Alan Smith, president and CEO of Rockcliff Energy, explains the Haynesville Shale advantage and why that might be misunderstood by the investment community.
Some new rigs added last month with gas plays along the Gulf Coast, primarily the Haynesville Shale, faring the best.
Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.
The JV transaction marks Osaka Gas’ first acquisition in the midstream business in the U.S. following the Japanese company’s purchase of Sabine Oil & Gas late last year.
“We are fundamentally resetting Chesapeake’s capital structure and business to address our legacy financial weaknesses and capitalize on our substantial operational strengths,” CEO Doug Lawler said in a statement.
Wolfcamp-Spraberry Trend wells completed by Earthstone Energy in the Permian Basin plus four strong Haynesville Shale discoveries from two separate pads in Louisiana’s Sabine Parish top this week’s drilling activity highlights from around the world.
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
Analysis reveals a 20% output decline in a $1.80 to $1.90 Henry Hub scenario for the shale gas play.
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.
The midstream sector may prove to be the energy industry’s best story in this black swan event as the global oil and gas business scrambles to respond to 2020’s unexpected shocks.