Q1 2017 Production
YE 2016 Proved Reserves
- Haynesville Shale
The Haynesville Shale – one of the largest gas fields in the continental United States – is located in the Louisiana salt basin, covering portions of northeast Texas and northwest Louisiana. The field was discovered in 2007 and was one of the first in the United States to be developed almost entirely through horizontal drilling and multi-stage hydraulic fracturing. Production rapidly climbed to approximately 10 billion cubic feet of gas per day in 2012 before falling to approximately 5.5 billion cubic feet of gas per day in 2016 as a result of decreased natural gas prices. Today, production optimization is being achieved with longer laterals and tighter fracture-stage spacing.
QEP Resources has interests in 48,100 net acres in and around the most productive core of the Haynesville Shale. Currently, all acreage is held-by-production without any QEP-operated rigs drilling. When dry-gas economics inevitably improve at some point in the future, we can easily shift our capital back to our premier dry gas asset in the Haynesville Shale.