Another "golden egg" laying goose is dead?

 As we have seen, the Marcellus shale drilling success has lead to an over-supply of natural gas and a depressed price.

 The driller's answer was - go to the wet gas Utica areas to capitalize on the higher value of natural gas liquids mainly ethane. Now this success has lead to an over-supply of ethane and the price of ethane is now less than the equivalent methane. The ethane cannot be left in the gas going into the pipeline because it contains more BTUs than methane (1070 vs approx 1025) and that would raise the value too close to the limit pipelines allow - 1100 BTU.

  The answer may be to shut-in some Utica wells and return to the dry gas areas, but wait there is an over-supply of gas. What's needed is more useage, but that is going to take time and even then there's such an over-supply that prices are not going to change much for a long time.

 The drillers are between a rock and a hard place.

  Here are a couple of articles from Platts.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Petrochemicals/60...

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6987988

Views: 17201

▶ Reply to This

Replies to This Discussion

2z248p19vqnh9Permalink Reply by 2z248p19vqnh9 on May 19, 2013 at 6:32pm

Mouth, mouth, mouth...you give good advice, John O'Brian, Tex.

*Frack Site Near Homes and Road - New Milford, Pa. - YouTube

Open your eyes & you will see the frack crack of life as it will be?... asonelightlightsanother,norgrowsless-sonoblenessenkindlesnobleness.

As far as VERA is concerned, John - call her up & ASK HER yourself!

*607-237-9685  -- Vera Scroggins

or email her: veraduerga@yahoo.com. Call her yourself John & YOU tell her what you wrote HERE, chum. As one light lights another, nor grows less - so nobleness enkindles nobleness.

Fracking Teddick Site - 4-25-13 - YouTube   ***good

2z248p19vqnh9Permalink Reply by 2z248p19vqnh9 on May 19, 2013 at 8:27pm

*Billy - did you get everything 'straight'? at the site?...prayed for you all. Any ideas - Go Marcellus & Utica Shale: Leasing, Drilling &...(Billy Park Wyde)

---------------------------------=

Fracking Teddick Site - 4-25-13 - YouTube ...does the frilling site that you are working on LOOK anything like THIS? 

...WHEW! saw some BIG trucks transporting equipment, but wasn't sure what they WERE...beyond 'just a general idea'...

*'KEY' 'Pressure Pumping Services' & 'Energy'...one had 'boom' & both Multiple Hose Hook-up Pts... (WV)

*'Synergistics - Tank Truck (Oklahoma)

-------------------

Fracking Hell: The Untold Story - YouTube  --- YOU be 'the judge'...clean cut, clear, & dry (gas?)...I believe 'KEY' was mentioned here.

--------------------------------------

As one light lights another, nor grows less - so nobleness enkindles nobleness.

WARNING! Watch this before you head to North Dakota to get rich!! -......sounds like Oklahoma in the 70's...1970s energy crisis - Wikipedia, the free encyclopedia...

And, wit THAT said...NOTHING lasts forever...Flashback: Watergate, Nazis, Nixon, Rockefeller | Jon Rappoport's Blog...

Sure DO get a 'kick' outta' YOU!!! Frank Sinatra-The best of-Frank Sinatra collection - YouTube...much ado about Fracking!

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service