Tuesday, November 19, 2013

Haynesville Shale Rig Count Unchanged at 25

For the third straight week, the Haynesville Shale rig count did not budge from 25.  But XTO Energy moved a rig from Texas to Louisiana, giving Texas eight working Haynesville rigs and Louisiana 17. Geographically, the new XTO rig is working in Bienville Parish, where there hasn't been a new well drilled since June 2012.  This also marks the first time since I started collecting rig data that there hasn't been a Haynesville rig working in Shelby or San Augustine Counties, TX.  The only TX Haynesville rigs are in Panola (seven) and Nacogdoches (one).


Anonymous said...

If you did a sort of all those companies listed under archive of posts, how many would disappear if they had no post in the last year. Compared to the past the Haynesville is now relevant to so few companies. At the same time I bet that the number of post about LNG & compressed NG has been soaring.


Robert Hutchinson said...

You are right. I've been tempted to "rationalize" the list of labels, but part of the reason I keep this web site it to maintain some semblance of an historic record. Sure Penn Virginia hasn't been relevant to the Haynesville Shale in this decade, but someone who cares (anyone? Bueller?) might be interested in knowing what went on in the early history of the play. But there are a lot of not terribly relevant labels there right now.

I've also shifted my focus to more macro issues because the only way the Haynesville is relevant again is if the price of gas goes up. Often the micro details don't really matter that much any more.

Glad to know you're still out there, TC!