Gas prices

                    Henry Hub Ave                       CHK                            Statoil

 June                  2.46                                 2.29                            2.51

 July                   2.95                                 2.55                            2.819

 August              2.84                                  2.78                           3.076

September          2.85                                 2.38                            2.589

 These #s are for Litchfeld Twp Bradford Co., PA

 In Rome Twp CHK paid .01 more each month

 

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Permalink Reply by Jim Litwinowicz on December 4, 2012 at 3:19am

Its possible that the difference in pricing is due to hedging or futures contracts.  Many of these companies use future contracts to lock in prices, especially this year when prices were expected to fall below $2/MCF  In fact a couple years ago Range made more money by hedging then they did by actual sales.

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