Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. Naturally high-pressured reservoir raises gas to the surface,reducing initial artificial lift and associated costs. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. Natural gas is also reliable and flexible, used in many industrial processes that produce a wide range of materials and goods such as glass, steel, plastics, pharmaceuticals, food products and clothing. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. 2023 Shale Experts, All rights reserved. According to a forecast from Platts Analytics, export demand should remain near 11 Bcf/d through March before retreating below 10 Bcf/d from April to October as global demand wanes in the spring and summer. 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. 2023 Hart Energy. Sign in to get the best natural gas news and data. 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. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. For more information, please visit www.tellurianinc.com. All material subject to strictly enforced copyright laws. Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and. The three basins together accounted for 52% of U.S. dry natural gas production. 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 . Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. 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. He added that a new well in Robertson County in the western region that contributed to the companys success and that the company also drilled a second well. Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week aslower-than-normal temperatures in key LNG importers and continued growth inChinas industrialactivity boost demand., Aethon Energy Operating LLC Anadarko Petroleum Berry Petroleum Beusa Energy BG Group Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. The effective date of the transaction is August 1, 2022. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. Based on current commitments to certify about 7 Bcf/d of Haynesville production by the end of 2022, roughly 53% of the basin's gas output will be certified gas by the end of the year. 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. Our Business . . Were going to look at them, but were not going to overpay. Under a scenario in which all new projects are approved, constructed, and are brought online, and the Mid-Con stays at its currently forecast low levels, the system will stay at a level comfortably under 90% well into the medium term, providing sufficient capacity for a booming third growth phase. During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. State of Shale 2023, Haynesville: A Slumbering Giant? 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. Historical Data View and export this data back to 2007. 2021 Tellurian Inc. All Rights Reserved. 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 . Comstocks completed well costs are averaging less than $1,000/lateral ft but will likely increase as better prices justify longer laterals and greater completion intensity. USGS 2016 estimates undiscovered, technically recoverable mean resources of 1.1 Billion Barrels of Oil & 195.8 Trillion Cubic Feet of Gas in the Upper Jurassic Haynesville Formation. We were aggressive on gas and everybody hated it, CEO Robert Ravnaas said. Database of selected U.S. and international exploration wells. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the timing and anticipated benefits of the EnSight acquisition, future production, costs, cash flows, returns and asset-level EBITDA, and future capital expenditures, wells, locations and development activities. It is one of the most revenue-generating shale plays in the U.S. In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline, Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. Ellie Grace/1HA . These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. Production growth in the Haynesville has been facilitated by expanding pipeline takeaway capacity out of the Haynesville in recent years. Powered by, Badges | Weve also committed 700 MMcf/d to a new pipeline to be built by momentum from the heart of the Haynesville play down to [Gilles], he continued. In the first 6 months of this year, fewer than 4 thousand horizontal wells came online in all the US shale basins, the lowest number . 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 . Started by todd graham in Shale Related Topics. Southwestern Accelerating Haynesville Natural Gas Development By Jamison Cocklin March 1, 2022 Share on: Southwestern Energy Co. expects to spend more in the Haynesville Shale during 2022. The Haynesville royalties are in the core of the basin, WhiteHawk said, adding that its position will cover 375,000 gross unit acres in northwestern Louisiana. Last reply by Skip Peel - Mineral Consultant 9 hours ago. Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources Started by DCT in Shale Related Topics yesterday. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. Located in northwestern Louisiana and sprawling into eastern Texas, the Haynesville Shale play was thrust into the spotlight in March 2008. is operating three rigs and one companion frac spread, but is still formulating the 2021 program, which will be presented to stakeholders in February, says Investor Relations Director David Erdman. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. Available forLicense (Click here to inquire), This STOCK Gulf Coast Natural GasPipeline Map 1.800.427.5747 Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. All rights reserved. Vice President, Investor Relations Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions Unauthorized distribution, transmission or republication strictly prohibited. Earnings and Operations Update Call. Please Upgrade it take less then a minute. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1) Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana The forward-looking statements in this press release speak as of the date of this release. Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. Some 500 ft shallower and with associated lower temperatures, Vines mid-Bossier wells are trending drainages as high as 2.5 Bcf/1,000 ft, and at completed well costs of $2.75 million for 7,500-ft laterals, they deliver from 50% to 60% return rates. 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.. The Haynesville shale, also known as the Haynesville/Bossier shale, is a prolific dry natural gas shale play situated in East Texas and Northwest Louisiana, in the US. Chesapeake 2023 - 2027 Strategic Outlook Subscribe for free to our newsletters for the latest energy news. Encased by the Cotton Valley Group (sandstone) above and the Smackover Formation (limestone) below, true vertical depths range between 10,000 to 14,000 feet. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. 2023-02-26 - U.S. oil rigs fell seven to 600 this week andgas rigs stayed unchanged at 151,still up 103 rigs, or 15.8%, over this time last year. It remains poised to see a production growth of 5 Bcfd or . Follow the topics you want and receive the daily emails. Haynesville is the third-largest. These 3D oil and gas graphics are from many projects we have created up to this point. Our analysis on Haynesvilles current and planned takeaway capacity concludes that the basin has the capacity to sustain the forecast production growth up to 2024, the year when potential bottlenecks could start, unless new pipeline projects get approved. New York Haynesville gas production is surging into the new year, climbing to its highest in nearly eight months, as operators there respond to a bullish outlook for the basins strategically located supply. Last reply by Skip Peel - Mineral Consultant Feb 13. Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d for all of 2021, making it the second-highest producing play. In January, total US feedgas demand has remained at a record-high 11 Bcf/d as US exporters look to capture multiyear highs in Northeast Asias import market where the JKM settled Jan. 6 at nearly $20/MMBtu amid a regional cold snap and a surge in Japanese power prices. 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. More than 2,500 Subscribers rely on our data each day. Started by Skip Peel - Mineral Consultant in Shale Related Topics. The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. Blue Dome Operating LLC BXP Operating Company Brix Operating LLC Cabot Oil & Gas Drilling Results Comstock spent $483.6 million during 2020 for drilling and development activities in 2020. All rights reserved. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions PHX has added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. Started by Skip Peel - Mineral Consultant in Shale Related Topics. Natural gas is an abundant resource across the United States. The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds of trillions of cubic feet. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. While it made sense to bring well costs down as low as we did, with weak gas prices this year, with prices closer to $3-plus now, it makes sense to invest in a little more profit, as we believe the wells will have a higher return, Allison said. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . As the largest private producer in the Haynesville, Aethon produced 313,492 boe/d of its total 330,601 boe/d from the basin. Additionally, 19 bbl/d of its total 402 bbl/d of oil production and 1.88Bcf/d of its total 1.98Bcf/d of natural gas production came from the Haynesville. Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. The Appalachian Basin's Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d of natural gas during 2021. Please check your browser settings or contact your system administrator. Dies geschieht in Ihren Datenschutzeinstellungen. Last reply by Gayila B Feb 16. The preliminary agreement with Sempra Infrastructure is designed to increase global access to low-carbon Haynesville natural gas via Williams wellhead-to-water strategy, the company said. Last reply by Rick Jackson Feb 13. Range was the very first . Like Comstock,Goodrich PetroleumCorp. is exploiting higher prices to elevate proppant concentrations to as high as 4,100 lb/ft, with comparative analysis showing marked increases in recoveries, exceeding the companys 2.5 Bcf/1,000 ft curves. Robertson LRR Pecos Valley LLC. 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