If you’re drilling for Texas crude, party on in the Permian and Eagle Ford. But if dry natural gas is more your gig, then the Haynesville is the hottest ticket in town. Reese Energy Consulting today is following news out of the Haynesville/Bossier, which is set to become the largest source of gas output growth in the U.S. The latest forecast from Rystad estimates Haynesville gas production will increase by 10 BCFD—or 86%–between 2020 and 2035. As of this writing, 55 rigs are in operation there, producing more dry gas than any other basin in the nation. The EIA projects another record-breaking month in August with production of nearly 13.5 BCF. Three players now are poised to dominate this region of East Texas and Northwest La., all of which are ramping up their development and drilling plans, and betting large on the growing demand for Gulf Coast gas. They include Texas-based Comstock, Houston’s Southwestern Energy (neé Indigo), and Okla. City-based Chesapeake. All have invested billions in recent acquisitions to expand their Haynesville footprint and tighten up the competition.
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