View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
May 11, 2020

Haynesville gas production growth interrupted by demand shock due to Covid-19

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.

By Adam Williams

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.

Click here to read the full story.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology