Dry natural gas production from the Haynesville shale-producing field, located in northeastern Texas and northwestern Louisiana, continues to rise.
In 2022, production began averaging 12.4 billion cubic feet per day (Bcf/d) in January and ended the year with 13.9 Bcf/d. It then surpassed that mark in March of this year with 14.5 Bcf/d, which is 10% more than the annual average for 2022, as reported by the EIA on its website.
It is worth noting that Haynesville is the third-largest shale gas-producing play in the United States, following the Permian play in Texas and New Mexico and the Marcellus play in the Appalachian Basin. These three fields collectively account for 55% of the country's production.
Last year, as the price of natural gas rose (the U.S. benchmark Henry Hub index reached $8.81 per million BTUs in August), new natural gas wells began to be developed in Haynesville. This led to increased production, given that the wells in this area are deeper and, consequently, the cost of drilling is higher.
As reported by Baker Hughes, the number of active platforms in Haynesville increased as the average price of natural gas rose in 2022. With 65 platforms in operation, this represents a 43% increase compared to 2021. However, during the first three months of 2023, the figure plateaued at 68 rigs as the price of natural gas declined.
The pipeline extraction capacity from Haynesville is estimated to be around 16 Bcf/d, according to S&P Global Commodity Insights.
Added Projects to Increase Natural Gas Production in Haynesville
The Enterprise Products Partners' Gillis Lateral pipeline and the associated Acadian Haynesville Extension, which transport natural gas from Haynesville to demand centers and liquefied natural gas terminals along the US Gulf Coast, were the most recent gas pipeline projects to enter service (December 2021) in the region, as cited by the EIA.
Three new projects planned for 2024 will add extraction capacity to Haynesville:
Williams' Louisiana Power Portal (1.8 Bcf/d)
Momentum Midstream Next Generation Gas Gathering (NG3) (1.7 Bcf/d)
TC Energy Gillis Access project (1.5 Bcf/d).
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