haynesville shale review 2008 - 2020
TRANSCRIPT
July 2020
HA RA GLD 361 & 12-15-15HC #1ChesapeakeDesoto Parish
Initial Production 45 MMCFD
EUR 19 BCF
3,790 #/Ft
8,245’ Lateral Length
B Factor 0.65
July 2020
HA RB SUN; FARGESON 29-20 #1Indigo MineralsDesoto Parish
Initial Production 25 MMCFD
EUR 22 BCF
4,770 #/Ft
8,520’ Lateral Length
B Factor 0.70
New Well Reserves & Economics Lateral 7,800 feet Drill & Complete Cost $8,600,000 Operating expense $0.20 /MCF Transportation $0.23 / MCF Gas Price: July 2020 NYMEX NRI: 80% Reserves: 13.9 BCF IP 20 MMCFD
Haynesville Shale Drilling Type Curve
Initial decline 60.5%
B Factor 0.5
Payout: 2 years IRR 36% PV10: $3.7 million
July 2020
Gas prices look better for next year
Rig count has stabilized and increasing
Drilling costs are going down
Reserves per well continue to increase
Strong electric demand growth
Outlook?NYMEX Gas