Headline today: Chesapeake Energy to invest $2B annually in LA.
The Shreveport Times headline story this morning, Saturday, July 25, is interesting. Chesapeake Energy projects it will, until at least 2029, and likely beyond, invest another $2 billion annually in Louisiana.
Quoting the article, "Approximately 10,000 wells will be drilled, coming at a cost of $75 billion, to release 65 trillion cubic feet of natural gas from the play that primarily is in northwest Louisiana."
CEO Aubrey McClendon added that he predicts production from the Haynesville Shale, which covers all or parts of seven parishes and spreads into east Texas, will surpass Texas' Barnett Shale by 2015.
Quoting the story again, "This past year has helped Chesapeake Energy more readily define what are considered the four boundaries of the Haynesville Shale, McClendon said. He busted the hope of anyone in south Arkansas or Monroe who may be holding out hope it will reach there.
Its limits generally are as far west as Marshall, Texas, in Harrison County and perhaps dips into Shelby County. All of DeSoto and Red River parishes are included and it reaches about 10 to 15 miles north of Shreveport-Bossier City."
There's a lot more to the report if anyone wants to read it. The point so reflective of what we talk about at GHS.com was that the H.S. has the potential of producing as much gas in a year as the country consumes in three years - there's no reason for the U.S. to continue importing fuel from unfriendly foreign countries.
Quoting the article, "Approximately 10,000 wells will be drilled, coming at a cost of $75 billion, to release 65 trillion cubic feet of natural gas from the play that primarily is in northwest Louisiana."
CEO Aubrey McClendon added that he predicts production from the Haynesville Shale, which covers all or parts of seven parishes and spreads into east Texas, will surpass Texas' Barnett Shale by 2015.
Quoting the story again, "This past year has helped Chesapeake Energy more readily define what are considered the four boundaries of the Haynesville Shale, McClendon said. He busted the hope of anyone in south Arkansas or Monroe who may be holding out hope it will reach there.
Its limits generally are as far west as Marshall, Texas, in Harrison County and perhaps dips into Shelby County. All of DeSoto and Red River parishes are included and it reaches about 10 to 15 miles north of Shreveport-Bossier City."
There's a lot more to the report if anyone wants to read it. The point so reflective of what we talk about at GHS.com was that the H.S. has the potential of producing as much gas in a year as the country consumes in three years - there's no reason for the U.S. to continue importing fuel from unfriendly foreign countries.
Views: 121
Replies to This Discussion
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Permalink Reply by ALongview on
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How long do you think it will be before we define the Texas side of things? We are seeing alot of activity as far Southwest as the San Augustine and Nacagdoches county line and as far East as Southeast Shelby County. Is this not considered the Haynesville Shale just because of the they call it the Bossier Shale over there? Is it or is it not the same formation? I am still a bit confused about that so I apologize if the question seems repetitive. Also, could someone maybe tell me what effect the % of lime in the shale has to do with it's productivity? Thanks! 1st pic is one estimate of the Deep Bossier and the 2nd is the Haynesville estimates.
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Permalink Reply by Les Bamburg on -
AL, the entire shale interval is generally considered to be the Bossier Shale. The lower member of the Bossier Shale is referred to as the Haynesville Shale in Louisiana and sometimes the Lower Bossier Shale in both states and is the interval discussed as economic over the play area. In addition, in some parts of the play in Louisiana (De Soto Parish, Red River Parish, etc) the Middle Bossier Shale interval may also be economic for development.
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Permalink Reply by bigball N1/N2 on
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i guess they are still researching how far south it goes. cant wait to find out.
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Permalink Reply by BirdDawg, plain ole' idiot on
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olddog,
That is interesting.
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Catfish,
That is true, I have been told that it goes East of Ringold, but not how far.
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Permalink Reply by Catfish on
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I posted before about a map someone posted,I think it was a PHK map that showed HS activity. It showed a HS penetration in 18/8. I tried to find a well that might match up but couldn't. I really didn't know what to look far so my research was flawed. Not trying to put false hope for anyone but looking at the way things have developed I wouldn't be surprised if it went as far as R7 especially in the central part of the play.
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Permalink Reply by sesport on
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Thanks, Rosebud. Wonder if Palin thought "Drill, baby, drill!" would be applied to us? Somebody is going to have to rework that economic impact study, too. :0)
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Permalink Reply by JHH on
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Please send the link. I couldn't find... "... the rest of the story."
thanks,
jhh
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Permalink Reply by E & E on
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JHH,
Here's the link:
http://www.shreveporttimes.com/article/20090725/SPECIALPROJECTS02/9...
and on the same story another link:
http://www.bayoubuzz.com/News/Louisiana/Business/Bobby_Jindal_Opens...
Earlene
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