Haynesville Shale holds potential for another economic uptick

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The Haynesville Shale formation is not very well known for its oil production, but the amount of shale gas it produces is quite significant when compared to the national level. Spanning approximately 9,000 miles within the regions of northwest Louisiana, east Texas, and southwest Arkansas, the formation accounts for 13% of the United States shale gas production and potentially holds 500 trillion cubic feet of gas.

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while Northeastern opportunities, such as the Marcellus Shale formation, have grown in popularity among producers. The region’s popularity has proven to be a conundrum for companies attempting to transport their extracted resources across the nation, as pipeline bottlenecks in the region have been proliferating due to the increased supply.

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the transportation and processing infrastructure already available in Louisiana, and the convenient location of Louisiana in the gulf are some of the critical factors which are persuading companies to return to the Haynesville formation. With six U.S. LNG export facilities expected to be fully operational by 2022, the region is appearing more and more attractive to businesses.

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the “Production in this formation will now climb for the seventh straight month in June, reaching the highest since October 2014.”

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