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Haynesville: True Staying Power

Five years ago, the Haynesville shale emerged as the largest producing shale gas play in the US, with an estimated 250 trillion cubic feet of natural gas, with the first discovery announced by Chesapeake Energy. Depressed natural gas prices have somewhat dulled the development pace at Haynesville, but we still like this play. Now that the shale orgy has let go some of its decadence we can examine the potential without all the fanfare. Here’s why we like it:

•    As the natural gas market levels off, Haynesville will be on the top of everyone’s list
•    We’ve only tapped into one-quarter of the Haynesville Shale’s potential
•    Not only is it the US’ largest shale gas field, it could be the world’s 8th largest
•    It is this play that balances natural gas supply and demand
•    We think this is play has mileage and long-term stability
•    Long-lived reserves, high drilling success rates and wells with relatively high initial production rates
•    Largest inventory that can easily be delivered to market
•    It’s got the infrastructure advantage, close enough to the St. James terminal and access to Gulf Coast transport and logistics—unrivaled pipeline infrastructure

The Geological Snapshot

Spanning Louisiana,…

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