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

Monday, October 3, 2011

Natural Gas Takeover Targets


Natural gas is abundant enough in the United States to lead us closer to energy independence. We have a 100 year supply of natural gas in various areas of the country. The natural gas industry contributes $385 billion to the national economy and supports about 3 million jobs.
This great opportunity has caught the attention of big oil companies. In late 2009, Exxon Mobil (XOM) bought out natural gas player, XTO Energy for $41 billion, giving them access to unconventional resources. I think that there are other opportunities for other large oil companies such as BP plc (BP), Chevron (CVX), and ConocoPhillips (COP) to takeover various natural gas players. The large oil companies will benefit from more natural gas exposure by increasing their total energy footprint in the United States thereby increasing their market share. With the stock market slumping, these natural gas companies are becoming more attractive on a valuation basis, which increases the likelihood of takeovers.
Source: Seeking Alpha 
Posted by at
Labels: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Petro Lucrum - a Single Family Office

Loading...