Wednesday, February 16, 2011

1984 All Over Again?

Saw a short article this morning noting that 2010 Louisiana gas production was 2 Tcf, which was around 36% higher than 2009 levels, which were 12.3% higher than 2008. Not surprisingly, around 61% of the production came from the Haynesville Shale. The 2010 production level is now as high as it was back in 1984. Those who remember what happened in the Louisiana energy industry in the mid and late 1980's hope that's where the similarities end.

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