July 2, 2021
Together with Marcellus and Utica, Haynesville is one of the main producing basins in US and is located in East Texas and Northern Louisiana. Haynesville production cost is one the lowest in US due to high initial well productivity.
Peak production to date was 9.6 Bcf/d in 2020 (from Haynesville formation only – according to EIA total raw gas production for Haynesville area is 12.02 Bcf/d). Haynesville raw gas production is expected to grow and reach 13.3 Bcf/d in 2028. After this, production is expected to decline due to maturity of basin. Average first year decline in 2020 was 75%.
Haynesville Gas Well Initial Productivity
The average new well initial productivity in 2020 was over 23.0 MMcf/d and is expected to decline to 12 MMcf/d.
Haynesville Well Count
Approximately 2500 wells have been drilled since 2010.
Haynesville Rig Count
The Haynesville rig count averaged over 50 for 2018 and 2019 (peaking at 58) and has averaged 39 since then (ranging from 32 to 45).
Haynesville Gas EUR
The Estimated Ultimate Recovery (EUR) has increased from about 6 Bcf/well in 2010 to 21 Bcf/well in 2020.