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Higher natural gas prices lift producers’ spirits
DUG Haynesville virtual program offers well-timed insights
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atural gas producers along the Texas-Louisiana border will play leading roles in the upstream sector’s recovery from the depths of its 2020 market disruptions. That positive news ranks as a key takeaway from the FundamentalEdge report published Sept. 9 by data services leader Enverus.

Producers nationwide dramatically trimmed 2020 spending plans as commodity prices fell alongside dropping demand, one notable result of the COVID-19 pandemic. Rig activity was cut and production declined nationwide as oversupply overtook the market, particularly in oil-directed plays. In turn, associated gas production dropped – and the so-called “dry gas plays” made up the difference as natural gas prices rose to multi-year highs this summer.

“For all that happened to oil, to some degree the inverse is true for natural gas,” said Rob McBride, senior director of strategic analytics at Enverus. “Natural gas is well poised for the near future. Since the historic crash a few months ago, gas has slowly crept up, but drilling rigs haven’t yet followed suit.”

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While crude oil demand cratered with the “double black swan” of a Saudi-Russian crude oil “price war” and coronavirus shutdowns, gas-reliant industries like heating and power weathered much better.
Timely updates from leading players
Now Enverus projects dry natural gas production in the Haynesville to grow by 5 Bcf/d over the next five years – and the annual DUG Haynesville conference provides the perfect opportunity to get firsthand updates on what’s happening and what’s coming for this productive region.
“For all that happened to oil, to some degree, the inverse is true for natural gas. Natural gas is well poised for the near future.”
A “frac-side chat” with John D. Jacobi, CEO & president of Javelin Energy Partners and co-founder of Covey Park Energy, promises to provide unique perspectives on the Haynesville play’s past and future prospects. Registrants also will hear C-level executives from leading Haynesville producers like Goodrich Petroleum, Aethon Energy and Rockcliff Energy, as well as Ark-La-Tex players like Castleton Resources, New Century Exploration, Sabine Oil & Gas, and Velandera Energy Partners.

Originally set as an in-person conference and exhibition, the event became another pandemic casualty due to the state’s social distancing restrictions. Now the show will go on(line) October 28 in virtual format. Online registration takes only a minute or two at dughaynesville.com. Best of all, registration is available at no cost thanks to generous support from Hart Energy’s sponsors.

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