By September 13, 2018 0 Comments Read More →

Haynesville Shale Gas Production Is Bouncing Back

Natural gas production at the Haynesville formation in northwest Louisiana and East Texas has been steadily rising this year to reach its highest level since September 2012.

Recovering natural gas prices, coupled with increased initial productivity rates in the Haynesville wells, have been the main drivers of the revival of the region whose production peaked in January 2012, the Energy Information Administration (EIA) said in a recent analysis.

Productivity gains in the Haynesville region are expected to continue in the near future as producers optimize natural gas recovery, the EIA says, while it expects spot prices of the U.S. natural gas benchmark Henry Hub to tick up into the next year, from currently expected average $2.99/million British thermal units (MMBtu) in 2018 to an average of $3.12/MMBtu in 2019

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