Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . Will 2022 be the beginning of a serious resurgence in the Haynesville Shale? 2023 Shale Experts, All rights reserved. Liquefied natural gas (LNG) is cooled to approximately minus 260 degrees Fahrenheit to achieve a liquid state for ease of shipping and storage. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), Tellurian Production, Revenues Soar in Q4 as Driftwood LNG Remains on Track, Inside Comstocks North Houston Western Haynesville, Williams, Chevron Agree to Natural Gas Production Projects in Haynesville and GoM, A&D Minute: Chesapeake's Eagle Ford Divestiture with a Twist [WATCH], WhiteHawk Picks Up Haynesville Mineral, Royalty Interests in $105 Million Deal, Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets, Tokyo Gas' TG Natural Nears $4.6B Deal to Buy Haynesville's Rockcliff. According to the FNGA, over 97 percent of the natural gas used domestically is produced here, in North America. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Southwestern Energy (SWN) guided to running 10-11 rigs between its Haynesville and Marcellus acreage, down 2-3 rigs from 13 total rigs in 2022. Haynesville is the third-largest. https://www.worldoil.com/magazine/2020/december-2020/features/shaletech-haynesville-bossier-shales, Source: U.S. Energy Information Administration (EIA), NATURAL GAS 06 Jan 2021 | 22:34 UTC New York, Amid bullish outlook, Haynesville gas producers gear up for record output in 2021, Production averaging over 13 Bcf/d in January, Rig count hits 12-month high at 46 on Dec. 30, Tighter supply, record exports bullish for Haynesville. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans, Chesapeake Energy Q4, Full Year 2022 Results; IDs $1.8B 2023 Capex, Top Haynesville E&P Cuts 2023 Drilling Program By 22%, Chesapeake Energy Third Quarter 2022 Results, Comstock Resources Third Quarter 2022 Results. During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. The Haynesville shale of northeastern Texas and northwestern Louisiana is the third-largest shale gas-producing play in the United States. Next month, the. Favorable geologic composition for Hydraulic fracturing,recompletions and refracs of existing horizontal wells. Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Underground Construction Technology Conference, Pipeline Capacity Growth Fuels Record Haynesville Gas Production, New Fortress Plans to Start Producing LNG at Altamira, Mexico in July, Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million, Sempra Beats Profit Estimates on Higher Earnings from California Units, French Court Dismisses Lawsuit Against TotalEnergies Over Uganda Pipeline Project, Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop, Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project, Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill, 416-Mile Coastal GasLink Pipeline Project Nears Completion, US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress, Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price, Methane Emissions Problem Requires Better Monitoring, Phillips 66 to Buy Pipeline Operator DCP Midstream, Lithuania-Latvia Gas Pipeline Rocked by Explosion, 250 People Evacuated, Mexico's Pemex Destroyed Resources Worth $342 Million from Two Top Gas Fields, Editors Notebook: Big Early Win for Northwest Capacity. Like the short (4,600-ft) laterals, our more recent operated 7,500-ft wells are outperforming materially to a composite estimate of approximately 2.8 Bcf/1,000 ft, due to higher proppant concentration and tighter cluster and frac interval spacing, President Rob Turnham said on Nov.8. Started by Skip Peel - Mineral Consultant in Shale Related Topics. It is one of the most revenue-generating shale plays in the U.S. Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022. He added that a new well in Robertson County in the western region that contributed to the companys success and that the company also drilled a second well. The three basins together accounted for 52% of U.S. dry natural gas production. Information on assets, buyers and sellers, deal values, and more. According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021 filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. Tellurian President and CEO Octvio Simes said, Tellurian continues to focus on two critical pathways - progressing Driftwood LNG and continuing to increase our upstream footprint. On March 28-29, 2023, Hart Energy LIVE's DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. Our analysis visualizes several different scenarios that the system may face over the coming years. Comstock Resources, Inc.reported financial and operating results for the quarter and year ended December31, 2020. Posted by Skip Peel - Mineral Consultant on February 24, 2023 at 18:14 in Shale Related Topics; View Discussions Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. "We hope to be able to announce some agreements that we are close to getting signed over the next few years," McCrea said, noting the company was "still a ways from FID but we are really excited about where that project is going. Driven by newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot. Last reply by Keith Mauck (Site Publisher) Feb 16. A key factor in Haynesvilles ability to sustain an advantage against the Appalachian region will be to maintain the relative ease with which operators can transport gas from wellheads to Gulf coast markets, compared to the bottlenecks and mid-stream project cancellations that producers in the Northeast have to grapple with. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Powered by, Badges | New York Haynesville gas production is surging into the new year, climbing to its highest in nearly eight months, as operators there respond to a bullish outlook for the basins strategically located supply. Please check your browser settings or contact your system administrator. Like Comstock,Goodrich PetroleumCorp. is exploiting higher prices to elevate proppant concentrations to as high as 4,100 lb/ft, with comparative analysis showing marked increases in recoveries, exceeding the companys 2.5 Bcf/1,000 ft curves. Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC We like to be contrarian. Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets, Riverbend Finalizes $1.8B Sale of Portfolio Companies, Southwestern Energy Co. Second Quarter 2022 Results, See FULL list of Oil Rig Drawing Well Logging Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license. Our Business . Youll see that our creative team is continuing to push beyond their comfort zone to create that WOW experience for every clients play, tool or oil and gas technology project with our animated graphics. Started by Rebecca Lane in Shale Related Topics. The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. With new effects and cutting-edge, 3D modeling software, we can go beyond the norm and create that one of a kind technical animation, illustration, or oil and gas graphic animation youre looking for! In the end your minerals are only worth what someone is willing to pay for them. This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The company reported 334,716 boe/d in first half 2022 production from the Haynesville, comparable to the total 887,668 boe/d produced by the company across all its assets, according to Enverus data. Posted by Keith Mauck (Site Publisher) on December 4, 2020 at 10:08. View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006148/en/, Media: In January, total US feedgas demand has remained at a record-high 11 Bcf/d as US exporters look to capture multiyear highs in Northeast Asias import market where the JKM settled Jan. 6 at nearly $20/MMBtu amid a regional cold snap and a surge in Japanese power prices. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. The Haynesville Shale is Sandwiched in 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. The forward-looking statements in this press release speak as of the date of this release. We have seen a pickup in competition on the gas side that didnt exist, even six to 12 months ago, but that doesnt concern us or impede our ability to successfully execute our M&A strategy, he said. The Haynesville royalties are in the core of the basin, WhiteHawk said, adding that its position will cover 375,000 gross unit acres in northwestern Louisiana. The preliminary agreement with Sempra Infrastructure is designed to increase global access to low-carbon Haynesville natural gas via Williams wellhead-to-water strategy, the company said. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Rextag database of energy infrastructure assets. Created Date: 20230223161325-06 . JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and. PHXhas added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. USGS 2016 estimates undiscovered, technically recoverable mean resources of 1.1 Billion Barrels of Oil & 195.8 Trillion Cubic Feet of Gas in the Upper Jurassic Haynesville Formation. The Haynesville averaged 11.2 Bcf/d in 2021. These 3D oil and gas graphics are from many projects we have created up to this point. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. The Barnett remains No. 2023-01-12 - Equinor experienced a power outage at the Johan Sverdrup oilfield, leading to a reduced production rate for two consecutive days. U.S. Supreme Court declines to hear oil firms' appeal of coastal lawsuit ruling, The Race to Debottleneck U.S. LNG Feedgas Routes, Aethon mails checks for two new Titan wells, Promised Land Official Trailer #1 (2012) - Matt Damon Movie HD, U.S. NATURAL GAS MONTHLY SETTLEMENT PRICE TRACKER, Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance, U.S. LNG producers poised to leapfrog rivals with three new projects. Unauthorized distribution, transmission or republication strictly prohibited. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as natural gas prices have fallen over 70% since September, said, With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). Petrohawk Energy Corp. and Chesapeake Energy Corp. both announced lease acreages in Louisiana, sparking a flood of interest to the region. Started by Steve P in Shale Related Topics. So, Pittman estimated a royalty payment after production drops to a baseline of 1-million cubic feet per day after a few years as, "seventy-five dollars per month for one acre in a 640-acre drilling and production unit." Seventy-five dollars seems incredibly low, compared to the numbers batted around by the general public. Meritorious Awards for Engineering Innovation (MEAs), Gulf of Mexico Energy Transformation Conference, Meritorious Awards for Engineering Innovation (MEA), U.S. Drillers Cut the Most Oil and Gas Rigs in a Month Since June 2020: Baker Hughes, Industry Short on Data about Fully Treated Produced Water, Neptune Energys Rmerberg 6 Well Begins Production, Partial Outage Continues at Norway's Sverdrup Oilfield. Rextag database of energy infrastructure assets. Tellurian Operating, LLC Thunderbird Resources LP Trinity Operating (USG), LLC Vine Oil & Gas, LP XTO Energy, New Sections Coming: Permian Basin, Eagle Ford Shale, Piceance Basin, Denver/DJ Basin, Fort Worth Basin (Barnett Shale), Future: Anadarko/Arkoma Basin, Williston Basin (Bakken Shale), Green River Basin, Uinta Basin (Mancos), Appalachian (Marcellus Utica). FRISCO, TX, May 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas Company, today announced that it has entered into an agreement to. US tight oil production was flat m-o-m in June, at 7.3 million b/d (after upcoming revisions). 1723 Analog Dr. Unauthorized distribution, transmission or republication strictly prohibited. All rights reserved. Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. Some 500 ft shallower and with associated lower temperatures, Vines mid-Bossier wells are trending drainages as high as 2.5 Bcf/1,000 ft, and at completed well costs of $2.75 million for 7,500-ft laterals, they deliver from 50% to 60% return rates. The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d for all of 2021, making it the second-highest producing play. (6) Management estimate for 2023 based on a capital budget of ~$330 million that has not been approved by the Tellurian board of directors. 5 min read This article was originally published on ETFTrends.com. Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. Already have an account ? All rights reserved. Apr 13, 2022 Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. 2021 Tellurian Inc. All Rights Reserved. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. Last reply by Skip Peel - Mineral Consultant 9 hours ago. 2023 Hart Energy. (2) Asset-level EBITDA excludes corporate general and administrative expenses. Alternative energy deals make their mark as sector dominates 2022 M&A . At Southwestern, the companys strategic intent is to generate resilient free cash flow from responsible natural gas development, has enabled it to establish a presence within the two largest natural gas basins in the U.S. and become the largest gas producer in the Haynesville shale. Natural gas is an abundant resource across the United States. Both natural gas and crude oil commodities are being forecasted to maintain an upward trend throughout 2022-25. Williams Cos. (NYSE: WMB) sees the Haynesville Shale as a major source of growth from a gathering perspective and as a corridor to transport certified gas to LNG exporters seeking lower. The Haynesville Shale's overpressurization is one of its key properties, which has helped to produce some extremely high initial production rates. Management estimate for 2023 based on a capital budget of ~30 million that has not been approved by the Tellurian board of directors. Recent gas pipeline scrapes are running ahead of expectations, reaching record highs of ~99.3 Bcf/d in September, with MTD gas production estimated at 98.7 Bcf/d, which compares to the August average of 97.7 Bcf/d and the September 2021 average of 92.7 Bcf/d, the analysts stated. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy Vine controls 188,000 net acres in northwestern Louisiana, where along with the Haynesville, the once-bypassed mid-Bossier zone has emerged as a primary target. Respondents indicated that, U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. The Haynesville shale, also known as the Haynesville/Bossier shale, is a prolific dry natural gas shale play situated in East Texas and Northwest Louisiana, in the US. In addition to its overall size, the Haynesville is known for its high porosities. The map above illustrates the many countries worldwide that receive exports from LNG carriers transporting from four of the US Gulf Coast area LNG terminals. The January increase made, Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.s Plaquemines LNG export facility. Total production. The second private company to emerge as a Haynesville top player, Rockcliff production totaled 205,997 boe/d in the Haynesville in the first half of the year, according to Enverus. Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1). Phone +1.832.320.9331 The effective date of the transaction is August 1, 2022. Comstock also participated in 16 (1.3 net) non-operated Haynesville shale wells in 2020. The Surveys 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. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. According to data by the EIA, Haynesville natural gas production accounted for about 13 percent of all U.S. dry natural gas production in February 2022. The LEAP, Index 99, and the CJ Express pipelines have since alleviated these potential strains, with utilization rates currently back near 70%. . We have Oil & Gas STOCK Photographs The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline. (3) Reserves and inventory information as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) as prepared by Netherland, Sewell & Associates in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management System (PRMS). This STOCK U.S. LNG Export Map is Available for License Sources for the news stories include company press releases, industry events, press coverage, and our . Fellow private operatorVine Oil & GasLP. Under a scenario in which all new projects are approved, constructed, and are brought online, and the Mid-Con stays at its currently forecast low levels, the system will stay at a level comfortably under 90% well into the medium term, providing sufficient capacity for a booming third growth phase. Ellie Grace/1HA . Natural gas production in the Haynesville declined steadily from mid-2012 until 2016, due to its relatively higher cost to produce natural gas compared with other producing areas, according to the EIA report. HOUSTON--(BUSINESS WIRE)-- Started by Skip Peel - Mineral Consultant in Shale Related Topics. CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (the "Company" or "STEP") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2022. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. The EnSight asset is a great fit with Tellurians existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.. Dec 18, 2020, 10:00 AM CST For Haynesville producers, current prices offer a generous margin to sustain future growth. Last reply by Skip Peel - Mineral Consultant 10 hours ago. The. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . Follow the topics you want and receive the daily emails. Oil & Gas 360 c/o EnerCom, Inc. 410 17th Street Suite 250 Denver, CO 80202 360support@enercominc.com 303-296-8834 E-mail for Advertising Information or call 303-296-8834 x 243 Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. The U.S. will become the biggest seller of the super-chilled fuel in 2025., As reported by oilprice.com Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad. Weve also committed 700 MMcf/d to a new pipeline to be built by momentum from the heart of the Haynesville play down to [Gilles], he continued. Analysts from J.P. Morgan found in its September JPM Natural Gas Reservoir report a 54% increase in Haynesville rig activity from the 46 average count in 2021 to 71 in the first half of 2022. LNG Prices Soar to Six-Year High We hope you enjoyed your trial to the website. Last reply by Rebecca Lane Feb 16. That project, which Energy Transfer gained via its acquisition of Enable Midstream in December 2021, is backed by a 20-year agreement with the $10 billion Golden Pass LNG export plant now under construction in Texas by QatarEnergy (70%) and Exxon Mobil (30%) . All material subject to strictly enforced copyright laws. Naturally high-pressured reservoir raises gas to the surface,reducing initial artificial lift and associated costs. "Years of relatively low natural gas prices meant it was less economical to drill deeper wells," the report continued. So far this year, the Haynesville formation in Northwest Louisiana and East Texas has had four deals totaling $1.65 billion, according to Andrew Dittmar, director at Enverus. "However, because natural gas prices have increased since mid-2020, producers have an incentive to increase the number of rigs in operation and use those rigs to drill deeper wells.". Your daily news has saved me a lot of time and keeps me up-to . Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Quantum Energy Partners-backed Rockcliff Energyproduces more than 1Bcf/d of naturalgasfrom East Texas' Haynesville shale formation. The latter half of the year was dedicated to focusing on Chesapeakes midstream capacity, the company shared on its third-quarter 2022 earnings call, which includes developing a new pipeline project with an associated carbon capture and sequestration program. Sign in to get the best natural gas news and data. In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline, Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity, which often are revised. (Click here to inquire). Changes in technology and industry practices, combined with an increased understanding of the regional geologic framework, can have a significant effect on what resources become technically recoverable, Walter Guidroz, program coordinator of the USGS Energy Resources Program, said about his scientists new assessment of the Haynesville Shale. Editors note: This is one in an occasional series of articles examining the state of major U.S. shale plays at the end of 2022. Indigo Natural ResourcesLLC is among the most active of the privately held operators, averaging four to six rigs and one to two frac spreads. The Haynesville discovery well was drilled by Chesapeake Energy in Desoto Parish in March 2008. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. Dies geschieht in Ihren Datenschutzeinstellungen. Our analysis on Haynesvilles current and planned takeaway capacity concludes that the basin has the capacity to sustain the forecast production growth up to 2024, the year when potential bottlenecks could start, unless new pipeline projects get approved. 32 Bcf/d total natural gas production. The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million which is based on the price of natural gas and may be payable in March 2023 under certain conditions. The average initial production rate of these wells was 24 MMcf per day and had an average completed lateral length of 9,288 feet. Ravnaas said others are taking notice of the improving market. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. Shale Experts is a Members ONLY resource. During the companys third-quarter 2022 earnings call, chairman and CEO Jay Allison shared that Comstock had highest quarterly results ever achieved in its history thanks to the increased sale of shale natural gas. Despite the pandemic, US power generation from natural gas increased 9% in January to June 2020 over the same period for 2019. More than 2,500 Subscribers rely on our data each day. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. This transaction grows our 2023 estimated natural gas production by ~30%, increases upstream asset-level EBITDA by ~25%, and expands upon our existing platform., TPC President John Howie added, We have been diligently growing our natural gas production and reserves in the Haynesville.
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