That project, which Energy Transfer gained via its acquisition of Enable Midstream in December 2021, is backed by a 20-year agreement with the $10 billion Golden Pass LNG export plant now under construction in Texas by QatarEnergy (70%) and Exxon Mobil (30%) . Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. Top basin performers Chesapeake Energy, Southwestern Energy, Comstock Resources, Aethon Energy and Rockcliff Energy II produced a combined total of 1.53 MMboe/d, 83 bbl/d of oil and 9.2 Bcf/d of gas in the first half of 2022, according to data from advisory firm Enverus. It remains poised to see a production growth of 5 Bcfd or . Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. Richardson, TX 75081. As the largest private producer in the Haynesville, Aethon produced 313,492 boe/d of its total 330,601 boe/d from the basin. (2) Asset-level EBITDA excludes corporate general and administrative expenses. The effective date of the transaction is August 1, 2022. The Company is unable to present a reconciliation of forward-looking asset-level EBITDA because certain components of the calculation are subject to change. In the basin, it also produced 2 Bcf/d of its total reported 5.19 Bcf/d across the combined Haynesville and Appalachian assets. Subscribe for free to our newsletters for the latest energy news. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Youll see that our creative team is continuing to push beyond their comfort zone to create that WOW experience for every clients play, tool or oil and gas technology project with our animated graphics. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. 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Haynesville is the third-largest shale gas-producing play in the United States. Haynesville Shale Overview Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. December 30, 2022 | Claire Poole. More than 2,500 Subscribers rely on our data each day. Started by DCT in Shale Related Topics yesterday. Analysts from J.P. Morgan found in its September JPM Natural Gas Reservoir report a 54% increase in Haynesville rig activity from the 46 average count in 2021 to 71 in the first half of 2022. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. We have seen a pickup in competition on the gas side that didnt exist, even six to 12 months ago, but that doesnt concern us or impede our ability to successfully execute our M&A strategy, he said. No problem. The effective date of the transaction is August 1, 2022. On Jan. 5, the calendar-year 2021 Henry Hub price settled at an average $2.80/MMBtu up about 13%, or more than 30 cents, from its recent low. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1). At Southwestern, the companys strategic intent is to generate resilient free cash flow from responsible natural gas development, has enabled it to establish a presence within the two largest natural gas basins in the U.S. and become the largest gas producer in the Haynesville shale. 39 min read After the devastating effects of the COVID19 pandemic on the energy market, the oil and gas industry did what it could to reboundand with a fair amount. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby. With the 2018 acquisition ofHaymaker Minerals & Royalties,LLC, the mineral and royalty company now holds non-operating interests in roughly 786,400 gross (7,700 net) Haynesville acres. The Appalachian Basin's Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d of natural gas during 2021. Both natural gas and crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25. Were going to look at them, but were not going to overpay. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. The company reported 334,716 boe/d in first half 2022 production from the Haynesville, comparable to the total 887,668 boe/d produced by the company across all its assets, according to Enverus data. Upgrade now. View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006148/en/, Media: https://www.businesswire.com/news/home/20220712006148/en/, Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas), Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana, 44 producing wells and five wells in progress at transaction close, Low-cost, high-margin producing assets generating significant free cash flow, Asset-level projected 2023 EBITDA of approximately $90-120 million, High return, de-risked drilling inventory with over 30 gross drilling locations, EnSight is currently operating a one-rig drilling program, which Tellurian plans to maintain on the acquired assets through the fourth quarter of 2022, Proved reserves of approximately 108 billion cubic feet of natural gas (Bcf) and a $180 million PV-10 projected, 2022 proforma net production estimated to be ~140 MMcf/d, from 39 MMcf/d in 2021, At closing, TPCs Haynesville Shale acreage increases to ~20,000 net acres, with >275 gross drilling locations and a net resource expected at >2 trillion cubic feet (Tcf), Tellurian anticipates TPC 2023 drilling program to be a two-rig program with approximately 350 MMcf/d of net production. Comstock has assets spanning throughout northern Louisiana and eastern Texas, making it the third most productive Haynesville operator with eight total rigs. 5 min read This article was originally published on ETFTrends.com. Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad. the top news story and the . 2023-02-10 - Data on treated produced water can help the industry find more uses for the water that comes out of the reservoir during production. HOUSTON, September 22, 2022 (PRNewswire) - M6 Midstream ("Momentum" or "the Company") today announced a final investment decision ("FID") on its new natural gas gathering and carbon capture project, New Generation Gas Gathering ("NG3"), which will gather natural gas produced in the Haynesville Shale for re-delivery to premium . This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The three basins together accounted for 52% of U.S. dry natural gas production. Last reply by Skip Peel - Mineral Consultant 9 hours ago. While it made sense to bring well costs down as low as we did, with weak gas prices this year, with prices closer to $3-plus now, it makes sense to invest in a little more profit, as we believe the wells will have a higher return, Allison said. LNG Prices Soar to Six-Year High Announces Phase 2 expansion of Haynesville system Reaffirms 2022 adjusted EBITDA guidance of $770 to $810 million Reaffirms 2023 adjusted EBITDA early outlook of $810 to $850 million Declares quarterly dividend of $0.64 per share DETROIT, Aug. 03, 2022 (GLOBE NEWSWIRE) - DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2022 reported net income of $91 million, or $0.93 per diluted . Like the short (4,600-ft) laterals, our more recent operated 7,500-ft wells are outperforming materially to a composite estimate of approximately 2.8 Bcf/1,000 ft, due to higher proppant concentration and tighter cluster and frac interval spacing, President Rob Turnham said on Nov.8. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as natural gas prices have fallen over 70% since September, said, With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). All rights reserved. The forward-looking statements in this press release speak as of the date of this release. Shale Experts is a Members ONLY resource. For Haynesville producers, current prices offer a generous margin to sustain future growth. Posted by Keith Mauck (Site Publisher) on December 4, 2020 at 10:08. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 13. Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola is Available for License(Click here to inquire), Bienville Bossier Caddo Claiborne Desoto Jackson Lincoln By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. Started by JAMES SMITH in Shale Related Topics. Tellurian Inc., which is developing the 27.6 mtpa Driftwood LNG project south of Lake Charles, produced an average of 225 MMcf/d in fourth-quarter 2022 and expects production to remain flat in 2023. Natural gas is an abundant resource across the United States. Earnings and Operations Update Call. Rextag database of energy infrastructure assets. implementation of the first plunger lift system for the Haynesville shale; foamer treatment oversight; corrosion treatment . Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. How can one enforce the No-cost clause in a lease? Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . Summary The Haynesville Shale is the third-largest natural gas play in the US by production,. Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. The latter half of the year was dedicated to focusing on Chesapeakes midstream capacity, the company shared on its third-quarter 2022 earnings call, which includes developing a new pipeline project with an associated carbon capture and sequestration program. Jul 13, 2022 The planned Driftwood LNG facility will be capable of producing up to 27.6 million tons of liquefied natural gas a year. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . Supply of crude oil dropped by 17.8% in May 2020 and since then kept a relatively stable level at 33,300 barrels per day (bd). 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. A searchable database of oil and gas debt and equity offerings. All rights reserved. Recent gas pipeline scrapes are running ahead of expectations, reaching record highs of ~99.3 Bcf/d in September, with MTD gas production estimated at 98.7 Bcf/d, which compares to the August average of 97.7 Bcf/d and the September 2021 average of 92.7 Bcf/d, the analysts stated. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning, Comstock Resources Inc. spent 2022 shoring up its western Haynesville acreage that could provide a lot of potential in the independents long-term strategy to supply a surge LNG growth on the Gulf Coast, said CEO Jay Allison. It the third most productive Haynesville operator with eight total rigs across the States... As the largest private producer in the Shale is expected to maintain an upward throughout! 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