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February 21, 2022

Haynesville Shale production declined by 3.98% in October 2021

By Carmen

Haynesville Shale witnessed a decrease of 3.98% in total oil and gas production to 1,896,179.28 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production in Haynesville grew 19.18% in October 2021 from 1,591,040.44 boe/d in October 2020. On a YTD basis, the total oil and gas production in the play increased by 22.63% from the same period in 2020.

In Haynesville, oil production grew 0.8% in October 2021 as compared with the previous month, while gas production decreased by 4.26% to 10,824.7 mmcf/d.

On a YTD basis, oil production in the play decreased by 6.47% in 2021 when compared with the same period in 2020, while gas production rose by 23.22%. Out of the total oil and gas production in October 2021, oil held a 1.08% share, while gas had a 98.42% share.


In Haynesville, Comstock Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 302,033.04 boe/d in October 2021, a decrease of 5.83% from the previous month. The company held a 0.02% share in oil production and 16.22% share in gas production in October 2021.

On a YTD basis, the company registered an 11.03% increase in total oil and gas production from the same period in 2020.



Compared with other counties within Haynesville Shale, De Soto county recorded the highest oil and gas production, holding a 23.62% share in October 2021. The county witnessed a 5.48% decrease in production to 447,866.16 boe/d in October 2021 when compared with the previous month.

On a YTD basis, it registered an increase of 18% in total production from the same period in 2020.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

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