haynesville shale news 2022

Ellie Grace/1HA . Merced Capitalhas retained Detring Energy Advisors to market for sale itsdiversified non-operated wellbore-only producing assetslocated across six of the most prominent basins across the Lower 48. The Haynesville Shale (also known as the Haynesville/Bossier) is a black organic-rich shale formation with an average thickness of 250 feet. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu. It was named after the town of Haynesville in Claiborne Parish Louisiana, about 65 miles northwest of Shreveport and just south of the Arkansas border. Read More, Badges Report an Issue Terms of Service. Already have an account ? Last reply by Rick Jackson Feb 13. The. The words anticipate, assume, believe, budget, estimate, expect, forecast, initial, intend, may, plan, potential, project, proposed, should, will, would, and similar expressions are intended to identify forward-looking statements. 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. Terms of Service, As exciting as this is, we know thatwe havea responsibilityto do this thing correctly. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 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 remained relatively strong in early 2022. Stats Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. The Appalachian Basin's Marcellus play remains the highest-producing shale gas play in the United States, producing an average 31.7 Bcf/d of natural gas during 2021. . Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. According to GlobalData, natural gas production in the Haynesville shale is projected to grow at CAGR of 3% during 2021-25. 1.800.427.5747 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 TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions. EAST TEXAS & WESTERN LOUISIANA HAYNESVILLE BOSSIER PLAY, The U.S. Could See Record Natural Gas Production In 2022. Dec 18, 2020, 10:00 AM CST Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. These 3D oil and gas graphics are from many projects we have created up to this point. The company produced a total of 314,483 boe/d, 28 bbl/d of oil and 1.88Bcf/d of gas in the Haynesville in the first half of 2022. This is a change of -1.37% from last month and 28.57% from one year ago. Drilling Results Comstock spent $483.6 million during 2020 for drilling and development activities in 2020. Started by Skip Peel - Mineral Consultant in Shale Related Topics. Information on assets, buyers and sellers, deal values, and more. 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 rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds of trillions of cubic feet. According to the FNGA, over 97 percent of the natural gas used domestically is produced here, in North America. It remains poised to see a production growth of 5 Bcfd or . This event is the meeting place to network and gather market intelligence from . Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. 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. Those three projects added 1.3 Bcf/d of takeaway capacity from the Haynesville area, raising its total estimated takeaway capacity to 15.9 Bcf/d, according to PointLogic. By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. Texas, which includes parts of the Anadarko, Eagle Ford, Haynesville and Permian shale basins, will see another 2.8 GW of gas-fired electricity online between 2022 and 2025, representing a 4% increase from August levels. A searchable database of oil and gas debt and equity offerings. 2023 Created by Keith Mauck (Site Publisher). Dry gas is a pure gas well as seen in Haynesville, Marcellus, Utica, and Fayetteville, as opposed to wet gas, or associated gas, as seen in oil rich basins like the Permian and DJ basins . As Haynesvilles second growth phase began and operators returned to the previous record production numbers from the first boom in late-2019, the system touched the key 90% level of utilization, above which it may come under strain with bottlenecks occurring. 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. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. More recently, Energy Transfer said it has started construction of the 1.65 Bcf/d Gulf Run pipeline to move gas from the Louisiana Haynesville to the Gulf Coast. Nov 2022 - Feb 2023 4 months. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance. In addition, the associated expansion of Enterprise's Acadian Haynesville Extension entered into service in December 2021. Tellurian Inc., which is developing the 27.6 mtpa Driftwood LNG project south of Lake Charles, produced an average of 225 MMcf/d in fourth-quarter 2022 and expects production to remain flat in 2023. 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. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. 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. 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 data by the EIA, Haynesville natural gas production accounted for about 13 percent of all U.S. dry natural gas production in February 2022. 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. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions, Williams Signs LNG Deal Connecting Haynesville Gas to International Markets. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. Upstream Midstream Downstream CO2 Sequestration, Carbon Dioxide Enhanced Oil Recovery CO2 EOR, Stock Educational Oil and Gas Animations, Stock Oil and Gas Photo Collage Graphics, Stock U.S. Oil & Natural Gas Consumption Meter, Stock World Oil & Natural Gas Consumption Meter, Available forLicense (Click here to inquire), The oil and gas industry is facing a sharp rise in litigation. 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. Richardson, TX 75081. Database of selected U.S. and international exploration wells. Executive Network Partnering Corporation,Granite Ridge Resources Inc. Grey Rock, ENPC Ink $1.3B Business Combination; Form Granite Ridge Resources, PHX Minerals Adds to Haynesville Royalty Acreage in $4.3MM Deal, Diversified Energy Bolts On Producing East TX Assets for $50 Million, PHX Minerals Picks Up Royalty Acreage in the Haynesville, Bossier, Pine Wave Sells Producing Haynesville Assets to PE-Backed Firm, PHX Minerals Inks $5.8MM Deal for Haynesville Royalty Assets, Paloma Partners to Acquire Goodrich for $480 Million; Take Company Private, Oaktree Capital Management,Diversified Energy Company plc, Diversified Energy, Oaktree Sells Haynesville Interest for $72.8MM, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. For Haynesville producers, current prices offer a generous margin to sustain future growth. All rights reserved. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural. The effective date of the transaction is August 1, 2022. Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead. Last reply by Skip Peel - Mineral Consultant Feb 22. Vice President, Investor Relations Its looking like the new recipe works. These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Log in here Subscribe now to get unmatched and complete coverage of the Energy industry's entire landscape! Prices for top E&P stocks and commodities. Indigo Natural ResourcesLLC is among the most active of the privately held operators, averaging four to six rigs and one to two frac spreads. In the first 6 months of this year, fewer than 4 thousand horizontal wells came online in all the US shale basins, the lowest number . "At depths of 10,500 feet to 13,500 feet, wells in the Haynesville are deeper than in other plays, and drilling costs tend to be higher. HOUSTON (P&GJ) Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on expanded pipeline takeaway capacity and higher demand, a new U.S. Energy Information Administration (EIA) report revealed Wednesday. (2) Asset-level EBITDA excludes corporate general and administrative expenses. 2023-02-26 - U.S. oil rigs fell seven to 600 this week andgas rigs stayed unchanged at 151,still up 103 rigs, or 15.8%, over this time last year. Last reply by Skip Peel - Mineral Consultant Feb 13. Look, experience and, Location 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. 2023 Hart Energy. (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). Powered by, Badges | Sign in to get the best natural gas news and data. 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. The U.S. will become the biggest seller of the super-chilled fuel in 2025., As reported by oilprice.com 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. Last reply by Skip Peel - Mineral Consultant on Sunday. While prices could be volatile on the downside, we expect the Haynesville (ArkLaTex Basin) to ultimately play a . Last reply by O & G Professional Feb 16. This Event Reminder is Sponsored by: Day 1: 4:00 PM The Haynesville Now Haynesville operators join the play's co-founder, Dick Stoneburner, in a candid conversation, including with DUG Haynesville attendees, on opportunities, challenges and solutions in this 16 Bcf/d resource that alone can fill all U.S. LNG export demandand still with Bcf's to spare that are helping to satiate domestic . During the year ended December31, 2020, Comstock turned 76 (43.7 net) Haynesville shale wells to sales and currently expects to turn 14 (13.0 net) operated wells to sales in the first quarter of 2021. Rextag database of energy infrastructure assets. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy Meanwhile, for self-described contrarianKimbell Royalty PartnersLP, its I told you so time, as a once-derided $445-million investment harvests the dividends of a projected 50% increase in gas prices over the next year. 1723 Analog Dr. Unauthorized distribution, transmission or republication strictly prohibited. Covey Park Gas LLC Cubic Energy Denbury Resources Devon Energy El Paso Corp. EnCana Corp. Encore Acquisition December 30, 2022 | Claire Poole. With March-delivered cargoes priced at over $10 and April around $7, US exports could be expected to continue at or near full throttle through the first quarter. Supply of crude oil dropped by 17.8% in May 2020 and since then kept a relatively stable level at 33,300 barrels per day (bd). The productive interval of the shale is greater than 10,000 feet below the land surface. Joi Lecznar Any unauthorized use of these images, including copying, is expressly prohibited and is subject to penalty under the Copyright Law of the United States, the Digital Millennium Copyright Act, and the various treaties to which the United States is a party. implementation of the first plunger lift system for the Haynesville shale; foamer treatment oversight; corrosion treatment . ShaleTech: Haynesville-Bossier Shales Controlled by Jerry Jones, the flamboyant owner of the National Football League (NFL) Dallas Cowboys, Comstock became a premier Haynesville operator with the $2.2-billion acquisition of pure play firm Covey Park Energy LLC in July 2019. The assets span approximately 5,000 net acres in the core of the Haynesville Shale in Louisiana's DeSoto, Bossier, Caddo and Webster parishes, boosting Tellurian's Haynesville Shale footprint to . Comstock also spent $7.9 million on leasing activity. 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. 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. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby. The US week in brief report highlights the need-to-know events from US upstream. 2023 Natural Gas Intelligence. Beginning in September, the company reverted from proppant loadings of 2,800 lb/ft to its previous 3,500-to-3,600 lb/ft stimulation strategy. Southwestern Accelerating Haynesville Natural Gas Development By Jamison Cocklin March 1, 2022 Share on: Southwestern Energy Co. expects to spend more in the Haynesville Shale during 2022. According to a forecast from Platts Analytics, export demand should remain near 11 Bcf/d through March before retreating below 10 Bcf/d from April to October as global demand wanes in the spring and summer. But indications are that the third-largest producing gas shale in the U.S. is geared up for a robust 2023 if commodity prices hold. Discussing the Austin Chalk, Haynesville Shale, Terryville Complex, Tuscaloosa Shale & Lower Smackover Brown Dense plays. the top news story and the . (Click here to inquire). Projects have includedEnbridge Midcoast Energys CJ Express pipeline, which entered into service in April 2021, and Enterprise Products Partners Gillis Lateral pipeline. Our Business . 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. In the Haynesville, weve made significant strides with midstream capacity, CEO Nick DellOsso said on the earnings call. Last reply by Rebecca Lane Feb 16. Jul 13, 2022 The planned Driftwood LNG facility will be capable of producing up to 27.6 million tons of liquefied natural gas a year. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. 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. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources 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. 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. The LEAP, Index 99, and the CJ Express pipelines have since alleviated these potential strains, with utilization rates currently back near 70%. 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. Follow us on Twitter at twitter.com/TellurianLNG, CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. 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 Haynesville is the third-largest. Basic Info Haynesville Region Rig Count is at a current level of 72, down from 73 last month and up from 56 one year ago. Natchitoches Ouachita Red River Sabine Webster, Angelina Cherokee Gregg Harrison Marion Nacogdoches Panola No problem. All material subject to strictly enforced copyright laws. Comstocks completed well costs are averaging less than $1,000/lateral ft but will likely increase as better prices justify longer laterals and greater completion intensity. This Upper Jurassic age formation was deposited about 150 million years ago in a shallow offshore environment. Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad. https://www.shaleexperts.com/articles/Comstocks-2021-Budget-Up-Slightly-YOY-Q4Full-Year-2020-Results_999946616?utm_source=HaynesvilleShaleLandPg. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG, Comstock Prepping for Increased LNG Supply Demand with Freeports Return, Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville, EIA Sees Continued Onshore Natural Gas Production Growth in March, Paced by Haynesville, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Oilfield Services Jobs Top 650,000, Reach Pandemic-Era High, Kinder Morgans Haynesville Natural Gas Gathering Volumes Jump 44%, North American E&P Spend to Increase 14% in 2023; Maintain in Appalachia, Grow in Haynesville, Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming, Haynesville Still Leading Natural Gas Production Gains in Latest EIA Projections. Rig activity remained strong through Dec. 16, with the Haynesville running 72 rigs, according to the Baker Hughes rig count. FRISCO, TX, Feb. 21, 2023 (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 acquire revenue producing mineral and royalty interests in the prolific Haynesville Shale of Northern Louisiana . Chesapeake Energy Corp. is palliating its exploration and production operations in the Marcellus and Haynesville shale plays while also aiming to make an exit from the Eagle Ford Shale in 2023 due to natural gas prices that have fallen below USD 2.00/MMBtu at a number of pricing centres across the United States. Active Operators >>, See FULL list of The Haynesville averaged 11.2 Bcf/d in 2021. Comstock drilled 55 (46.1 net) operated horizontal Haynesville shale wells during the year ended December31, 2020, which had an average lateral length of 9,247 feet. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. Oil Rig Drawing Well Logging Blowout Preventor Salt Water Disposal, Drilling Geology Illustration available for license. 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. (5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS. 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. 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. Comstock Resources is a leading independent natural gas producer with operations focusedon the development of the Haynesville Shale in North Louisiana and East Texas. 5 min read This article was originally published on ETFTrends.com. Last reply by Hale Yayuh Feb 14. In January, total US gas production has averaged just 90.7 Bcf/d down more than 5 Bcf/d from its prior record high and about 3 Bcf/d below its early January 2020 level. Earnings and Operations Update Call. Started by Rebecca Lane in Shale Related Topics. Coverage includes US onshore and Gulf of Mexico. Historical Data View and export this data back to 2007. Information on assets, buyers and sellers, deal values, and more. One of the first operators to enter the basin, Chesapeake was the Haynesvilles largest producer in the first half. Unauthorized distribution, transmission or republication strictly prohibited. Coterra Energy Q4, Full Year 2022 Results; 2023 Plans; PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin 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! Before we started this site, googling "shale' brought uplittle information. 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, Future and current Drilling Plans in , as of 03-02-2023, Intent To Drill/Drilling Permits for , as of 03-02-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Top basin performers Chesapeake Energy, Southwestern Energy, Comstock Resources, Aethon Energy and Rockcliff Energy II produced a combined total of 1.53 MMboe/d, 83 bbl/d of oil and 9.2 Bcf/d of gas in the first half of 2022, according to data from advisory firm Enverus. Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC 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. Last reply by Skip Peel - Mineral Consultant 10 hours ago. Total 2022 production from a 501,000-net-acre position in the southwestern core of the Marcellus-Utica is expected to range from 3.2 Bcfed to 3.3 Bcfed. A surprise standout in the EIA's report was Florida. On the other hand, crude oil production in the shale is expected to maintain flatter recovery . This process reduces the volume of the liquid to 600 times smaller than the gaseous form making it possible to move natural gas where no pipelines exist and to use it as a fuel for transportation. It remains poised to see a production growth of 5 Bcfd or more over the next five years based on aconservative level of drillingon the back of robust permitting activity, an expanding inventory of commercial locations that includes East Texas and the mid-Bossier and improving 2-month initial production results, Rystad Energy estimates. 36 bbl/d of its 347 bbl/d total oil production in the half came from the East Texas basin, as did 1.24 Bcf/d of its 1. Free Cash Flow was $22.4 million in Q4 2022, sequentially lower than the $40.1 million in Q3 2022 but higher than the $14.2 million in Q4 2021. "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. The Company is also pleased to announce that it has received multiple new drill notifications on some of its Haynesville Shale acreage by operators including Comstock Resources and Vine Energy.. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. In January, Haynesville production gas averaged over 13 Bcf/d as a wave of new rig additions lifts the basins total to its highest since January 2020, data compiled by S&P Global Platts Analytics shows. Although some remained skeptical of the shales potential, the approximately 9,000-sq-mile formation has proven itself worthy of the praise it received at its inception. Also in this week's A&D Minute: Permian Resources' purchases and sales add up to nearly $300 million, plus see what private equity experts are sayingabout A&D this year. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1) Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana 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.

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