With its first discovery as a major petroleum site near the La., Gulf in 1921, the Haynesville formation would take some 80 years later to land a place in natural gas history. That’s because a trifecta of time, innovation, and technology unleashed in 2006 awakened a deep, gas-rich shale play across the southern Gulf to include La., and Texas. The magic of horizontal drilling and fracking has since created one of the nation’s largest gas basins whose treasures have yet to be fully revealed.

Reese Energy Consulting today continues to follow the E&Ps—several of which are our clients—who’ve made extraordinary strides drilling and investing in the Haynesville with its proximity to Gulf Coast LNG facilities, and bountiful midstream infrastructure to deliver gas there. This, as the nation is again crowned the world’s largest gas producer and LNG exporter. There’s never been a better time to sing a Haynesville Hallelujah.

Now, according to the latest assessment by the U.S. Geological Survey (USGS), there’s more to be discovered in the Haynesville—as in a whole lot more—and don’t even include the Western Haynesville.

The USGS estimates 47.9 TCF of natural gas and 152 MMBbls of oil are yet to be discovered in the Gulf Coast’s Haynesville formation. The so-called “Waynesville” on the western side of the East Texas Basin will be assessed in a forthcoming report of undiscovered oil and gas resources in the Bossier formation.

Bring on the Haynesville magic.