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.
The ever-growing Haynesville play is valuable to producers—and to Louisiana. It’s a win/win, with producers’ in-state proximity to 5 Bcf/d of LNG-export facilities and to Henry Hub pricing.
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.
It has plenty of oil, but how to extract it economically? This operator has 14 unconventional wells in the Lower Smackover and more than 25,000 net acres of mineral rights in northern Louisiana and southern Arkansas.
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.