Nearly every major natural gas play in the United States makes money at prices above $4.00/Mcf, and more important, can generate a “decent rate of return” at prices above $4.25, according to an analysis by Raymond James & Associates Inc.
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Articles from Haynesville
Crestwood Completes Purchase of Barnett Assets from Devon
Crestwood Midstream Partners Monday said it has completed the acquisition of gathering and processing assets from subsidiaries of Devon Energy Corp. for $87.1 million, which is $2.9 million less than the originally reported acquisition price (see Shale Daily, July 25).
August 28, 2012
Most Dry Gas Rigs Moved Out of Haynesville, Says Nabors
Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.
February 23, 2012
Industry Briefs
US Infrastructure Holdings LLC (USI) is buying the Wildcat Sabine Gathering System in the Bossier-Haynesville Shale. The newly constructed 28-mile pipeline runs along the Texas-Louisiana border in the northwest corner of Sabine Parish, LA, and gathers and transports gas for producers including Eagle Oil & Gas Co., which has dedicated acreage from its North Toledo Bend Project. The system has takeaway capacity of 200 MMcf/d and includes treating and compression facilities. USI said it will begin construction of a 20-mile extension at the southern end of the Wildcat system to provide producers with direct access to markets served by Gulf South Pipeline Co. LP and Tennessee Gas Pipeline. The expansion will bring Wildcat’s takeaway capacity to 400 MMcf/d and is expected to be complete by mid-2012.
November 16, 2011
EXCO Sees Opportunities in BG LNG Deal
EXCO Resources Inc. CEO Doug Miller said the decision by BG Group plc — its joint venture (JV) partner in the Marcellus Shale and the Haynesville/Bossier shale play in Louisiana and Texas — to participate in liquefied natural gas (LNG) exports would have little effect on EXCO’s business.
November 7, 2011
EXCO Not Expecting Big Effect from BG’s Foray Into LNG
EXCO Resources Inc. CEO Doug Miller said the decision by BG Group plc — its joint venture (JV) partner in the Marcellus Shale and the Haynesville/Bossier shale play in Louisiana and Texas — to participate in liquefied natural gas (LNG) exports would have little effect on EXCO’s business.
November 7, 2011
Alliance Owners Agree to Start Building Bakken Lateral
Two Calgary-based companies announced Tuesday that they will construct a 77-mile pipeline lateral in North Dakota to transport liquids-rich gas from the Bakken Shale to the Midwest for processing.
September 29, 2011
Petrohawk Was Fast Mover in Eagle Ford, Says Exec
Petrohawk Energy Corp. got into the Eagle Ford Shale and moved fast. Those are the keys to success in shale plays, the company’s vice president of exploration, Charles Cusack, told a Houston audience Wednesday.
August 18, 2011
Eagle Ford Stars in Penn Virginia Liquids Shift
Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”
August 5, 2011
EXCO Gives Up On Sale
The EXCO Resources Inc. board of directors is ending its bid to sell the company.
July 11, 2011
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