For awhile it looked like the sun might be setting on the Haynesville Shale. The big rigs left and went west to the eagle ford shale and the balcan looked like the buzzards were ready to pick the carcass clean.
But, one day while driving through Red River Parish, Rick Rowe spotted three brand new wells. Just outside of Frierson on Monday morning, he saw a massive new plant, the first of its kind in north Louisiana.
"They are doing test runs now, no one knows but some claim there could be significant amounts here" says Cory Jordan with Wildcat Midstream Partners.
Significant amounts of wet gas, not from the Haynesville Shale, but the Cotton Valley. Wells bringing in wet gas that's different from the Haynesville Shale's dry gas.
"They kind of forgot about the Cotton Valley a little bit and now people are seeing the value of the liquids and trying out some new drilling techniques" says Jordan.
"Dry gas only gets the Methane product value, whereas wet gas, when the liquids are separated, gets the value of the propane and butane" says Jordan.
That separation goes on inside massive tanks. Natural gas is being super cooled to minus 140 degrees. That process separates the methane from the valuable butane and propane. It makes the Cotton Valley gas more valuable and thus worth searching for.
Jordan says "there is some high hopes. Some of the wells are substantial, some have missed but the majority of the test wells have come up positive."
So positive that the Frierson plant is about to double in size; an indication that the buzzards got it wrong. The sun is not setting, in fact, it may be rising on a new gas play in north Louisiana.