The Haynesville produced over 12 Bcf of natural gas in July, almost tripling its production in just 5 years.
After the Permian, it is the hottest US shale basin. In this post we look at the outlook, well productivity, and which operator benefit most.
This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
Visit ShaleProfile blog to explore the full interactive dashboard
This interactive presentation contains the latest gas (and a little oil) production data, from all 6,116 horizontal wells in the Haynesville that started producing from 2007, through July.
Natural gas production in the Haynesville set a new record in July, at over 12 Bcf/d (after upcoming revisions). This constitutes a growth of over 50% compared with the peak at the end of 2011 and almost a tripling of natural gas production in less than 5 years. After the Permian, the Haynesville is where most of the rigs are that are drilling horizontal wells (47 as of last week, according to the Baker Hughes rig count).
Supply Projection dashboard
Although the horizontal rig count has basically not changed since the start of the year, we expect more growth in output at the current level of rig efficiency and well productivity, as you can find in our Supply Projection dashboard:
Horizontal rig count and natural gas outlook in the Haynesville, based on current drilling activity & productivity, by year of first production.
On the current trajectory, output could continue to rise to over 16 Bcf/d by the end next year. The Haynesville is the only major US shale gas basin for which we see significant growth based on current conditions.
Well results have greatly improved in the last decade; the horizontal wells that were completed 10 years ago have an average EUR of about 4 Bcf, while newer wells are on a path to recover 2.5 times that amount (10 Bcf):
Ultimate recovery profiles (natural gas rate vs. cum. gas) for wells in the Haynesville, by vintage. Horizontal gas wells completed since 2010 only. Productivity ranking
Which operators have the best performing wells? The following overview shows the performance of all larger operators in this basin during the last 5 years:
Productivity ranking in the Haynesville, based on average cum. gas recovered in the first year, per 1,000 ft of lateral length. Hz. gas wells completed since 2016 only.
Goodrich Petroleum and Vine Energy have the best results, with about 0.8 Bcf of natural gas produced per 1,000 ft of lateral length during the first year on production, on average.
On the map, all included wells are displayed, colored by the same metric. The interactive version of this dashboard (available in our analytics service), allows you to click on an operator and exactly see where its wells are on the map.
In the final tab (“Top operators”), the leading 12 natural gas producers in this basin are listed. Comstock and Aethon Energy produce each over 1.5 Bcf/d here. Chesapeake, for a long time the number 1 in the basin, has fallen to the 6th position.
Later this week we will have a post on all covered US states.
Production data is subject to revisions.
Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3jZdSu5
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