Natural gas operators in the Haynesville Shale discuss prices, returns, LNG demand and technology during Hart Energy’s DUG Haynesville Virtual Conference.
John Jacobi worked the East Texas and Northwest Louisiana leasing space for two decades before the Great Haynesville Land Rush in 2008 and into this past decade as founder of $2.2-billion Covey Park Energy LLC. He’s got some stories.
Major new markets opportunities for Haynesville natural gas supplies are advancing through the development of multiple LNG facilities in Southwest Louisiana and Jefferson County, Texas.
Associated-gas supply continues to decline and natgas’ share in electricity feedstock continues to grow.
Among its many pilots—including a 16-well pad called Megalodon—Aethon Energy is testing 6,000 pounds of sand per lateral foot.
As the platform U.S. E&P operator subsidiary for Osaka Gas USA Corp., Sabine Oil & Gas is developing its 175,000 net acres in East Texas with a long-term view, rather than toward an exit. Learn here of its portfolio, plans and results.
Rockcliff Energy is making Mcfes in East Texas for less than $1 each. A 20% return is reached at less than $2. And it’s up to 80% hedged into 2022 at more than $2.48. It’s kept four rigs drilling continuously since 2017.
Goodrich Petroleum is booking the third-highest returns on capital employed among all Lower 48 producers—and that includes those in the Permian.