March 2, 2018 – Oil & Gas Investor
Analyst: Reviving Haynesville Faces Stiff Competition
By: Paul Hart, Editor-In-Chief, Midstream Business Hart Energy
It may be “a popular time to talk about the Haynesville again” as the unconventional play comes back to life—but producers in the play face plenty of competition, David Braziel, director of financial and fundamental analysis for RBN Energy, told attendees at Hart Energy’s first DUG Haynesville conference Feb. 21.
Braziel started his spotlight presentation with a broad, macro look at domestic production trends. The upticks are impressive, he noted.
“In the last 10 years, U.S. crude production has roughly doubled, from 5 million barrels per day (MMbbl/d) to 10 MMbbl/d as of November 2017,” he said. “There have been some hiccups, of course, like the oil price crash of 2014 and 2015 but production has rebounded.” The biggest driver of that trend is the play “that is the center of everyone’s attention: the Permian.”.…
Read the full article here: https://www.oilandgasinvestor.com/analyst-reviving-haynesville-faces-stiff-competition-1687176
