Gas production
from the US’s Haynesville Shale continues to favour the state of Louisiana over
East Texas, with the former set to become a major gas producing state while pipeline
development in East Texas continues to slow, a new report by business
intelligence expert GlobalData has found.
The new report*
found that several major gas companies are funding extensive infrastructure
developments in Louisiana to allow the transport of produce from the shale to
end-user markets. This will dramatically increase revenue from the shale, and
will dictate the growing competition for mining permits in the area. However,
investment in the same shale in East Texas will take the opposite direction as
production slows.
The Haynesville
shale has emerged as one of the most promising natural gas producing shales in
the US. The total production from Haynesville/Bossier shale increased from
427.23 billion cubic feet equivalent (bcfe) in 2008 to 1,877.15bcfe in 2010,
and is estimated to exceed 6,000bcfe by 2015 and 14,000bcfe by 2020.
Production from
the Haynesville shale in Louisiana increased significantly from 18.32bcfe in
2008 to 1,198.6.8bcfe in 2010. However, while production from Louisiana has
witnessed a rapid increase, production from East Texas has slowed, increasing
from 408.91bcfe in 2008 to just 678.59bcfe in 2010.
Drilling
activities in the Haynesville shale of Louisiana increased from 1,156 in
February 2011 to 1,802 in January 2012, showing a 55% increase in the number of
producing wells during the course of less than one year. Chesapeake Energy alone
had successfully drilled a total of 708 wells by last October, followed by EXCO
with 301 wells, Petrohawk with 262 wells, EnCana with 253 wells, and SWEPI LP
with 143 wells.
These companies have
also been undertaking activities to increase their production by improving
infrastructure and developmental facilities at the Haynesville shale. These
companies collaborated with large pipeline companies during 2011, in order to improve
transport for the extracted crude gas from producing wells to end-user markets.
Enterprise
Products Partners L.P. and Acadian Gas LLC jointly developed the Acadian
Haynesville extension pipeline in November 2011, and similarly, Energy Transfer
Partners LP completed its (ETC) Tiger Pipeline project in December 2010. This
pipeline is connected to seven interstate pipelines, and takes the production
from Haynesville/Bossier shale to Midwest and Northeast customers.
*Haynesville Shale in the US, 2012 - Gas Shale Market Analysis and
Forecasts to 2020
The report
provides an insight into oil and gas exploration, production and development in
the Haynesville shale play. The report also highlights the oil and gas
exploration potential of the Haynesville shale play, providing details of the
key exploration areas and major exploration companies in the US.
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