Haynesville

Natural gas-heavy Goodrich Petroleum Corp., whose primary exploration is in the Haynesville Shale, is planning a $55-65 million capital budget for 2020, down 35% from the midpoint of this year’s spending.

Natural gas-heavy Goodrich Petroleum Corp., whose primary exploration is in the Haynesville Shale, is planning a $55-65 million capital budget for 2020, down 35% from the midpoint of this year’s spending.

The Haynesville Shale drove a “healthy” increase in U.S. natural gas permitting during November, up 20% month/month, and the play has seen an average 14% increase in permitting for four straight months, according to Evercore ISI.

Comstock Resources Inc. has beefed up its Haynesville Shale inventory with the all-stock acquisition of an undisclosed operator, but going into 2020 it plans to run fewer rigs in the natural gas-heavy play.

DTE Energy CEO during a third quarter conference call Monday touted the company’s recent midstream acquisition in the Haynesville Shale, claiming its “extremely strong” resources hold “at least 10 years of drilling available at sub $2/MMBtu prices.”

The midstream arm of Detroit-based DTE Energy is reaching its tentacles into Louisiana to acquire an existing natural gas system and a gathering pipeline under construction that would move Haynesville Shale supply to the Gulf Coast.

Houston-based Enterprise Products Partners LP said Thursday it plans to expand and extend its Acadian natural gas system in Louisiana to deliver 1.8-2.1 Bcf/d from the Haynesville Shale to the Gulf Coast export market.

Goldman Sachs on Friday reduced its forecast for natural gas and liquids prices for 2020-2021 because of the unrelenting onslaught in Lower 48 supplies and, barring a cold winter, lower demand.

Houston-based Elevate Midstream Partners LLC agreed to build roughly 19 miles of 16-inch diameter gas gathering pipelines in the Haynesville Shale of East Texas to support a new shipper deal with Sabine Oil and Gas Corp.