ShaleTech: Haynesville ///

A handful of operators in the Haynesville/Bossier shale apparently didn’t get the message that gas is trading at sub-cellar prices, with prospects of a sustained recovery slim, at best. For these intrepid few, lower well costs have joined refracing and fresh injections of tweaked drilling and completion methodologies, to deliver higher returns and a resuscitation of sorts in a play that has been lingering on life support. This, even as once-entrenched players have either suspended operations or bailed out of the predominately dry gas Upper Jurassic play traversing some 9,000 mi2 across northern Louisiana and East Texas. “Our Haynesville results are proving to be both repeatable and predictable, which is a mandate in this market,” said Comstock Resources CEO M. Jay Allison in the third-quarter earnings call. “In fact, the Haynesville program is exceeding our expectations, where a $9-million drill-and-complete type-curve for a Haynesville well, at $2.50 gas, yields a 33% rate of return and at $3 gas yields a 55% rate of return.”

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