LOGA Weekly Drilling Report
Become a MemberCheck Out Our Online Videos


Subscribe Subscribe: News
8-17-2018

WASHINGTON, D.C. -- In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012.

The Haynesville formation lies deep underground between 10,500 ft and 13,500 ft. In comparison, the depth of the Marcellus shale ranges between 4,000 ft and 8,500 ft. This depth makes drilling costs in the Haynesville shale generally higher than other shale plays. However, breakeven costs have decreased in recent years, making Haynesville natural gas economic at its current prices.

Click HERE to read more ...