Haynesville

During this time, the market has punished gas drillers in the Haynesville.

Now, we do think there's going to be a decrease in our overall Haynesville Louisiana volume, compared to what we saw in 2022 because of the prices, we even saw the Comstock announced that they're laying down two rigs.

The drop in the Haynesville isn't surprising, and I noted that the basin tends to see rig counts go down in prior write-ups on natural gas names.

The next part of your question is, if in fact you do lose some 20 rigs or 30 rigs in the Haynesville, does that create downward price pressure in other basins.

In 2024, management reported it has 10 wells that it plans to put into production and 8 of those will be targeting the Haynesville Shale formation rather than the Bossier.

It also expanded its production in the Haynesville Shale region of Louisiana and East Texas.

ICD and Sidewinder have complementary pad-optimal drilling fleets and operations focused in the Permian Basin, Haynesville region and other basins in Texas.

M5 Midstream, which operates in the Haynesville shale formation spanning Louisiana and parts of East Texas, was developed by Momentum Midstream LLC and is the second Momentum company purchased by DTE in the past five years.

Economic and technological advancements and increased drilling have resulted in growth in natural gas production from Louisiana’s Haynesville play.