Haynesville Shale hits milestone as fracing debate continues

Haynesville Shale hits milestone as fracing debate continues

Postby gasinator » Sun Mar 20, 2011 12:03 pm

Haynesville Shale
reaches milestone
while fracing debate
continues

Written by

Vickie Welborn

11:53 PM, Mar. 19, 2011|

This month marks the third anniversary of
the announcement of the Haynesville Shale
in northwest Louisiana, and fitting for its
birthday the natural gas play has earned
the title of the nation's top producer by
surpassing production of its older
competitor, Texas' Barnett Shale.

The U.S. Energy Information Administration
reported Friday pipeline flows show that
the Haynesville Shale is producing about
5.5 billion cubic feet a day of natural gas,
while the Barnett Shale is producing about
5.25 billion cubic feet.

Louisiana's natural gas production
surpassed 2 trillion cubic feet in 2010 for
the first time since 1982, and represents a
36 percent increase over 2007 — the year
before Haynesville production began on a
large scale. The EIA reports that while the
Barnett Shale did not reach 5 bcf daily until
nearly its 10th year of production

Nearly 2,000 natural gas wells have been
permitted so far toward the goal of what
industry leaders say eventually will be
10,000 to fully develop the play.

And while drilling activities are expected to
slow later this year as leases are held to
production and operators search out more
oil-based plays, the nationwide debate
continues about the hydraulic fracturing
technique that is necessary to release the
trapped natural gas. Officials in the
Northeast are the most vocal against it,
including some members of Congress who
this week have filed legislation requiring
public disclosure of the frack chemicals
and restrictions on the process.

Louisiana last week released a report by a
non-profit group of stakeholders that
studied the state's laws concerning fracking
and found them to be well-managed,
albeit adding some recommendations for
improvement. But so far nowhere have
there been any confirmed reports that
fracking has contaminated water supplies.

GOOD READ - READ COMPLETE ARTICLE AT:
http://www.shreveporttimes.com/article/ ... nav%7Chead

Quick facts:
On March 17, 1949, a team comprised of
Stanolind Oil Company and Halliburton
personnel converged on a well about 12
miles east of Duncan, Okla., to perform the
first commercial application of hydraulic
fracturing. Later the same day, Halliburton
fractured another well near Holliday, Texas.

As many as 90 percent of all gas wells
completed in the United States have been
fractured. As a result, hydraulic fracturing is
now responsible for 30 percent of domestic
oil and natural gas reserves, and has aided in
extracting more than 600 trillion cubic feet of
natural gas and 7 billion barrels of oil, with
much more to come.

A factor in the swift growth of the Haynesville
Shale is the recent completion of several
pipeline capacity expansion projects "“
allowing Haynesville natural gas to be
delivered to market more quickly.

In property tax valuations alone in the six
primary Haynesville Shale parishes "”

Bienville, Bossier, Caddo, DeSoto, Red River
and Sabine "” oil and gas related property
values were the single largest contributing
sector to the increase in overall property tax
values, making up 47 percent of total growth
in the area from 2007 to 2010. Total oil and
gas related property valuations grew $435
million in that period, compared to the total
valuation increase in the six-parish area of
$960 million.

Natural gas is the primary feedstock used in
production of fertilizer in the agriculture
industry, and the most widely used source of
energy for manufacturing.
gasinator
 
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