Haynesville Shale 101
Louisiana and East Texas have also become a name in the oil and natural gas industry thanks to Haynesville Shale. Basically, this Shale is a huge rock formation found in Louisiana and East Texas. https://www.zkcentrifuge.com/product/ex-proof-type-centrifuge-equipment-nitrogen-filled-hemp-extraction/ date back to the Upper Jurassic Age which makes it approximately 170 million years ago and are composed of particles that are clay-sized. The distinctive characteristic of this rock formation is that its permeability is ultra-low. However, its porosity is really high as compared to the other existing shales.
It was in 2008 that the Shale made a name for itself. Vertical wells were not exactly the best drilling method used which made it not very popular when it comes to mineral resources. However, upon introduction of the horizontal hydraulic drilling, it was discovered that the shale houses large amounts of oil and natural gas. Since then, Haynesville Shale has become a known major shale gas resources. In fact, it became a critical contributor not only in the economy of Louisiana but also in the economy of the United States.
Drilling in Haynesville Shale requires an approximate of 10,000 feet to 13,000 feet deep wells. centrifuge for food waste around the area of Gulf of Mexico are deeper.
At first, it was Barnett Shale that was considered as the number one oil producer. However, it was overthrown by Haynesville Shale later on after reaching a certain amount of production on only a span of three years. Such amount was reached by Barnett Shale only after five to ten years of operation. Undoubtedly, the Shale became one of the top choices for oil and gas players in their drilling operations.
When the Shale was identified to be a good producer of oil and natural gas, studies were conducted in the area in order to determine the amount that it can yield. True enough, it was confirmed that it is the largest gas reserves in approximately 48 contiguous states in the United States. In fact, it was estimated that the shale contains around 250 trillion cubic feet of recoverable gas. Since Haynesville Shale became a hot spot for those who wants to gain something out of mineral rights, there is no doubt that owners instantly became millionaires in the region.
Up to this date, a lot of oil players are still heading to Haynesville Shale to acquire mineral rights over the acreage. With bountiful resources and a good demand for such, there are definitely reasons to consider this as investment.
It was in 2008 that the Shale made a name for itself. Vertical wells were not exactly the best drilling method used which made it not very popular when it comes to mineral resources. However, upon introduction of the horizontal hydraulic drilling, it was discovered that the shale houses large amounts of oil and natural gas. Since then, Haynesville Shale has become a known major shale gas resources. In fact, it became a critical contributor not only in the economy of Louisiana but also in the economy of the United States.
Drilling in Haynesville Shale requires an approximate of 10,000 feet to 13,000 feet deep wells. centrifuge for food waste around the area of Gulf of Mexico are deeper.
At first, it was Barnett Shale that was considered as the number one oil producer. However, it was overthrown by Haynesville Shale later on after reaching a certain amount of production on only a span of three years. Such amount was reached by Barnett Shale only after five to ten years of operation. Undoubtedly, the Shale became one of the top choices for oil and gas players in their drilling operations.
When the Shale was identified to be a good producer of oil and natural gas, studies were conducted in the area in order to determine the amount that it can yield. True enough, it was confirmed that it is the largest gas reserves in approximately 48 contiguous states in the United States. In fact, it was estimated that the shale contains around 250 trillion cubic feet of recoverable gas. Since Haynesville Shale became a hot spot for those who wants to gain something out of mineral rights, there is no doubt that owners instantly became millionaires in the region.
Up to this date, a lot of oil players are still heading to Haynesville Shale to acquire mineral rights over the acreage. With bountiful resources and a good demand for such, there are definitely reasons to consider this as investment.
