Wednesday, August 13, 2008

Haynesville Shale Gas Play, North Louisiana and East Texas

Here is some information on a newly economic shale gas play. It warrants watching closely.
Peter
source


Haynesville Shale: News, Map, Videos, Lease and Royalty Information
Haynesville Shale
Haynesville Shale Orientation:
The Haynesville Shale, is a black, organic-rich shale of Upper Jurassic age that underlies much of the Gulf Coast area of the United States. "Haynesville Shale" is a drillers term for shale rock units within the Haynesville Formation. The Haynesville Formation is underlain by the Smackover Formation and overlain by rocks of the Cotton Valley Group. It was deposited about 150 million years ago in a shallow offshore environment.

Geologists have long known that the Haynesville Formation contained natural gas. However, because of its low permeability the Haynesville was originally considered to be a gas source rock rather than a gas reservoir. Today, natural gas production from the Haynesville occurs from rocks about two miles beneath northwestern Louisiana, southwestern Arkansas and eastern Texas. The most productive areas have been Caddo, Bienville, Bossier, DeSoto, Red River and Webster Parishes of Louisiana plus adjacent areas in southwest Arkansas and east Texas.

Quote: Louisiana DOE
“This is an extraordinary time for Louisiana, particularly in north Louisiana, where we are experiencing something akin to a modern day gold rush due to excitement about the Haynesville Shale discovery. To put the magnitude of this sale into perspective: This month’s lease sale surpassed by more than double the bonus collections for the previous 11 months of FY 2007-08 combined, almost entirely because of activity in north Louisiana... 25 of the 38 leases awarded were from Caddo, Red River and Bienville parishes, totaling approximately $34 million in cash payments, and the average bonus per acre for these leases was over $13,400 per acre, while more typical prices in the past for north Louisiana have been around $400 per acre." (source)

Quote: Chesapeake Energy
“Based on its geoscientific, petrophysical and engineering research during the past two years and the results of three horizontal and four vertical wells it has drilled, Chesapeake believes the Haynesville Shale play could potentially have a larger impact on the company than any other play in which it has participated to date." (source)

News Reports
Haynesville Shale News: ShaleBlog.com, a blog tracking news about the Haynesville Shale.

Other Shale Resources
Marcellus Shale: Very similar to the Haynesville. The Marcellus Shale is a new gas resource of the Appalachian Basin.

Barnett Shale: Here's where it all started. The Barnett Shale of Texas was where the hydrofrac and horizontal drilling techniques were first mastered for tight shale reservoirs.

Fayetteville Shale: Another gas shale formation producing in northern Arkansas..

Oil and Gas Jobs
Oil and Gas Job Opportunties: Multiple shale plays happening across the United States have triggered an enormous demand for skilled workers and trainees.

Haynesville Stratigraphy

Gas production is mainly in the Haynesville Formation. However, some gas is also produced from the Cotton Valley Group and Smackover Formation.

Government & Regulatory
Questions and Answers About the Haynesville Shale: Answers from the Shreveport Mayor's Office about leases, landmen, signing bonus, royalties and drilling activities.

Louisiana Office of Mineral Resources: Monthly lease information and access to mineral resource records. Historical oil and gas production data. Historical lease and royalty data.

Louisiana Department of Natural Resources: Department "news" page.

Haynesville Economics
Economic Impact: Local officials of Shreveport get in touch with counterparts in Fort Worth to find out what they learned from their Barnett Shale experience.

Chesapeake Rig Tour: KSLA video showing a drill rig with details on the horizontal well technique.

Waiting to Sign: Property owners are uniting and holding out for the best deal possible. Their supergroup represents 6000 owners. They have an offer of $27,200 per acre signing bonus plus 26% royalty.

Advice for Property Owners: There are many sources of advice on leasing a natural gas property. This video explores the options that landowners have for advice.

Gas Lease and Royalty
Gas Lease Forum: Knowledge is power when you receive an offer to lease your land. Find out what others are being offered and share advice at this forum.

Natural Gas Lease Database: See how much was paid as a signing bonus to numerous landowners in most counties. Includes transaction date, signing bonus per acre, term of lease, royalty rate and number of acres. Share your information anonymously to help others.

National Association of Royalty Owners: The only national organization representing, solely and without compromise, oil and gas royalty owners interests.

Wellhead Price of Natural Gas: Current and historical price data from the US Energy Information Administration.

Gas Lease Blog: Information on natural gas development and leases.

Glossary of Natural Gas Leasing Terms: Look up definitions to understand your lease or whatever you are reading.

Gas Leasing FAQ's: Some of the best questions answered right here.

Geology News
Daily news for geology and earth science. Delivered to you free by RSS or email.

Haynesville Shale Map
Drilling activity in the Haynesville Shale has been most active in Caddo, Bossier, DeSoto and Webster Parishes, Louisiana plus adjacent areas in southwest Arkansas and east Texas. The Shreveport Times has a well location map for Louisiana.

Estimate Your Royalty
Natural Gas Royalty Estimator: Enter data from your lease agreement and make a few assumptions. Unoffical estimates of your annual royalty payments.

Wellhead Price History
The wellhead price of natural gas changes in response to market and political forces.

Haynesville Drilling
The productive potential of the Haynesville Shale was not fully realized until horizontal drilling and hydrofracing technologies were demonstrated in other unconventional shale reservoirs. The hydrofracing process helps liberate gas from the shale and horizontal drilling allows a single well to drain a much larger volume of rock than a traditional vertical well.

Unconventional Gas Technology:A "white paper" by Schlumberger, the well service company. Explains how hydraulic fracturing is used to stimulate production in tight gas shale reservoirs. (large .pdf file)

How Much Water is Needed? Frac jobs require a lot of water. Here's some experience on water needs from the Barnett Shale of Texas..

Interactive Drill Rig: Learn about drill rigs and drilling with this interactive presentation by Dale Energy.

3 comments:

sarah25 said...

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sarah25 said...

The Haynesville Shale is likely to become America’s largest natural gas field and

perhaps the fourth largest in the world. Many predictions have the Haynesville Shale being bigger, much bigger, than the Barnett Shale.
---------------------------
Sarah

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