Friday, February 17, 2017

Haynesville Shale: Rig Counts Rise +3 to 34, vs 15 Last Year. Gas Production Outlook?

Rig counts have been steadily rising in the Haynesville Shale for a very long time now.  The production response has been muted/sluggish/nonexistent thus far.  

Louisiana has a well production reporting system that has a 4-5 month lag before data is substantially complete, so November '16 is solidifying now, and it shows a slight uptick in daily production, though the plateau in output that prevailed for the prior 15 months hasn't been decisively broken.  

The two parishes that contribute the lion's share of output (70%), Caddo and DeSoto, are shown below as well.  The long lag in reporting makes this data fairly backward looking, but even so.