Rob Turnham, president and COO of Goodrich Petroleum Corp., sat down with Hart Energy’s Jessica Morales to take a look at the path forward for gas in the Haynesville Shale.
“What’s really remarkable, however, is how productive the Haynesville has evolved into over the last six years,” Turnham said. “We went from producing about 1.1 Bcf per 1,000 feet to over 2.5 Bcf per 1,000 mainly through completion methodology changes, optimization and obviously drilling longer laterals.”
Trying to gauge an LNG outlook into 2021, Turnham said, “It has to get better. So much of what’s been done in the past had contracts that were tied to liquids. You are seeing more and more contracts tied to JKM or a European index or something that’s really tied to more gas prices. Again, as demand improves [and] as GDPs come back to where they were or certainly close to where they were, demand will come back for LNG.”
Jump to a topic:
- Natural gas strategy (0:46)
- Winter 2020-21 demand forecast (2:51)
- Gulf Coast advantage (4:56)
- Haynesville versus other basins (7:05)
- COVID-19 impact on LNG (8:39)
- LNG outlook for 2021 (10:25)
- What will the industry look like going forward? (12:17)
President Tayyip Erdogan said Aug. 13 that any attack on a Turkish ship exploring for oil and gas in disputed Mediterranean waters would incur a "high price."
Carbon footprint evaluation for offshore wind installation finds material selection and stakeholder alliances keys to success.
Despite ongoing headwinds facing the battered oil and gas industry, reducing emissions remains a goal.