With natural gas prices forecast to rise alongside exports of LNG, the outlook appears favorable for Haynesville Shale players.
“The economics are really exceptional in this play. It’s driven by high volumes, very low lifting costs [about 5 cents per Mcfe],” said Rob Turnham, president and COO of Goodrich Petroleum Corp. “It’s 100% dry gas, very little formation water, if any, and therefore the operating expenses are extremely low. We’re getting about 2 1/2 Bcf per thousand feet of lateral.”
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