While the Permian is all gas and no brakes (except takeaway constraints), the Haynesville and Marcellus shows signs of slowing
Calgary, Alberta (December 7, 2022) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released several natural gas-focused reports.
EIR’s Permian Gas Report investigates whether we have seen operators shift activity to gas production because of higher natural gas prices and analyzes how relative well-level economics compare between gassy and oily regions. Also included is EIR’s view on Permian gas takeaway and expectations for Waha basis differentials in the near term. Since the beginning of 2021, EIR has seen a substantial rally in spot natural gas prices, resulting in a shift in permitting activity across the Delaware Basin.
“Permitting activity across the Delaware has shifted from the liquids-rich regions of the basin to the gas-weighted areas,” said Stephen Pratt, report author and senior associate at EIR. “The relative well-level economics in the gas-weighted areas generate comparable returns and value when compared to the core of the basin and should compete for capital for operators with regional optionality.”
EIR analysts also investigated well productivity in the Haynesville and Marcellus and looked at operational trends in its U.S. Gas Productivity report. Their findings estimate how productivity per foot will likely change in each of the two plays in 2023.
“Average well productivity has increased this year in the Haynesville, deteriorated in the northeast Marcellus and remained flat in the southwest Marcellus” added Jimmy McNamara, vice president at Enverus Intelligence Research and report author.
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Enverus Intelligence Research, Inc. is a subsidiary of Enverus and publishes energy-sector research that focuses on the oil and natural gas industries and broader energy topics including publicly traded and privately held oil, gas, midstream and other energy industry companies, basin studies (including characteristics, activity, infrastructure, etc.), commodity pricing forecasts, global macroeconomics and geopolitical matters. Enverus Intelligence Research, Inc. is registered with the U.S. Securities and Exchange Commission as an investment adviser.
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