Home / Tag Archives: Haynesville

Tag Archives: Haynesville

The Latest: Officials: Still interest in Gulf of Mexico oil

NEW ORLEANS — The latest on the federal oil lease sale Wednesday in the western Gulf of Mexico, off the Texas coast (all times local). ___ 4:20 p.m. The big bidder in Wednesday’s oil lease sale for tracts off the Texas coast says it’s very pleased with the outcome. BHP Billiton Petroleum bid nearly $16.3 million for 26 of the ...

Read More »

America Resources Exploration arrives in Haynesville

Notice a lot of down and out oil companies lately looking to divest their assets? That’s exactly where you’ll find America Resources Exploration, Inc. (AREN) looking as it seeks to acquire new assets. It’s a successful strategy if a company can afford it. Buy while prices are low. America Resources recently purchased in two gas wells in Shelby County, Texas. ...

Read More »

Haynesville Adds More Rigs

According to oil services company, Baker Hughes, recent North America rotary rig count, Haynesville has been busy. Three rigs were added this week for a total of 29 up from 26 just last week. Despite the recent increase, the count is down from 43 rigs last year, weighing in at a -14 percent decrease. Other rig numbers are on the ...

Read More »

EIA productivity report: Is it all downhill from here?

Although the U.S. shale revolution has maintained impressive momentum over the course of the last year, depressed oil prices have taken their toll. The Energy Information Administration released its monthly drilling productivity report this week, and it has confirmed what many industry experts saw coming. With the exception of the Permian Basin, the U.S. has seen a drop in oil ...

Read More »

EIA report pegs Permian as only oil-producing shale

The latest U.S. Energy Information Administration’s (EIA) monthly drilling report has revealed some very encouraging news for the Permian Basin, but as for other major shale plays—not so much. Among the Bakken, Eagle Ford, Haynesville, Marcellus and Niobrara shale plays, the Permian stood alone as the only shale to sustain continued oil production. According to the EIA’s March report, the ...

Read More »

Eagle Ford continues to see rigs drop

oil rig

Rigs are continuing to drop like flies. Low oil prices are a major cause, but companies also cite the increases in efficiencies that have prompted them to lay some rigs idle. While oil prices have been up and down, and all around $50 per barrel, the latest data released from Baker Hughes shows a decline in active rigs all over ...

Read More »

Is Louisiana delta growth giving hope to state’s coastline?

For more than 80 years, Louisiana has been losing ground. Literally. But one area of Louisiana’s coastline is giving the state reason to hope. Two deltas in Atchafalaya Bay have exhibited phenomenal growth over the last 30 years, and the scientific community is hoping they will provide some hints on how to save Louisiana’s boot from disappearing. The West Lake ...

Read More »

Haynesville Shale: Is it making a comeback?

SHREVEPORT, La. — Texas-based Comstock Resources weeks ago offered a sliver of hope the Haynesville Shale may be getting renewed attention from the industry. The independent energy company announced plans to suspend its oil-directed drilling activity in shale plays in Texas and Mississippi and move two rigs to Northeast Louisiana where it would start up drilling for natural gas in ...

Read More »