This is an older blog post, you will find one on more recent data here
Natural gas production in the Haynesville set a new record in July, at over 12 Bcf/d (after upcoming revisions). This constitutes a growth of over 50% compared with the peak at the end of 2011 and almost a tripling of natural gas production in less than 5 years. After the Permian, the Haynesville is where most of the rigs are that are drilling horizontal wells (47 as of last week, according to the Baker Hughes rig count).
Supply Projection dashboard
Although the horizontal rig count has basically not changed since the start of the year, we expect more growth in output at the current level of rig efficiency and well productivity, as you can find in our Supply Projection dashboard:
On the current trajectory, output could continue to rise to over 16 Bcf/d by the end next year. The Haynesville is the only major US shale gas basin for which we see significant growth based on current conditions.
Well results have greatly improved in the last decade; the horizontal wells that were completed 10 years ago have an average EUR of about 4 Bcf, while newer wells are on a path to recover 2.5 times that amount (10 Bcf):
Which operators have the best performing wells? The following overview shows the performance of all larger operators in this basin during the last 5 years:
Goodrich Petroleum and Vine Energy have the best results, with about 0.8 Bcf of natural gas produced per 1,000 ft of lateral length during the first year on production, on average.
On the map, all included wells are displayed, colored by the same metric. The interactive version of this dashboard (available in our analytics service), allows you to click on an operator and exactly see where its wells are on the map.
In the final tab (“Top operators”), the leading 12 natural gas producers in this basin are listed. Comstock and Aethon Energy produce each over 1.5 Bcf/d here. Chesapeake, for a long time the number 1 in the basin, has fallen to the 6th position.
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.