Eric, did they provide any other information about the 'new' formation? There are a number of deeper productive formations; e.g. Smackover, Norphlet, Gilmer, etc. Any of these can be ~500' below the Haynesville depending on where you're located in the basin.
As Craig indicated, there a number of deeper horizons below the Haynesville that have produced O&G in different areas in the Gulf Coast.
It is not like there is an "new unknown horizon waiting to be found" lurking in the depths.
Sounds like a good Hollywood "hook" to keep the movie goers talking as they leave the theater.
Sort of like the final Sopranos restaurant scene.
Haynesville; The Movie mentions the Bossier Shale. It is above, not below the Haynesville.
The Bossier section is located above the Haynesville interval with "x" of separation between the base of one and the top of the other (separation distance depends on the area).
It is my understanding that the "sweet spot" for the Bossier Shale is not areally coincident with that of the Haynesville.
The one and only mention of the Bossier Shale is at the end of the movie. The two formations are not connected.
The prospective area for Bossier Shale partially overlaps the Haynesville Shale but is generally further south. Look in the site archives, there should be a map.
Much ado about nothing. Don't plan on anything happening until prices increase dramatically. And I suspect that won't be in my lifetime (I'm 65 for a reference point). Southwestern has been spectacularly unsuccessful in every basin they are in except the Fayetteville, their old stomping ground. Everywhere else they are up to their ears in mediocre wells and over-priced properties.
I have a friend who had verified lignite on his property. He was told that it was in excess of one million dollars worth to him. That was over 20 years ago. Just because it's there doesn't mean it's worth the cost of recovering it. Also objectives of different companies change. I used to think they changed daily. I've now decided they change hourly. Good luck with what you have, but as my Grandmother used to say, "don't count your chickens before they hatch".