This is an older blog post, you will find one on more recent data here
After setting a new record in January, natural gas production in the Haynesville fell by about 10% in February (after revisions), to just over 10 Bcf/d. The region was impacted by a brief period of arctic temperatures. However, activity levels are high here, and in March or April probably a new production record was set.
Supply Projection dashboard
Last week, 48 rigs were drilling horizontal wells in this basin, according to the Baker Hughes rig count. This is the highest number since the end of 2019, and assuming well & rig productivity are not deteriorating, it should lead to significant production growth in the coming months and years. From our Supply Projection dashboard:
This outlook has the Haynesville above 13 Bcf/d by the end of the year.
Well productivity saw a major boost from 2011 through 2017 and has kept rising since:
The 294 horizontal wells that came online in 2017 recovered on average 7.1 Bcf of natural gas in the first 3 years, compared with 3.0 Bcf for the wells starting production in 2011.
Important factors driving this growth are the increase in lateral lengths and proppant loadings:
In 2020, just over 30 million pounds of proppants were used to frac a well, compared with 6.3 million pounds in 2013. Lateral lengths almost doubled in the same time frame. Image from our Lateral lengths & Proppants Dashboard.
In the final tab (“Top operators”), the leading 10 natural gas producers in this basin are displayed. Comstock leads with 1.7 Bcf/d in February. BP, the number one in Jan 2019, has fallen to the 9th position, as it basically has halted new completions since last year.
Later this week we will have a post on all covered US states.
Production data is subject to revisions.
For this presentation, I used data gathered from the following sources:
- The Louisiana Department of Natural Resources
- Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports.
The above presentations have many interactive features:
- You can click through the blocks on the top to see the slides.
- Each slide has filters that can be set, e.g. to select individual or groups of operators. You can first click “all” to deselect all items.
- You have to click the “apply” button at the bottom to enforce the changes. After that, click anywhere on the presentation.
- Tooltips are shown by just hovering the mouse over parts of the presentation.
- You can move the map around, and zoom in/out.
- By clicking on the legend you can highlight selected items.
- Note that filters have to be set for each tab separately.
- The operator who currently owns the well is designated by “operator (current)”. The operator who operated a well in a past month is designated by “operator (actual)”. This distinction is useful when the ownership of a well changed over time.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.