Haynesville Shale

The Haynesville Shale is a rock formation mainly composed of consolidated clay-sized particles deposited and buried in northwest Louisiana and East Texas more than 170 million years ago during the Upper Jurassic age. It is characterized by ultra-low permeability but has a high porosity compared to other shales.

The Haynesville Shale came into prominence in 2008 as a potentially major shale gas resource. Producing natural gas from the Haynesville Shale involves drilling wells from 10,000 feet and to 13,000 feet deep. The formation is deeper in areas nearer the Gulf of Mexico. The Haynesville Shale has recently been estimated to be the largest natural gas field in the contiguous 48 states with an estimated 250 trillion cubic feet of recoverable gas. Production has boomed since late March 2008, creating a number of new millionaires in the Shreveport, Louisiana region.

Oil And Gas Boom Plays In The USA And Canada

Antrim Shale ANWAR Oil Shale - Austin Chalk - Avalon Shale -Bakken Oil Shale - Barnett Shale- Bone Spring - Bossier Shale -Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale -Collingwood Shale - Cumnock Shale - Duvernay Shale -Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale- Marcellus Shale - Monterey Shale - Montney Shale -Niobrara Shale - Permian Basin - Piceance Basin - Smackover Brown Dense Formation - Spraberry Field - Tuscaloosa Marine Shale -Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale -Oil Sands - China Shale - Mineral Rights - Index of Shale

Thursday, May 5, 2011

The Good: Energy Employment Is Up

While Acadiana energy interests and their supporters have been railing against the deepwater drilling moratorium, the real employment problem in the industry was the 2007-09 economic downturn. In the course of a few months beginning in 2008, about 3,000 people lost Lafayette and St. Martin oilfield service jobs, which accounted for roughly a third of energy industry employment in Louisiana. After bottoming out at just more than 12,000 in 2009, oilfield service employment was back up to 13,200 by February, no doubt buoyed by steady climbing energy prices. If new permits in the Gulf pick, it might help Acadiana over another upcoming hurdle. By the third quarter of this year, when most of the Haynesville Shale drilling being done to establish leases is expected to be complete, drilling up there is expected to fall off by one-half or more. We'll have see whether local companies can derive benefits from the new shale oil production cropping up around the country.


Source: The Times


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