Everything Really is Bigger in Texas

Not wanting to be left out, activity on the other side of the state in East Texas is also picking up. After being labeled the largest natural gas field in the U.S five years ago, production steadily declined in the Haynesville due to natural gas prices plummeting, but now, the region is back on the rise. As natural gas prices continue to climb back up, the Haynesville has started to once again attract the attention of oil and gas companies who are now returning rigs to the region. The good news is that the Haynesville is still expected to contain a wealth of resources. Despite the fact that more than 2,400 wells have been drilled across the Haynesville – which stretches from Northeast Texas to Northwest Louisiana- it’s still believed that 75% of its resources still haven’t been recovered.