Natural Gas Report: Haynesville, World

The Haynesville Shale play’s making more than 14 Bcf/d today, and the world is counting on this Gulf Coast LNG supplier to keep delivering—and more, too.

(Source: Chesapeake Energy Corp. / Oil and Gas Investor)

[Editor's note: A version of this story appears in the May 2022 issue of Oil and Gas Investor magazine.]

In early April, the No. 2 U.S. rig count was the Haynesville’s 77, second only to the mighty Permian Basin, according to Enverus’ count.

In 2016, the count had dropped to as few as 24. The intersection of new well productivity and iron count was met in 2015, as new-well results began to improve from about 4 MMcf/d to some 12 MMcf/d today, per the U.S. Energy Information Administration (EIA).

While productivity could be attributed to producers reining in their focus to the core as gas prices fell to average some $2, overall Haynesville output grew, though, from 6 Bcf/d to now more than 14 Bcf/d.

Comstock Resources Inc. reported in February having brought online two 15,000-ft laterals with IPs between 41 MMcf/d and 48 MMcf/d.

Haynesville operators’ combined 14 Bcf/d is enough alone to supply the 13 Bcf/d that U.S. LNG exporters are shipping—nearly all of it from the Gulf Coast. The Haynesville and Marcellus’ combined 50 Bcf/d is as much as all U.S. gas production totaled 20 years ago.

“The play has exceeded my expectations,” said Rob Turnham, who was president and COO of one of the Haynesville’s original producers, Goodrich Petroleum Corp., which was sold in December. “Completion methodology is recovering a higher percentage of the gas in place than originally thought.”

It was expected that more gas would be surfaced with more proppant and water per foot, along with tighter cluster and stage-interval spacing.

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Nissa Darbonne

Nissa Darbonne is author of The American Shales and has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas.