Midstream & Natural Gas "Deep Dive: Resurgence of Haynesville Shale" Gupta

研报英文原文证据摘录

Midstream & Natural Gas "Deep Dive: Resurgence of Haynesville Shale" Gupta

Global Research

22 June 2026ab

Midstream & Natural Gas Equities

AmericasDeep Dive: Resurgence of Haynesville Shale

Energy

Manav Gupta

Demand Pull Driving Haynesville Resurgence Analyst

The Haynesville Shale, the third largest shale gas province in North America (behind the manav.gupta@ubs.com

Appalachian and Permian), is positioned for significant production growth. Once +1-212-713 4399

considered too uneconomical to drill, the Haynesville has quickly become a cornerstone William Appicelli, CFA

of the US natural gas industry, fueling both domestic consumption and international Analyst

LNG exports. Key growth drivers include: 1) Gulf Coast LNG buildout, given the shale's william.appicelli@ubs.com

proximity to Gulf Coast export terminals, 2) power generation and industrial demand in +1-212-713 1414

the Gulf Coast and Southeast, 3) coal-to-gas transition. KMI highlighted Wood Sumantra Banerjee

Mackenzie's projections for an incremental 19 Bcf/d of nat gas demand from 2025 - Associate Analyst

2030, with >85% of growth expected to occur in Texas and Louisiana, driven by LNG sumantra.banerjee@ubs.com

feedgas demand (accounting for 13 Bcf/d of demand). Furthermore, TRP projects 45 +1-212-713 5104

Bcf/d of increased natural gas demand in North America from 2025 - 2035, with 10 Bcf/ Saumya Jain

d of growth (2024 - 2035) coming from LNG exports served by the US heartland. We see Associate Analyst

this strong demand pull driving the resurgence of the Haynesville volumes following a saumya.jain@ubs.com

decline beginning in 2H 2023. Haynesville production bottomed out around 13 Bcf/d in +1-212-882 0089

mid-to-late 2024 but has already rebounded to ~16Bcf/d by March 2026. Barring a Ivan Scotto