Does the Haynesville have any oil shale (liquids)?
With all the new buzz about the Oil Shales in the Barrnet and Eagle Ford I am just wondering has this been explored in the Haynesville?
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Replies to This Discussion
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Permalink Reply by Les Bamburg on -
PG,
"Condensate" sells at the same price as oil and costs are minimal since it only involves field separation and trucking to the nearest market access point.
"Natural Gas Liquids (NGL's)" are currently priced at ~ 60% of oil value and producers incur significant cost for removal of NGL's from natural gas in a processing plant plus the cost of pipeline transportation and product fractionation. Dependent upon the natural gas "richness" this can increase the wellhead netback price by 10-20%.
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Permalink Reply by Robert Duke on
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Would the Bossier shale, being shallower, have better potential in NW LA for condensate production?
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