Friday, November 11, 2016

Haynesville Shale Rig Count Implies Production Increase Imminent

Haynesville Shale rig counts have been creeping upward since Q1 of this year, with horizontals hitting 20 this week.  70% of those rigs are working on the Louisiana side of the play, with 6 at work in DeSoto and 4 in Red River Parish.  DeSoto Parish currently accounts for about 50% of the gas output from the Louisiana side, or about 1.6 of 3.2 BCFD that Louisiana contributes.

On the Texas side, the original HVS counties of Harrison and Panola are no longer leading development, with Rusk and San Augustine each deploying 2 rigs now, of the 6 at work in Texas.