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

Active rigs:

	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

Scott Adams: how to structure a deal with North Korea.