 2016

 And still one of my favorite posts: the New York Times hoax / scam on natural gas.

Original Post

 

I've never linked the Haynesville at the sidebar at the right. When I started the blog, I had little interest in natural gas. But with RBN's update today, it seems time I have a Haynesville page. This was posted earlier. Note the USGS recent assessment of the Haynesville: 304 tcf.

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