RE: Injection rare and EIA report More info on this:
"A couple of facts that can not be denied:
Haynesville is the largest producing field in the country. The Rig Count has decreased from a high of 184 to its current level of 88. These wells routinely IP at 10mmcfd. So with close to 100 Rigs leaving the play, we are talking a very large reduction in future supply.
Haynesville has an 80% decline rate.
Much of the backlog on completions has been worked thru in the Haynesville.
Massive exodus of Rigs from the Barnet Shale has likewise occurred.
Nationally, NG Rig count continues to decline.
And as previously stated, the weekly injection rate was 228 Bcf less than this time last year, that’s a very large number and will continue to decline."
MK