Attached is a chart that shows the combined production rate of four of the southern region shale gas plays (Barnett, Fayetteville, Haynesville & Eagle Ford). The combined production reached 14 billion cubic feet of gas per day in May.
Note on the first chart that the Haynesville Shale finally passed the Barnett Shale in April to become the biggest gas producer and is approaching 6 Bcfd.
The final chart shows how the "Big 3" shale gas plays have fueled the growth in US production over the last five years.
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Les B,
I guess It's my day to say "Thanks." I have used and shared your posts with just about every one I talk with concerning the HS. And, We appreciate all you do. Thanks again.
the problem, IMHO, is that the Haynesville curve doesn't look to be leveling off... curious to see how many months before the general slow down affects the curve..
Dbob, you have hit on the key question - at what level will the Haynesville Shale peak?
Basically this is a function of production rate and rig count. I am thinking production will level in the 6 to 7 Bcfd range assuming the rig count decreases down to ~ 80 - 90. If the rig count stays higher then we are probably going to be in the 7.5 Bcfd zip code.
Thanks
Given the ROR Available in the Haynesville, relative to other plays, I would think that once HBP is complete, the # of rigs in the Haynesville will decline well past 80, but operators will continue to drill some to keep their infrastructure in an efficient utilization range (e.g. CHK's recent alternate unit wells).
Other than that, maybe there will be some opportunities for some of the smaller companies that can't afford to get into the Eagle Ford or Marcellus to pick up some of the fringe acreage and get their modest ROR...
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