Making energy and capital-markets headlines for only 18 months now, the Haynesville shale may be the biggest natural gas play in the U.S. today, according to Questar Corp. chairman, president and chief executive Keith Rattie. “
Making energy and capital-markets headlines for only 18 months now, the Haynesville shale may be the biggest natural gas play in the U.S. today, according to Questar Corp. chairman, president and chief executive Keith Rattie. “Some think it may be one of the biggest gas fields in the world,” he adds.
Dr. Joel Walls, leader of Object Reservoir’s 12-producer Haynesville Collaborative Exploitation Project, will discuss current drilling results in the webinar “The Haynesville Bottom Line: Leasing, Take-Away, Well Results,” including a live Q&A, Thursday, Aug. 20, at 10 a.m. CDT at OilandGasInvestor.com.
DrillingInfo’s Ramona Hovey, senior vice president, product management, will discuss current leasing trends geographically and in terms of cost. Bentek Energy LLC’s Justin Carlson, senior analyst, will cover take-away capacity from the play, pressure on pipe from the south and the direction Haynesville gas will take.
The northwestern Louisiana shale formation is regularly producing wells of more than 10 MMcf/d—even as much as 29 MMcf/d.
Petrohawk Energy Corp., Houston, (NYSE: HK) reports IP rates for 14 operated Haynesville wells of 9.8 to 22.4 MMcfe/d in the second quarter for an average 17.3 MMcfe/d. Exco Resources Inc., Dallas, (NYSE: XCO) reports average IP rates for its Haynesville wells in DeSoto Parish were 24 MMcf/d during the second quarter, ranging from 21.2 to 26.4 MMcf/d.
More than $5 billion has already been invested in Haynesville leases and drilling. Leasing continues, albeit at reduced terms, and expanded take-away capacity is under way.
Where to with all this gas? Regency Energy Partners (Nasdaq: RGNC) chairman, president and CEO Byron Kelley says the company’s $1.1-billion Haynesville expansion project remains on track to be completed and in service by the end of the year and possibly sooner. The 36-inch pipe is more than half-completed and construction of a 42-inch line began in June. It will carry 1.1 Bcf/d. More than 90% of the capacity is already under contract.
Click for the webinar “The Haynesville Bottom Line: Leasing, Take-Away, Well Results,” including a live Q&A, Thursday, Aug. 20, at 10 a.m. CDT at OilandGasInvestor.com.
Topics to be covered:
-- Current leasing trends and best practices. What are producers paying lately, and where are these prices being paid in the play?
--Take-away capacity expansions that have received financing and are under way, and what additional take-away plans are being marketed for financing and bidding.
--Well results from the fairway and the perimeter of the play. What is the new “core” of this huge new resource?
--Nissa Darbonne, Stephen Payne, Frank Nieto
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