Gas production in the state of Louisiana in the southern U.S. will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play.
Rystad Energy research shows that the Haynesville Shale alone was able to add 1.85 billion cubic feet per day of gross gas production (Bcfd) between the fourth quarter 2016 and the fourth quarter 2017. Another 1.3 Bcfd was added last year. Production needs to increase by another 700 million cubic feet per day (MMcfd) in order to reach new all-time highs.
“We conclude that Haynesville Shale’s revival, for the second year in a row, looks sustainable. Supported by its proximity to a new LNG export terminal, gas production will continue to grow, and achieving new all-time high gas production levels should happen within a matter of months,” Rystad Energy partner Artem Abramov said.