Experts project a slight decline in Haynesville Shale activity:
This year should top the previous two when it comes to the economic impact of the Haynesville Shale on northwest Louisiana’s economy, an economist told a crowd of hundreds gathered at a noon luncheon today. On the flip-side, however, this year’s peak also could signal the start of a slight decline through at least 2014. Dr. Loren C. Scott based his forecast on a movement of some oil and gas companies to areas across the nation where other shale plays are drawing equal attention. And oil plays also are growing in popularity.Some of the companies, he said, are thinking of moving their rigs out of Louisiana and to places such as the Marcellus Shale in the northeast and the Eagle Ford play in south Texas. In the Marcellus, for example, the shale is not as deep as the Haynesville and drilling costs are about $6 million compared to $10 million here.
Full Article: Experts Project Haynesville Shale Decline – shreveporttimes.com