Over the years, the Haynesville’s significance to the natural gas industry has come in waves. In 2008 many predicted it would be the play that defined US natural gas production growth, and was the hot spot where investors and large E&Ps were trying to stake their claim.
But after the Henry Hub price crash of 2012 things changed. Rigs fell from 60 in January of 2012 to its lowest point of 10 in 2016, as many producers sold out of the basin, most with the intent to shift their focus to liquids.
Today, attitudes towards the Haynesville are shifting, and activity trends are reversing. Rig counts began to recover in 2017, and have been hovering at about 30 rigs since June, leading to an increase in wells drilled across most top operators.Click HERE to continue reading ...