Haynesville pure fuel manufacturing reached a file excessive in March 2023
Knowledge supply: Enverus, state administrative information
Dry pure fuel manufacturing from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in March 2023, averaging 14.5 billion cubic ft per day (Bcf/d), 10% greater than the 2022 annual common of 13.1 Bcf/d, in response to information from Enverus. Haynesville pure fuel manufacturing at present accounts for about 14% of all U.S. dry pure fuel manufacturing.
Knowledge supply: Enverus, state administrative information
The Haynesville is the third-largest shale gas-producing play in america, behind the Marcellus play within the Appalachian Basin and the Permian play in Texas and New Mexico. In 2022, dry pure fuel manufacturing averaged 25.2 Bcf/d from the Marcellus play (83% of Appalachian Basin manufacturing) and 15.4 Bcf/d from the Permian play. The Marcellus, the Permian, and the Haynesville performs mixed account for 55% of U.S. dry pure fuel manufacturing.
Pure fuel manufacturing within the Haynesville elevated in 2022, from a median 12.4 Bcf/d in January to 13.9 Bcf/d in December. Pure fuel costs rose comparatively steadily by the summer time of 2022 as nicely. The U.S. benchmark Henry Hub, after reaching a month-to-month excessive for the yr in August at $8.81 per million British thermal items (MMBtu), declined to common $5.53/MMBtu in December—nonetheless 26% larger than at first of the yr. Drilling prices within the Haynesville are typically larger as a result of pure fuel wells within the play are deeper than in different performs. As pure fuel costs rose in 2022, economics for growing new wells within the Haynesville improved, which led some producers so as to add extra rigs within the play and improve manufacturing.
Knowledge supply: Thompson Reuters pricing information and Baker Hughes Firm weekly rig rely information
The rise in lively pure gas-directed rigs within the Haynesville in 2022, as reported by Baker Hughes, adopted rising pure fuel costs. Within the Haynesville, a median of 65 rigs had been in operation in 2022, a 43% improve in contrast with 2021. Within the first three months of 2023, as pure fuel costs fell, the variety of lively rigs within the Haynesville plateaued at about 68 rigs.
Pipeline takeaway capability out of the Haynesville is at present estimated to be round 16 Bcf/d, in response to S&P International Commodity Insights. The Enterprise Merchandise Companions’ Gillis Lateral pipeline and the related enlargement of the Acadian Haynesville Extension, which each transfer pure fuel from the Haynesville to demand facilities and liquefied pure fuel terminals alongside the U.S. Gulf Coast, had been the most up-to-date pipeline initiatives to enter service (December 2021) within the area.
As well as, three new pipeline initiatives, if accomplished on time, will add 5.0 Bcf/d of takeaway capability out of the Haynesville by the tip of 2024:
Principal contributor: Katy Fleury
Tags: manufacturing/provide, pure fuel, Haynesville
Simply over one yr in the past…
Haynesville Shale: File Pure Fuel Manufacturing
Visitor “Fracking A, Bubba,” by David Middleton
The Haynesville Shale (technically Haynesville/Bossier) in northeast Texas and northwest Louisiana is the third largest pure fuel play, by way of manufacturing fee and proved reserves, in these United States. Haynesville fuel manufacturing set a file excessive in 2021 and can seemingly break that file this month.
[…]
WUWT April 15, 2022
Frac On!
From 2000 to 2022, “shale” fuel manufacturing soared from 3 Bcf/d to 80 Bcf/d. If you add in pure fuel manufacturing from typical reservoirs, the whole is at present 113 Bcf/d… Fairly superior… Proper? Malthusians can be warning us that we’re draining our reserves and will preserve the fuel for… A wet day, I suppose.
“Riddle me this, Batman”…
Abiotic oil aficionados shall be salivating like Pavlov’s canine after they see the next graph (the one for crude oil could be very comparable).
The info sources:
Riddle me this, Batman… How is it attainable that we produced 1,302,951 Bcf (1,303 Tcf) of pure fuel from 1963-2022, when the whole proved reserves have by no means exceeded 625,373 Bcf (625 Tcf)?
Trace: The reply lies within the definition of “proved reserves.” To those that give you different hypotheses to resolve the riddle, Sasquatch says…
Addendum
I ought to have included the definition of proved reserves within the put up.
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