Economics
Shale Play `Left for Dead' Gets Some Love as U.S. Gas Rises
- Gas production from Haynesville may rise for seventh month
- New well designs have improved economics in the basin
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A natural gas basin that helped kickstart the shale boom a decade ago is getting a new lease on life as the market recovers.
Production in the Haynesville reservoir will climb for the seventh straight month in June, reaching the highest since October 2014, government data show. Output in the play, located in Louisiana and east Texas, fell to a six-year low last March, pressured by tumbling gas prices and competition from gushier, more profitable wells in Pennsylvania and West Virginia.