Haynesville Natural Gas Production Reaches Five-year High
By CT2 Staff09 August 2018
The U.S. Energy Information Administration (EIA) reports that in June, natural gas production in the Haynesville shale formation in northeastern Texas and Louisiana averaged 6.35 Bcf/d, 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 and 13 500 ft. In comparison, the depth of the Marcellus shale ranges between 4000 and 8500 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, according to the EIA.