News Headlines

Haynesville Shale drilling activity said to be on the increase

According to an article in The Shreveport Times last weekend, the Haynesville Shale may be getting renewed attention from the industry.

 

Texas-based Comstock Resources has announced plans to move two rigs to North Louisiana where it would start drilling for natural gas in the Haynesville Shale.

 

The report says Comstock expects to spend $161 million drilling 14 horizontal wells, and by the end of  this month or early February, a rig will move into DeSoto Parish.

 

When exploration exploded in early 2008, the Haynesville Shale was touted as the highest producing natural gas play in the nation. When prices began to dip in 2012, producers turned their horizontal extraction efforts to more lucrative oil-rich plays. Rigs, of course pulled out of the Haynesville Shale by the droves.

 

As motorist enjoy below $2 a gallon gas, oil and gas producers are giving the Haynesville Shale another glance to offset oil prices. It's hoped the ripple effect that's produced from those falling gas prices with rig hands losing jobs and oil companies cutting budgets, which in turn affect local economies will be short-term, and we'll be able to reap the benefits of natural gas exploration here, again.

Roughriders Sports

Family Features

Loading Family Features Content Widget
Loading Family Features Article