BP calls the Haynesville Shale “the most revenue generative gas play in the U.S.”
The northern Louisiana/east Texas gas giant recently celebrated a milestone: in 2018 the Haynesville Shale turned 10.
The Haynesville has won and lost the shale boom popularity contest a few times since it was discovered by Chesapeake Energy a decade ago. But the potential to create wealth from the vast natural gas resources within the Haynesville is largely on par with the other great U.S. gas plays. And according to some producers, its risk/reward potential beats some popular oil plays.
The play, which lies primarily under East Texas and Northwest Louisiana, is considered one of the top three U.S. natural gas deposits. The gas is generally between about 10,500 and 13,500 feet beneath the surface and the play averages about 250 feet of pay. Another zone of gas called the Bossier is located above the Haynesville and companies often reference the two plays as the Haynesville/Bossier Shale.
Estimates of the natural gas held in the Haynesville Shale have ranged widely over the years since its discovery.