Who owns Haynesville Shale?
Chesapeake Energy
Chesapeake Energy is the largest leaseholder of the Haynesville Shale with more than 500,000 net acres followed by EnCana and Shell with over 300,000 net acres each. Petrohawk also has over 300,000 net acres targeting the Haynesville. Activity increased dramatically in mid 2008 as oil and gas prices soared.
Where is Haynesville Shale located?
The Haynesville/Bossier Shale, located in East Texas (Railroad Commission of Texas District 6) and Western Louisiana, is a hydrocarbon-producing geological formation capable of producing large amounts of gas. The productive interval of the shale is greater than 10,000 feet below the land surface.
What does matador resources Company do?
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.
Is there oil in the Haynesville Shale?
In the Haynesville Field area, it has primarily sandstones (including reservoirs productive of oil and gas).
Is there fracking in Louisiana?
More than 2,200 fracking wells have been drilled in Louisiana’s 11,000-feet-deep Haynesville Shale, posing significant contamination risk to surrounding populations. Oil and gas companies are drawn to the state for the generous tax breaks doled out to horizontal drilling operations.
Is Haynesville Shale still producing?
However, by the end of 2020, production recovered to pre-pandemic levels and reached 12.4 bcfd in December 2020. After a 11% monthly fall in natural gas output during the winter storm of February 2021, the production has been on upward trend throughout the whole 2021.
What Basin is the Haynesville in?
North Louisiana Salt Basin
The Haynesville Shale (also known as the Haynesville/Bossier) is situated in the North Louisiana Salt Basin in northern Louisiana and eastern Texas with depths ranging from 10,500 to 13,500 feet (Braithwaite, 2009; Parker et al., 2009; US EIA, 2011a).
Is Matador stock a buy?
Matador Resources has received a consensus rating of Buy. The company’s average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
How many employees Matador Resources?
264 total
Company Description: Matador Resources Company is located in Dallas, TX, United States and is part of the Oil and Gas Extraction Industry. Matador Resources Company has 264 total employees across all of its locations and generates $1.66 billion in sales (USD).
How much gas is in the Haynesville Shale?
Well completion technology. According to a US Geological Survey (USGS) report issued in 2017, the Haynesville Shale contains 304 Tcf of natural gas plus 1.9 billion barrels (Bbbl) of natural gas liquids (NGLs) — making it the largest continuous natural gas assessment the USGS has ever conducted.
Is Haynesville dry gas?
Haynesville production is dry gas, so it does not have to be processed before being liquefied. Several industry sources estimate there are between 35,000-50,000 wells left to be drilled in the play, so production is scalable.
What is the Haynesville Shale?
Sandwiched between the also unconventional Cotton Valley, Bossier and Smackover formations, the Haynesville Shale is one of the most notable plays along the U.S. Gulf Coast. In addition to its overall size, the Haynesville is known for its high porosities.
What is happening in the Haynesville region?
Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. As of December 2020, the number of working rigs is up 25% in the Haynesville since July 2019.
What is the Haynesville gas field known for?
In addition to its overall size, the Haynesville is known for its high porosities. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves.
How much natural gas is in the Haynesville?
The Survey’s new estimate was 304 Tcf of recoverable natural gas for the combined Haynesville and Bossier formations that fattened up its prior estimate by a whopping factor of five.