Haynesville LA & Lower 48 Long-Term Forecast Update

As a result of the Daily Production Haynesville Update sent out on Friday with the 0.9 Bcf/d upward revision on the daily production model in Haynesville LA, we will be revising upward the long-term production forecast for both Haynesville LA and Lower 48.  The long-term production forecast upward revision will be 0.9 Bcf/d from Oct-2025 out to Dec-2028 for both Haynesville LA and Lower 48.

The long-term production forecast (LTF) is based on YOY % changes from public producer guidance production data, adjusted for YOY private fracking crews relative to public fracking crews. The YOY % change is then applied to the baseline production level from a year ago in order to get today's production forecast level.  The baseline production level is our daily production model.  If our daily production model is revised higher, then the LTF will be automatically revised higher as a result.