Shreveport Shale

Your welcome United States. Sincerely, the Haynesville Shale. Considering the season, perhaps it’s more appropriate to say Merry Christmas, as the Haynesville Shale area looks to give Americans a 2011 with relatively low natural gas prices thanks to the abundant resource harvested in our local area. As of now, drilling has occurred at levels higher than dictated by the market, driven primarily by obligations found in lease agreements. The obligations will expire in time, returning drilling rates to a demand based drilling model, however, in the short term, Americans will be privy to more natural gas than immediately needed, meaning lower prices for consumers. On a national level, however, natural gas supply looks to be much more limited in the coming year. With some experts projecting significant supply declines in the Gulf of Mexico, several major producers in Texas and Canadian imports, the Haynesville Shale is bucking a commodity trend in its attempt to show growth. Of course, as a relatively new resource, showing growth is equally important to turning profit at this point, with the need to attract investors a primary concern in establishing the future longevity of the shale operations.Were drilling to continue at current rates, it is unlikely the Haynesville Shale could maintain its current level of production for a time period that would satisfy land owners. At some point, drilling must cut back so as to preserve the resource. However, at least to this point, it looks as if Haynesville drilled natural gas will continue to fuel a large portion of households across the country, keeping them warm in winter, at prices consumers will enjoy for the moment.