taylormade

Natural Gas: Playing the Haynesville Shale

NG, based on early reports from new unconventional shale plays such as Marcellus, Huron and Haynesville, may be a mid to long term partial solution to the U.S. oil (energy) dilemma. The dilemma, oil is expensive, dirty and much of it comes from nations that can only be considered less than a friendly neighbor.

Pickens proposes, and puts his money where his mouth is, wind energy be increased to produce electricity. Then some current NG used for electrical generation and of course the new NG shale plays can be used to displace some reliance on oil products for transportation including cars. His company is CLNE and they are building CNG (compressed Natural Gas) filling stations eventually across the entire US.

I have read many articles about these new shale plays and am somewhat astonished when XCO is not mentioned associated with all three, Marcellus, Huron and Haynesville. For the size of the company, they have oversized positions in all three shale plays mentioned here and they have some infrastructure and most of their acreage is held by current production from shallower wells.