Started by Skip Peel - Mineral Consultant in Shale Related Topics. 2021 Tellurian Inc. All Rights Reserved. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. U. S. Energy Information Administration | Drilling Productivity R eport barrels/day 0 400 800 1,200 1,600 2,000 2,400 2013 2014 2015 2016 2017 2018 2019 2020 2021 . Ellie Grace/1HA . Meanwhile, for self-described contrarianKimbell Royalty PartnersLP, its I told you so time, as a once-derided $445-million investment harvests the dividends of a projected 50% increase in gas prices over the next year. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . "However, because natural gas prices have increased since mid-2020, producers have an incentive to increase the number of rigs in operation and use those rigs to drill deeper wells.". The Company had 29 drilled but uncompleted wells at year-end. Natural gas production in the Haynesville declined steadily from mid-2012 until 2016, due to its relatively higher cost to produce natural gas compared with other producing areas, according to the EIA report. Comstock also spent $7.9 million on leasing activity. The Barnett remains No. Long known to contain natural gas, the Haynesville was originally considered to be a source rock and not a gas bearing reservoir because of its tight-rock system and lower permeability. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Historical Data View and export this data back to 2007. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. Comstock also participated in 16 (1.3 net) non-operated Haynesville shale wells in 2020. Upon closing of the transactions, Chesapeake plans to operate two rigs on the acquired properties during 2022, resulting in a total of 9 - 11 gas-focused rigs and 2 - 3 oil-focused rigs. Shreveport, Louisiana, United States . Available forLicense (Click here to inquire), This STOCK Gulf Coast Natural GasPipeline Map The assets span approximately 5,000 net acres in the core of the Haynesville Shale in Louisiana's DeSoto, Bossier, Caddo and Webster parishes, boosting Tellurian's Haynesville Shale footprint to . joi.lecznar@tellurianinc.com, Investors: Your daily news has saved me a lot of time and keeps me up-to . We are very excited to see the forecasted improvement in natural gas prices, both in the fourth quarter of 2020 and full-year 2021, based on the futures curve.. Last reply by Hale Yayuh Feb 14. The Haynesvilles close proximity to existing infrastructureincluding an extensive pipeline system, processing plants and Gulf Coast LNG export terminals makes the play an attractive operating environment with efficient cycle times from drilling to sales. 2022-12-23 - Heres a roundup of the latest E&P headlines including a new field onstream and new contract awards from the past week in the upstream oil and gas industry. Started by DCT in Shale Related Topics yesterday. In the end your minerals are only worth what someone is willing to pay for them. The Haynesville Shale is Sandwiched in between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. A key factor in Haynesvilles ability to sustain an advantage against the Appalachian region will be to maintain the relative ease with which operators can transport gas from wellheads to Gulf coast markets, compared to the bottlenecks and mid-stream project cancellations that producers in the Northeast have to grapple with. Editors note: This is one in an occasional series of articles examining the state of major U.S. shale plays at the end of 2022. Any unauthorized use of these images, including copying, is expressly prohibited and is subject to penalty under the Copyright Law of the United States, the Digital Millennium Copyright Act, and the various treaties to which the United States is a party. Haynesville natural gas production reached 12.5 Bcf/d in November of 2021 and has been averaging about 12 Bcf/d since, the report's author, Office of Energy Production & Markets Economist Kathryn (Katy) Fleury, told P&GJ. 2023 Shale Experts, All rights reserved. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Tellurian Production, Revenues Soar in Q4 as Driftwood LNG Remains on Track, Inside Comstocks North Houston Western Haynesville, Williams, Chevron Agree to Natural Gas Production Projects in Haynesville and GoM, A&D Minute: Chesapeake's Eagle Ford Divestiture with a Twist [WATCH], WhiteHawk Picks Up Haynesville Mineral, Royalty Interests in $105 Million Deal, Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets, Tokyo Gas' TG Natural Nears $4.6B Deal to Buy Haynesville's Rockcliff. matthew.phillips@tellurianinc.com. Last reply by Skip Peel - Mineral Consultant 10 hours ago. 2022 Pipeline & Gas Journal, 2022 Gulf Publishing Holdings LLC. The EnSight asset is a great fit with Tellurian's existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022." (1) Management estimate of EnSight June 2022 average sales volumes of target assets. Database of selected U.S. and international exploration wells. The three basins together accounted for 52% of U.S. dry natural gas production. Drilling Results Comstock spent $483.6 million during 2020 for drilling and development activities in 2020. Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. Sie knnen Ihre Einstellungen jederzeit ndern. More than 2,500 Subscribers rely on our data each day. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. LNG Prices Soar to Six-Year High Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG, Comstock Prepping for Increased LNG Supply Demand with Freeports Return, Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville, EIA Sees Continued Onshore Natural Gas Production Growth in March, Paced by Haynesville, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Oilfield Services Jobs Top 650,000, Reach Pandemic-Era High, Kinder Morgans Haynesville Natural Gas Gathering Volumes Jump 44%, North American E&P Spend to Increase 14% in 2023; Maintain in Appalachia, Grow in Haynesville, Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming, Haynesville Still Leading Natural Gas Production Gains in Latest EIA Projections. Alternative energy deals make their mark as sector dominates 2022 M&A . It was named after the town of Haynesville in Claiborne Parish Louisiana, about 65 miles northwest of Shreveport and just south of the Arkansas border. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. As the largest private producer in the Haynesville, Aethon produced 313,492 boe/d of its total 330,601 boe/d from the basin. Williams announced an expansion of gas gathering services for Chesapeake Energy in growing dry gas production areas of the Utica Shale in eastern Ohio and a co Nov 2022 - Feb 2023 4 months. Need to explain enhanced oil recovery, stacked pay or oil investments in unconventional oil? The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". Weve also drilled our second well in this region, which is near the Circle M called the KC Block [ph], which was successfully drilled and completed that is expected to be turned to sales this month, Allison said. Williams and Chevrons agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico. ShaleTech: Haynesville-Bossier Shales Controlled by Jerry Jones, the flamboyant owner of the National Football League (NFL) Dallas Cowboys, Comstock became a premier Haynesville operator with the $2.2-billion acquisition of pure play firm Covey Park Energy LLC in July 2019. The Haynesville/Bossier Shale, located in East Texas (Railroad Commission of Texas District 6) and Western Louisiana, is a hydrocarbon-producing geological formation capable of producing large amounts of gas. In fact, in 2019, US consumption set a new, record high of 31 Trillion cubic feet of gas. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. The second private company to emerge as a Haynesville top player, Rockcliff production totaled 205,997 boe/d in the Haynesville in the first half of the year, according to Enverus. Our seasoned technical animator team specialize in process, mechanical and industrial animations as seen in our animation demo reel. HOUSTON (P&GJ) Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on expanded pipeline takeaway capacity and higher demand, a new U.S. Energy Information Administration (EIA) report revealed Wednesday. The forward-looking statements in this press release speak as of the date of this release. Richardson, TX 75081. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity, which often are revised. This Event Reminder is Sponsored by: Day 1: 4:00 PM The Haynesville Now Haynesville operators join the play's co-founder, Dick Stoneburner, in a candid conversation, including with DUG Haynesville attendees, on opportunities, challenges and solutions in this 16 Bcf/d resource that alone can fill all U.S. LNG export demandand still with Bcf's to spare that are helping to satiate domestic . The images presented hereon are the subject of federal copyright registration. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. Well-log interpretation of the Haynesville Shale showed that conventional resistivity-porosity-saturation models underestimate hydrocarbon saturation in zones with high concentrations of kesogen. Last reply by Skip Peel - Mineral Consultant 9 hours ago. FRISCO, TX, Feb. 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana . Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 11. Blue Dome Operating LLC BXP Operating Company Brix Operating LLC Cabot Oil & Gas Tellurian to Acquire Haynesville Assets from EnSight for $125 Million July 13,2022 PE-Backed Clearfork to Acquire Azure Midstream January 19,2022 New Midstream Co. Secures Capital from EnCap Flatrock January 19,2022 Enable Midstream Gets Approval for Gulf Run Pipeline June 02,2021 More Midstream News Latest Midstream Projects Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola Log in here Subscribe now to get unmatched and complete coverage of the Energy industry's entire landscape! Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. Information on assets, buyers and sellers, deal values, and more. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. $476.9 million was spent to develop its Haynesville and Bossier shale properties, comprised of $436.1 millionon drilling and completing wells and an additional $40.8 million on other development activity. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Like the short (4,600-ft) laterals, our more recent operated 7,500-ft wells are outperforming materially to a composite estimate of approximately 2.8 Bcf/1,000 ft, due to higher proppant concentration and tighter cluster and frac interval spacing, President Rob Turnham said on Nov.8. Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (the "Company" or "STEP") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2022. Powered by, Badges | Discussing the Austin Chalk, Haynesville Shale, Terryville Complex, Tuscaloosa Shale & Lower Smackover Brown Dense plays. We have Oil & Gas STOCK Photographs FRISCO, TX, May 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to. Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. Operating three rigs and two completion . Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors. With new effects and cutting-edge, 3D modeling software, we can go beyond the norm and create that one of a kind technical animation, illustration, or oil and gas graphic animation youre looking for! 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