Who owns Haynesville Shale?

A Chesapeake Energy shale drilling operation. Freshly emerged from Chapter 11 bankruptcy, Chesapeake Energy today announced a deal to acquire publicly traded Vine Energy for $2.2 billion, or $15 per share. In the deal, Chesapeake gets nearly 100,000 acres in the shale gas basin of Louisiana known as the Haynesville.

Where is Haynesville Shale located?

East Texas
The Haynesville Shale underlies a 9,000-square-mile area straddling East Texas and northern Louisiana. [1] The area has produced natural gas and oil through conventional wells for decades. These wells draw oil and gas from part of the Texas-Louisiana-Mississippi Salt Basin.

Who is drilling in the Eagle Ford Shale?

ExxonMobil takes top billing in the Permian with 15 rigs in the play, Enverus data shows. ConocoPhillips produced 162,000 boe/d from the Eagle Ford Shale in the second quarter of 2020, with 52,000 boe/d from unconventional wells in the Permian and 46,000 boe/d from the Bakken Shale of North Dakota and Montana.

Is Haynesville dry gas?

The formation is located close to the four to five LNG export terminals expected to come to fruition along the Gulf of Mexico. Haynesville production is dry gas, so it does not have to be processed before being liquefied.

Where is Barnett Shale located?

Fort Worth Basin
1.2 Barnett Shale The Barnett Shale is a set of black carboniferous shales developed in the Fort Worth Basin of Texas in the USA, with an area of distribution of approximately 1.3 × 104 km2. It is the most important hydrocarbon source rock formation in the Fort Worth Basin.

How much gas is in the Haynesville?

More recently, as of 2009, the Haynesville was estimated to have 75 trillion cubic feet of recoverable gas, second only to the Marcellus Formation in the US. Some scientists estimated recoverable reserves average of 6.5 billion cubic feet per well.

How thick is the Haynesville Shale?

The Haynesville is an Upper Jurassic-age shale bounded by sandstone (Cotton Valley Group) above and limestone (Smackover Formation) below. The Haynesville Shale covers an area of approximately 9000 square miles with an average thickness of 200–300 feet.

What is below the Utica Shale?

The Utica lies beneath the Marcellus shale, where energy companies have drilled thousands of unconventional gas wells in Pennsylvania in recent years. The Marcellus is considered to be one of the richest natural gas reserves in the world. Drillers are just beginning to tap into the deeper Utica.

How long will the Eagle Ford Shale last?

Eagle Ford shale well life expectancy could be as long as thirty years, according to a recent report from EOG Resources. According to that report, 40% of an Eagle Ford shale well’s production will come in the first five years, followed by a long decline curve lasting perhaps as many as thirty years.

How much oil is in the Eagle Ford Shale?

The full massive extent of the oil and gas reserves present in the Eagle Ford formation became a bit clearer as the USGS released an updated resource assessment for the basin, which it refers to as the “Eagle Ford Group of Texas.” According to the USGS, the “Eagle Ford Group of Texas” contains 8.5 billion barrels of …

How much money does a Marcellus gas well produce?

New gas wells in the Marcellus, Haynesville, Barnett and Fayetteville Shales often yield between 1.0 and 2.0 million cubic feet per day. Higher and lower rates do occur. Older wells will have much lower yields.)

How long will the Barnett Shale last?

A recent study by the Bureau of Economic Geology at the University of Texas estimates that Barnett still contains 44 trillion cubic feet of recoverable gas resources, and while annual production may decline from its current peak of 2 trillion cubic feet per year, substantial output is expected to continue through 2030.

Who are the companies involved in the Haynesville Shale?

First Quarter 2021 Results Comstock Resources Inc. 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. In addition to its overall size, the Haynesville is known for its high porosities.

Is the Haynesville Shale play still hot?

The Haynesville might not be the hot shale play it once was. Slumping gas prices took the wind out of its sails, while oil discoveries in the Eagle Ford and more economical gas discoveries in the Marcellus and Utica put it on the back burner. However, it is the third-largest shale gas producer in the country, making it one of the top shale plays.

How much oil does the Haynesville region produce?

Indicated change in oil production (May vs. Apr) -200 0 200 400 600 Apr 12,086 MMcf/d Production from new wells Legacy production change Net change May 11,997 Indicated change in natural gas production (May vs. Apr) million cubic feet/day Haynesville Region +419 -508 -89

How big is the Haynesville Shale in Texas?

The Haynesville shale encompasses over 9,000 square miles of eastern Texas and western Louisiana: Image source: EIA. The play was initially discovered by Chesapeake Energy ( NYSE:CHK) in 2008, leading its rivals to descend upon the area to lease land.