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Haynesville Shale Play Natural Gas Field
Louisiana Shale (Shreveport Shale) Information

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What is the Haynesville Shale Natural Gas Formation?

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Haynesville Shale Play: On pace, top gas shale in the USA - 4th Largest Natural Gas Shale in the World
If you follow the Energy, Oil, or Natural Gas Market.....you've probably heard of The Haynesville Shale Natural Gas Field Formation, also referred to as the Shreveport Shale ( Louisiana Shale ), which is located in Northwest Louisiana, East Texas, and extending into Arkansas.  Back in 2008, this Natural Gas Formation made landowners rich when companies would buy mineral rights from a property owner.  Researchers were saying that the Haynesville Shale Play could be as big as the Barnett Shale Play, which is estimated to produce around 29-39 trillion cubic feet of natural gas in the future.  This would make Haynesville Shale one of the biggest U.S. Natural gas finds in history.   According to a Wood Mackenzie research report, the Haynesville Shale Play, if developed in our most bullish case, could be bigger than the current size of the Barnett within five years.  What makes the Haynesville Shale prospects so exciting?  In additional to the pressure being abnormally high, the Haynesville Shale is very deep and thick ( around 200 feet thick ).  This allows more natural gas to be packed into the Shale.   How deep is the Haynesville Shale?  Researchers say the shale can found below the ground at depths between 10,000 and 14,000 feet.  All of the above combined with well data coming from the different well drilling companies in the Haynesville Shale has industry experts thinking this could be " The Big One."  The Cotton Valley Field is also producing big results.  This formation is located just above the Haynesville Shale.  If you are looking for a job in the Haynesville Shale, check out the Job Listings page I set up.  The Haynesville Shale in 2009 is much different then it used to be due to the recession.  I expect 2010 to be much better!

The Haynesville Shale Rock Formation ( Shreveport Shale ) is based on shale as the subsurface source of natural gas. Geologists have known for a long time that the Haynesville Shale Field has held Natural Gas, but the rock was considered the source rather then a gas reservoir. It was also not economical because Natural Gas prices remained very low for many years. Haynesville well drilling is very expensive! Now with Natural Gas trading below $6.00, companies have been cutting back on drilling the Haynesville Shale. When Natural Gas prices spike back to $6-$9, the Haynesville will be very profitable again for oil and gas companies just like we saw back in July of 2008. I expect as we move into 2010, natural gas prices will be between $6-$9. Chesapeake now estimates that the haynesville shale could hold as much as 245 tcf's of natural gas.

History: The Haynesville shale is a rock formation composed of clay-sized particles deposited and buried in the north Louisiana geological area more than 170 million years ago during the Jurassic time. The Shale discovery going on in North Louisiana has been compared to the gold rush as companies scramble to lease land and contract mineral rights in the area. Local residents in the Shreveport area were striking it big with the land they held back in 2008. Since the economic recession has really hit the United States, natural gas prices have gone down and companies are halting production.  It is estimated that the haynesville shale formation extends on over 3 million acres from East Texas to Northwest Louisiana.

Company Interest: The Haynesville shale has been one hot zone for Natural Gas Companies. Many companies started buying acres of land in and the Shreveport area back in 2006 in hopes to strike it big. Petrohawk Energy was already drilling a gas deposit known as Cotton Valley, a separate deposit that runs above parts of Haynesville’s deposits when it became aware of the Haynesville Shale play in 2006. PetroHawk Energy must use special technology to access the Haynesville project as it is below 10,000 feet. Companies drill the haynesville shale formation vertically and then drill across horizontally. New technology has helped these companies fracture the shale in a timely fashion. Drillers use millions of gallons of fresh water which is pressurized to fracture the shale. In some cases, these haynesville shale operators will use a fresh water/sand combination. This new fracturing technique releases the natural gas trapped in the shale but also has the potential to contaminate the water supply. County & Field Locations: The Haynesville Shale Formation has been predicted to be around 200 feet thick below the Elm Grove Field. Other fields that run above Haynesville Shale Natural Gas Field in addition to Cotton Valley and Elm Grove fields are: Caddo Parish Shale Field, Bossier Parish Shale Field, DeSoto Parish Shale Field, Greenwood Waskon Field, Sligo Field, Caspiana Field, Johnson Branch Field, LongStreet Shale Field, LoganSport Field, Bethany Longstreet Field, Red Rock Field, Kingston Shale Field, Central Pine Island Field, Longwood Field. View this Map

It is important to note that the majority of all activity can be found in four parishes which is known as the " sweet spot. " These parishes are Caddo, Red River, DeSoto, Bossier.

The Haynesville Shale in 2010: It's 2010 and the Haynesville Shale is starting to pick up again.  The drilling companies below really cut back on the number of active drilling rigs but we saw a noticeable tick-up in December 2009.  We also saw a major aquisition in the Oil & Gas sector with Exxon Mobil ( XOM ) buying XTO Energy ( XTO ).  Cold weather and snow has been gripping the northeast which caused Natural Gas prices to hit $6.

I am expecting the Haynesville Shale to really come alive again during 2010.  Natural Gas prices have the opportunity to hit $8-9 toward the end of 2010 as the demand quickly comes back.  This will spark even more activity as far as land leases and drilling go.  If you are investing in the stock market, I really like Chesapeake Energy ( CHK ) below $30 in 2010.

Although drillers are in the early stages of this project, they will get a better grasp on things in many months and years to come. As I continue to research this Geologic Shale Project, I will post it here. Don't forget to check out these other shale plays just as hot as haynesville. Marcellus Shale - Horn River Shale - Bakken Oil Shale - Fayetteville Shale - Brazil Oil Field - Woodford Shale - Barnett Shale - Chattanooga Shale - Utica Shale

Haynesville Shale Maps, Pictures - Maps of the Haynesville Shale by Parish

Haynesville Shale News - Operational Updates

The first two companies to issue conference calls about the Haynesville Shale, were
 
Goodrich Petroleum GDP and Petrohawk Energy HKSoon after, Chesapeake Energy CHK came out and also said it was there as well. Another company, EXCO Resources XCO, has 100,000 acres and just increased its capital budget by 90 million for the Haynesville Shale Play.

Mainland Resources spuds first haynesville shale well in Desoto Parish.

PetroHawk Energy and Mainland Resources announce Haynesville Shale joint venture.  Both are very active in the Haynesville Shale

Southwestern Energy SWN plans to test Shelby, San Augustine County - East Texas - Haynesville Shale.  This is the first I've seen East Texas Counties Shelby and San Augustine be targeted for the Haynesville Shale play.

Chesapeake Energy CHK and Plains Exploration PXP announce Haynesville Shale join venture North Louisiana and East Texas.  PXP will aquire 20% interest in leasehold for 1.65 billion in cash.  Chesapeake CHK has 550,000 Haynesville Shale acres, PXP will hold 110,000 acres while CHK will continue to hold 440,000.  Chesapeake says it will continue to aquire acreage and Plains will have the option to participate at 20%.  This is HUGE Haynesville Shale News! 

Petrohawk Energy HK Petrohawk Energy Corporation Reports Haynesville Shale Result and Leasehold Update - Petrohawk Energy Corporation  today announced that it has completed its initial horizontal well in the Haynesville Shale. On June 27, 2008, the Elm Grove Plantation #63 (100% working interest) was placed on production. On June 29, 2008, the well produced at an average rate of approximately 16.8 million cubic feet of natural gas per day with 5,600 pounds flowing casing pressure on a 26/64 choke. The pilot hole drilled on the well encountered approximately 212 net feet of Haynesville Shale. The targeted interval in the reservoir was at 11,005 feet true vertical depth, and a lateral of 3,880 feet in length was drilled. The completion of the well included eleven stages of fracture stimulation. The Elm Grove Plantation #63 is located in Section 9 - Township 16 North - Range 11 West, Bossier Parish, Louisiana

Goodrich Petroleum GDP has entered into a definitive agreement with a private company for the right to acquire a fifty percent non-operated interest in 5,800 gross acres (2,900 net to the Company) in the Central Pine Island field, adjacent to its Longwood field in Caddo Parish, Louisiana.


Full List of Haynesville Shale Stocks Click Here

Haynesville Shale Parish Map
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Haynesville Shale Map
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Haynesville Shale Map - Louisiana Shale

Tons of Gas!

The Haynesville Shale Field could potentially be the biggest U.S gas field in history, beating out even the Barnett Shale Field.  Click here for Full Detailed Map

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