Haynesville Shale

Natural gas production more than doubled for Goodrich Petroleum Corp. in the third quarter as the Houston-based company continued its focus on the Haynesville Shale and considers how fast it wants to grow in the upcoming year.

After natural gas gathering volumes in the Haynesville Shale doubled in the quarter versus 2017, Kinder Morgan Inc. (KMI) expects to allocate more capital in the play as its existing capacity fills, management said Wednesday.

The “pressing need” to reduce carbon emissions will require dramatic changes for society and the oil and gas industry but it can’t be done overnight or even in a few years, BP plc Group CEO Bob Dudley said Wednesday.

Houston-based Gen6 Proppants is developing an in-basin fracture sand mine to serve Haynesville Shale producers in northern Louisiana.

Natural gas production from the stalwart Haynesville Shale has never recovered to the peaks of early 2012, but it remains a significant contributor to U.S. supply, the Energy Information Administration (EIA) said Friday.

The Texas oil and natural gas industry added an estimated 800 upstream jobs in July, which marked the 20th consecutive month of job growth, according to the Texas Workforce Commission.

Midcoast Energy LLC is holding a nonbinding open season through Sept. 14 to gauge support for CJ Express, a natural gas pipeline that would transport supply from the Haynesville Shale in East Texas to the Houston Ship Channel and markets along the Gulf Coast.

Goodrich Petroleum Corp. said two wells targeting the Haynesville Shale in Louisiana, Wurtsbaugh 35 No.1 and Demmon 34 No. 1, achieved a 24-hour peak production rate of about 22,500 Mcf/d. Both wells were drilled into the Bethany-Longstreet field in DeSoto Parish, LA, with 4,600-foot laterals. The company holds a 71% working interest (WI) in the Wurtsbaugh well and an 89% WI in the Demmon well. The wells came online in July and August, respectively. Goodrich said company-wide production hit 90,000 Mcfe/d after the completion of both wells. The company added that production “is projected to meaningfully increase again” once it completes the Harris 14&23H-1 (98.5% WI) well, where hydraulic fracturing operations are expected to begin soon.

Energy indicators are mixed, but there’s a positive overall picture for the industry, the Dallas office of the Federal Reserve Board (Fed) said in its monthly report.