The number of active natural gas rigs in USL48 stood at 85 on April 21, which is a 54% decrease from the same period last year. Haynesville, being a major natural gas producing basin, was averaging approximately 55 rigs throughout 2018 and 2019 reduced to approximately 33 rigs as of April 24th. Haynesville has seen mild growth in production throughout the past few years and was averaging slightly above 12 billion cubic feet per day (bcfd) in January 2020.
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