Haynesville

With a substantial cash infusion from Dallas Cowboys owner and top shareholder Jerry Jones, Comstock Resources Inc. plans to acquire privately held Covey Park Energy LLC to create what could be the Haynesville Shale’s largest natural gas producer.

The Haynesville Shale continued to be the go-to spot for Comstock Resources Inc. during 1Q2019, where four rigs are now running across the company’s 88,000-acre leasehold.

Indigo Natural Resources LLC, a privately held, independent that works in the Haynesville Shale, reported record production of 1 boe/d net in March.

Ending a sluggish start to the year, pressure pumpers are increasing their horsepower work in Lower 48 formations, particularly in the Haynesville Shale, which may lead to a tighter market later this year, according to an analysis by Westwood Global Energy Group.

After executing a transformative deal last year with Dallas Cowboys owner Jerry Jones to return the company to profitability, Comstock Resources Inc. has unveiled plans to spend more on completions in 2019 and grow natural gas production by about 50%.

Natural gas production in a former darling of the onshore unconventionals, the Haynesville Shale, is getting serious looks from new suitors, including operators looking for export stores, with production on course to hit record heights, according to Rystad Energy.

Goodrich Petroleum Corp., citing commodity prices, lowered its capital expenditures (capex) for 2019 by about $40 million, but said it expects to maintain its previous production guidance for the upcoming year because its wells are outperforming type curves.

Houston-based Gemini Midstream Holdings Inc. on Tuesday said it is developing two natural gas pipelines in Texas, including one to serve Haynesville Shale operators that would be capable of delivering more than 1.2 Bcf/d.

QEP Resources Inc., which is inching toward Permian Basin pure-play status, agreed Monday to cast off its Haynesville Shale/Cotton Valley assets in northwestern Louisiana to Aethon Energy for $735 million.