Haynesville
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Already the largest producer in the gas-rich play, Southwestern has bolstered its status with the acquisition of the third-largest producer.
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The deal represents what will become the second deployment of an all-electric fracturing fleet built by Halliburton and with power supplied by VoltaGrid's microgrid technology.
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The gas-focused producer said it will turn its attention to drilling programs on its Haynesville acreage.
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Just as US natural gas prices reach multiyear highs, Chesapeake Energy moves to become this region's largest producer.
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The deal is expected to bolster Southwestern's annual production to more than 4 Bcf/D.
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Oil and gas producers in the southern US suffered from a historic disruption to their operations, but analysts say the effects will be short lived compared to what may be in store for downstream operators.
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The data analytics firm projects US dry gas output growth will shrink to 2 Bcf/D next year from 8–9 Bcf/D in 2018 and 2019.
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The combination will create one of the Haynesville Shale’s top gas producers, tripling Comstock’s Haynesville-Bossier acreage.
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Indigo Natural Resources, Aethon Energy, and Rockcliff Energy are among the most active operators in the revived Haynesville Shale of North Louisiana and East Texas. And most people outside of the region likely have never heard of them.
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After a long cooling off period, this dry-gas shale play is once again red hot.