Is there oil in the Haynesville Shale?
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.
How many wells are in the Haynesville Shale?
Several industry sources estimate there are between 35,000-50,000 wells left to be drilled in the play, so production is scalable.
Who owns Haynesville Shale?
Chesapeake Energy
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.
Who is drilling in the Haynesville Shale?
The Haynesville Shale East Texas and Northwest Louisiana, is considered one of the top three U.S. natural gas deposits….Haynesville Shale Wells Drilled by Operator 2021.
| Opertator | Wells Spud |
|---|---|
| Comstock Oil & Gas, LP | 71 |
| ROCKCLIFF ENERGY OPERATING LLC | 66 |
| Indigo Minerals LLC | 49 |
Is Haynesville Shale still producing?
Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022.
How long will fracking last?
Fracking is a temporary process that occurs after a well has been drilled and usually takes only about 3-5 days per well. Sometimes, wells are re-fracked to extend their production, but the energy each well can produce may last for 20 to 40 years.
How large is the Haynesville Shale?
approximately 9000 square miles
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.
Is there fracking in Louisiana?
More than 2,200 fracking wells have been drilled in Louisiana’s 11,000-feet-deep Haynesville Shale, posing significant contamination risk to surrounding populations. Oil and gas companies are drawn to the state for the generous tax breaks doled out to horizontal drilling operations.
Is Chesapeake an energy?
Chesapeake Energy Corporation is an American energy company engaged in hydrocarbon exploration. It is headquartered in Oklahoma City….Chesapeake Energy.
| Type | Public company |
|---|---|
| Founded | 1989 |
| Founder | Aubrey McClendon Tom L. Ward |
| Headquarters | Oklahoma City, Oklahoma, U.S. |
Who bought Chesapeake Energy?
Chesapeake also agreed to sell its Powder River Basin assets in Wyoming to Continental Resources Inc (CLR. N) for about $450 million on Tuesday.
Where is the Eagle Ford Shale?
The Eagle Ford Shale is a hydrocarbon-producing geological formation extending over 26 counties. It stretches from the Mexican border between Laredo and Eagle Pass up through counties east of Temple and Waco.
Is the Haynesville Shale still promising in Texas?
Low natural gas prices have slowed development of the Haynesville shale in east Texas and northwest Louisiana. Despite this, the play remains promising under the right economic conditions. This article summarizes a study by the Bureau of Economic Geology (BEG) of the Haynesville’s resource and production potential.
What happened to Haynesville production?
With $4/MMbtu natural gas at Henry Hub, Haynesville production peaked in 2012 and declined rapidly as annual well count decreased in response to lower prices in 2013.
How much will the Haynesville produce by 2045?
In a base-case scenario using $4/MMbtu Henry Hub pricing and other conservative parameters, we estimate 46 tcf of cumulative Haynesville production by existing and new wells, to be drilled through 2045 and producing through 2064. The Haynesville’s annual production has declined from a 2012 plateau of about 6 bcfd to roughly 4 bcfd in 2015.
Are drilling and completion costs declining in the Haynesville?
Drilling and completion costs have declined in the Haynesville. Even before the recent reduction in service fees folol wing the oil prcie collapse, Haynesville capital expenditures sank as low as $8 million/well (OGJ, Feb. 3, 2014). G References 1.