Louisiana set for a race between gas producers to extend acreage and expand production
Dash for gas in the Haynesville
Bullish output projections and snowballing consolidation illustrate scramble to gain a foothold in the basin
Louisiana may be set for some of its most thrilling pursuits since a speedboat piloted by Roger Moore’s incarnation of James Bond memorably confounded both his villainous pursuers and Sheriff JW Pepper through its bayous in 1973’s Live and Let Die. US gas producers with deep pockets are rapidly shifting capital to extend acreage and expand production in the Haynesville dry gas basin. Houston-based Tellurian is shelling out $125mn to source feedstock for its Driftwood LNG project, while BP says it could reallocate c.$0.5bn to the basin. Despite only recently emerging from bankruptcy, US independent Chesapeake Energy is also increasing its exposure. “[The] Eagle Ford has become non-core to our
Also in this section
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
