HAYNESVILLE RIG COUNT BY PARISH/COUNTY AND OPERATOR
THE GHS HAYNESVILLE SHALE RIG TRACKER. 2023
I'll update each week so we can follow the rig count. I am only counting rigs drilling the Haynesville and Bossier formations. Many industry rig numbers are for the "Haynesville Area", however they may defined that, and includes wells drilling other formations.
3/3: LA - 42, TX - 30: 72
3/10: LA - 42, TX - 24: 66
3/17: LA - 40, TX - 26: 66
3/24: LA - 37, TX - 25: 62
3/31: LA - 41, TX - 25: 66
4/7: LA - 38, TX - 26: 64
4/14: LA - 39, TX - 22: 61
4/21: LA - 38, TX - 21: 59
4/28: LA - 37, TX - 21: 58
5/5: LA - 33, TX - 22: 55
5/12: LA - 32, TX - 23: 55
5/19: LA - 27, TX - 24: 51
5/30: LA - 29, TX - 23: 52
6/3: LA - 28, TX - 22: 50
6/10: LA - 26, TX - 22: 48
6/17: LA - 25, TX - 21: 46
6/24: LA - 25, TX - 21: 46
7/1: LA - 26, TX - 21: 47
7/8: LA - 24, TX - 19: 43
7/15: LA - 27, TX - 18: 45
7/22: LA - 26, TX - 19: 45
7/29: LA - 25, TX - 20: 45
8/5: LA - 25, TX - 22: 47
8/12: LA - 24, TX - 22: 46
8/19: LA - 23, TX - 22: 45
8/26: LA - 23, TX - 21: 44
9/2: LA - 23, TX - 22: 45
9/9: LA - 22, TX - 22: 44
9/16: LA - 22, TX - 23: 45
9/23: LA - 22, TX - 23: 45
9/30: LA - 22, TX - 20: 42
10/7: LA - 23, TX - 19: 42
10/14:LA - 24, TX - 20: 44
10/21: LA - 21,TX - 20: 41
10/28: LA - 23,TX - 20: 43
The end of this thread.
Views: 28119
Replies to This Discussion
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Permalink Reply by Rock Man on
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Rig count dropped by a third as gas prices tank.
Great example of "gas farming" - prices up and turn on the machine to produce more gas. Machine into mothballs as prices drop.
Most everything HBP so no need to drill to hold acreage.
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Permalink Reply by Skip Peel - Mineral Consultant on
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I'm impressed that Haynesville focused operators have managed a one third drop in rigs in a relatively short period of time. Since Haynesville wells are so front end loaded it will take some time for production volumes to drop but this bodes well for next year when most crystal ball gazers expect prices to stay in the $3.10 to $4.10 range. Then it will depend on global LNG prices as the next wave of export facilities begin to come on line late in 2024 and early 2025.
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Permalink Reply by Rock Man on
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One has to wonder how operators are handling their longer-term contracts with drilling contractors. They don't want to release a rig for good - may not get one back when they need it. So are they paying a "stand by" day rate for rigs as they are stacked / stored and maintained waiting for new drilling?
Same issues with all the ancillary services needed for drilling - those products may just be released and then "re acquired" when needed.
A logistical chess game going on as to these services.
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Permalink Reply by Skip Peel - Mineral Consultant on
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I'd also like to know the answer to those questions. In previous down turns, the rigs most like to be retired were those that were older and not the best equipped to drill ever lengthening laterals. Hook loads* and horse power requirements have increased and I would think the more technologically advanced rigs would be those most likely to be put on "stand by".
* The hook load is the vertical force that pulls down on the elevator or the top-drive shaft at the bottom of the travelling equipment. It is determined by the forces that act on the drill string attached to the hook, including the weight of the submerged string and mechanical and hydraulic friction forces.
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Permalink Reply by Jesse Joyner on
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Over the last quarter, the HH futures for NG have been repeatedly adjusting down and down some more when a front-month expiration inches to closing out.
Not a good sign. Seems like Wall Street speculators are getting cold feet and don't want to keep losing money on the casino's come line.
But still, hope springs eternal that the Nov. quote of $2.938 won't adjust down below a wishful $2.60 or so. Maybe the temptation of a profitable pull from wells completed thereafter, with a futures price of over $3 for December -- will stimulate a bit of drilling in regards to the permitted sections in limbo in the HA since the beginning of the year. In other words, the permits have been booked but there's been no spudding. A big wait-and-see.
Of course, I'm not objective in this regards. My family could use a cash-flow Christmas gift of juiced royalty payments with some new wells spudding by the end of 2023. That'd ring the holiday bell.
Note: The way things are going in Ukraine, maybe our LNG to the EU will kick up a bit with some hefty buys. Yet China's buying and selling of LNG, for a profitable upside, is a concern.
Still, hope springs eternal, albeit with some blemished lackluster.
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Permalink Reply by Skip Peel - Mineral Consultant on
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6/17:
LA: 25 - DECREASE OF 1.
Bienville: Aethon (1)
Bossier: Comstock (1), BPX (1)
Caddo: Trinity (2), Chesapeake (1), Silver Hill (1)
DeSoto: Comstock (2), Aethon (1),SWN (4), Chesapeake (3), GEPH II (1), BPX (1)
Natchitoches: SWN (1)
Red River: SWN (2), Chesapeake (2)
Sabine: GEPH II (1)
Webster: 0
TX: 21 - DECREASE OF 1.
Angelina: Aethon (4)
Harrison: Comstock (2), Sabine (1)
Nacogdoches: Aethon (2), EXCO (1)
Panola: Rockcliff (4), R Lacy (1), Chevron (1), TGNR E TX (1), Sabine (1)
Sabine: 0
San Augustine: Aethon (2), Pine Wave (1)
Shelby: 0
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Permalink Reply by Skip Peel - Mineral Consultant on
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Permalink Reply by Skip Peel - Mineral Consultant on
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7/1:
LA: 26 - INCREASE OF 1.
Bienville: Aethon (1), Comstock (1)
Bossier: Comstock (1)
Caddo: Trinity (2), Chesapeake (1), Silver Hill (1), BPX (1)
DeSoto: Comstock (2), SWN (4), Chesapeake (3), GEPH II (1), BPX (1)
Natchitoches: SWN (1)
Red River: SWN (2), Chesapeake (2), BPX (1)
Sabine: GEPH II (1)
Webster: 0
TX: 21 - NO CHANGE.
Angelina: Aethon (5)
Harrison: Comstock (1), Sabine (1)
Nacogdoches: Aethon (2), EXCO (1)
Panola: Rockcliff (4), R Lacy (1), Chevron (1), TGNR E TX (1), Sabine (1)
Sabine: 0
San Augustine: Aethon (1), Pine Wave (1), Brahma Services (1) *
Shelby: 0
* This is the first instance of Brahma Services appearing in the rig count.
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Permalink Reply by Rock Man on
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Not 100% sure of this, but Brahma Services may be a services / workover entity tied to Aethon.
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Permalink Reply by Skip Peel - Mineral Consultant on
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I went back and looked at the rig report. Brahma is drilling a Salt Water Disposal Well (SWD) likely for Aethon but the field is listed as "Carthage", the field designation for the Haynesville. So, why would Aethon need a SWD for Haynesville wells in the some of the deepest TVDs of the fairway? Aethon has drilled a good number of HA wells in San Augustine.
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Permalink Reply by Skip Peel - Mineral Consultant on
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That's the only reason that makes sense to me but do you think that the produced water is being injected back into the Haynesville???? That doesn't seem to make sense. A SWD well should be permitted to a shallower more porous zone, not the Carthage.
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6/17:
LA: 25 - NO CHANGE.
Bienville: Aethon (1)
Bossier: Comstock (1), BPX (1)
Caddo: Trinity (2), Chesapeake (1), Silver Hill (1)
DeSoto: Comstock (2), SWN (4), Chesapeake (3), GEPH II (1), BPX (1)
Natchitoches: SWN (1)
Red River: SWN (2), Chesapeake (2), BPX (1)
Sabine: GEPH II (1)
Webster: 0
TX: 21 - NO CHANGE.
Angelina: Aethon (4)
Harrison: Comstock (1), Sabine (1)
Nacogdoches: Aethon (3), EXCO (1)
Panola: Rockcliff (4), R Lacy (1), Chevron (1), TGNR E TX (1), Sabine (1)
Sabine: 0
San Augustine: Aethon (2), Pine Wave (1)
Shelby: 0