Haynesville Update

What is the Haynesville Basin?

On the border of Texas and Louisiana, The Haynesville Basin covers 23 counties. It averages 200 to 300 feet thick and covers an area of around 9,000 square miles.

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Haynesville Account List

Accounts active in the Haynesville

Drilling Engineers Contacts

List the of drilling Engineers related to the Haynesville

Total production

Natural gas production in the Haynesville fell to just over 13 Bcf/d in April, from 15 Bcf/d just 2 months earlier. This was the steepest drop in production in the history of the basin.

In the first 4 months of this year, 150 horizontal wells were completed, vs. 181 in the same time frame last year.

Haynesville Wells Drilled in 2023

Drilling activity

This decline was of course caused by collapsing natural gas prices; where end of last year 74 rigs were drilling in the basin, when natural gas prices were above $6 per Mcf, prices have fallen by 2/3rds to just $2 per Mcf. As of last week only 49 rigs were active in the basin.

Haynesville Active Rigs in July 2023

Well productivity

Although well productivity appears to have stagnated, new wells are still producing a massive amount of natural gas, peaking at 18 MMcf/d, on average.

Haynesville New Well Permits Last 30 Days

Energy News