4/17/2017 | 04/17/2016 | 04/17/2015 | 04/17/2014 | 04/17/2013 | |
---|---|---|---|---|---|
Active Rigs | 51 | 29 | 93 | 186 | 185 |
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
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.