Statoil, Wyalusing Township well:
Nov 11 - $3.727
Dec 11 - $3.643
Jan '12 - $3.261
I feared worse for JAN, surely FEB abd MAR will be much lower.
I see a STAT payment for Terry Twp, OCT '11 of $4.10.
Prices vary by company many markettheir own gas and chose timing.
Not sure overtime if they don't avg out.
Ya know, I do not know your motivation for what you do but it really looks foolish.
Ya know, about 20 years ago, a Doctor at the Cleveland Clinic told my dad that he had 1 day, to one year to live! I thought to myself, why would he do that no matter how bad things look? What did he have to gain by taking the wind from my dad's sails??? Maybe he was trying to make himself look good, or smarter than he really was. Well, dad lived for 9 more years and every year, he called the Doctor's office to let them know he was still alive and to let that Doctor know that in spite of his lack of compassion and knowledge, he survived the sentence and made the guy look stupid. What would it have hurt for the moron to bite his tongue and tell my dad that he "could" have 5 to 20 years?????? Could it have been a smarter thing to do instead of making himself the center of attention for a moment? I think yes!
G. Kenny you are amazing. Yesterday I post an AP article in effort to show you the truth. You ignore it totally and instead regale us with a 20 year old story about your dad.
Thing is, you are entitled to your own opinion. You're just not entitled to your own facts.
So, OK. Here is the latest report, a three page story:
Do you have a story about your mom, maybe, as answer to today's reality check? Or would you consider actually dealing with the issue at hand, which is an immense natural gas glut having nothing whatsoever to do with your family!!
Come on, Kenny. Tell us again the glut is overblown and not real. But at least tell us something that relates to natural gas, and not about something else that is entirely unrelated.
Analogies are unnecessary when stark, thoroughly documented reality is staring us all in the face. You wrote earlier I was wrong about this glut. Show us your documentation!!!!!!!!!!!!! And please, no more family stories.
I don't know of any motivation, but you claim to and additionally “it looks foolish”, what to whom, to whom?
2) No gasco is paying anything for Utica layers in Bradford Cnty, why would they ?
3) This is about natural gas exploration and development, not an illness that may come or go. This geology was defined 100-400 million yrs ago, it is unchanged last week to 1 million yrs ago to 1 million in the future. We are inventorying its characteristics.
4) AP etc are a dime a dozen. Journalists trying to make zippy what isn't are just that, They re not analysts.
Read what they wrote in May, JUN, KUL 2008.
5) What some have tried to say here is “ show me Missouri”, yes we have record gas in storage and record production other than the early 70s. KNOWNS and if we have a cool summer, N-gas prices could approach 0.
What does that have to do with N-gas in 2016, 2018 or 2020, nothing except better odds of a full up cycle as more rigs are laid down and capital dries up. So what why would anyone think n-gas would stay under 3 or 2 over time? N-gas was .80-90 in the early 90s, 18 after Katrina. Volatility is flattening with the assurity of plentiful unconventional/shale gas development.
Gas has may risks, contrary to many landowner views. 1 price, 2 3 4 etc.
There are lots of wells in Brad. Co as well as Wyoming Co waiting for fracking and tieins, Yes i know all about NE Brad. Co. (you already know i have worked on most of those sites, and are familiar with things in my neck of the woods). It will all come in due time, being a landowner has many risks also, but again you know about them. One thing about it, spoutoffman isn't here to be a foil for you,lol.
I'll bet you < F W > run to the mirror on a regular basis and scream "I SHOWED THEM" don't you?
What a poor excuse for a human being. Most likely no family stories for you to tell because I am sure they wanted little to do with you as well!
Go toot your own horn somewhere else Franky. I am sure there are many many fans of yours waiting for you to speak on many other sites!
I have seen you before and know your type and it is unfortunate that souting off at the mouth is always so easy for the cowardly! I think I have a link to that for you!
Gosh, Kenny, you surely are a "shoot the messenger" kind of fellow. Just because I tell the truth and bring important news, you attack me because you don't like the news. And I note you also offer no documentation whatsoever to support your viewpoint that the gas glut is overblown. All you bring is personal attack and criticism.
Well, my service here is to more important, more realistic, persons than yourself. I want people to know the truth. So here is today's offering from me:
I urge readers in general, not Kenny of course but others, to remain aware of NG market circumstances. Most important of all, do not spend your gas money before it actually is in hand. I concede the vast majority of you already know this. But spending gas money, either royalty or bonus, before you are paid is especially fraught with danger today. Do not do it. Wait until you actually have the money, until your check arrives and you have cashed it. Do it this way to avoid a lot of potential unhappiness.
Because right now the bottom is falling out of the NG market. And I've no idea how low the price will go before things turn around. So don't be an ostrich like poor Kenny and seek to deny reality. Remain aware. Remain alert. And good luck!
And don't forget the tax man!!
A service, "don't spend your money until you get it" is a service?????? To whom???
It is not your viewpoint that is irritating Frank.......it is you in general. You are not a "service" as you like to call yourself in the mirror, to anyone other than you!
You need to beat the subject to death and try to be sure that everyone knows that the end is here for the NG industry forever! If you want to publish bad news constantly then say what you have to say and leave it at that instead of repeating the gloom over and over and over and then trying to justify what you do. Go away Frank, get a hobby!
Go away Frank, nobody is listening to you.......except you!
Thank you, Kenny, for your very gracious and gentlemanly post. I'll simply continue to let the facts speak for themselves . . . and for me.
Also: Question for Hump:
Hump is it true what some say that there is support at $1.79???
It would be nice to see support somewhere!!
Is it true what some are saying . . that there is support at $1.79??
Just some more food for thought, Foreign companies will eventually develop their own shale plays. China, Poland, etc.... also driving prices further down. The following website has great articles everyday, I check it often. www.oilprice.com
"Technically, however, China may already be the world leader in shale. The EIA says reserve capacity could be twice the U.S. estimate of 542 trillion cubic feet. China held its first auction for the rights to explore shale gas deposits just last summer and already supermajors Chevron and Royal Dutch Shell have started developments there"