Haynesville Shale

Chesapeake Energy Corp. is focused on getting leaner next year with two “front and center” goals of spending within cash flow and keeping optionality in its expansive onshore portfolio by approaching core development through the lens of “big data analytics.”

Driven by declines in the Permian Basin and Haynesville Shale, the U.S. rig count fell by 15 for the week ended Friday, nearly doubling the already steep eight-rig loss from the week before, according to data from Baker Hughes Inc. (BHI).

Natural gas production from the Permian Basin climbed in September by 0.2 Bcf/d to 8.8 Bcf/d, eclipsing gas output from the Haynesville and Eagle Ford shales, the Federal Reserve Board of Dallas said Thursday.

The Haynesville Shale redux continues, with the natural rig count sharply higher from a year ago and proppant intensity surpassing any other onshore play in the United States, according to analysts.

Comstock Resources Inc. is expanding a joint venture (JV) with USG Properties Haynesville LLC (USG) to build its inventory in East Texas and North Louisiana and drill more extended lateral wells.

QEP Resources Inc. is blaming a trio of factors for lower production this year from the Williston Basin year-to-date, but the company is moving forward by testing a refracturing (refracking) program similar to one that has yielded success in the Haynesville Shale.

Enable Midstream Partners LP is expanding its footprint in the Haynesville Shale, agreeing late Tuesday to pony up $300 million to acquire Align Midstream LLC, whose assets include natural gas gathering and processing in East Texas and North Louisiana.

BHP Billiton Ltd., whipsawed by sharp impairments and activist investors that want the company to train its development solely on conventional oil and mining, is actively marketing its U.S. onshore portfolio, an 800,000-plus leasehold that runs through the Permian Basin, Haynesville, Eagle Ford and Fayetteville shales.

Fracture sand specialist U.S. Silica Holdings Inc. has acquired Mississippi Sand LLC, a Missouri-based sand mining and logistics company, a transaction that adds 1.2 million tons of annual capacity.