Natural Gas is Nearing the Magical $4.00 Mark!

What is driving it up?

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Permalink Reply by wyalusing jim on December 5, 2013 at 2:41pm

lw, each company is reporting their marketed share of the production from your well(s). add them together and you will have the total production from the well.

each company is reporting the price that they were able to sell their share of the gas for.

those companies market their production independent of each other and sometimes into completely separate markets with different marketing strategies and agreements.

wj

Permalink Reply by R. East on December 5, 2013 at 12:14pm

Jim - I hate to be the bearer of even more bad news but Leidy is a storage field and is not even close to where you stated it is. It is located in NC PA in Clinton and Potter Counties, and thats the Truth with a capital "T".

Permalink Reply by Trapper on December 1, 2013 at 5:37pm
Perhaps there are some unscrupulous producers selling to themselves through subsidiaries for low value. This would keep royalties low and profits high.
Permalink Reply by LW on December 2, 2013 at 6:52am
Today's statements. SE Bradford county. 9/2013. Statoil -2.008, Mitsui- 2.50, Anadarko - 2.97.
Permalink Reply by Jim Litwinowicz on December 2, 2013 at 12:20pm

From looking at the Henry Hub price for Sept, it was between $3.50 and $3.70.

Permalink Reply by Joseph-Ohio on December 5, 2013 at 6:27am

Trapper,

That right there ought to be against the law.

All such transactions should be 'arms length'.

Just my opinion.

Permalink Reply by wyalusing jim on December 5, 2013 at 2:37pm

todays weighted average sales prices in some areas of the Marcellus.

leidy $3.23 up 3 cents

tgp zone 4 $3.18 up 1.6 cents

tetco-m3 $3.79 up 14 cents

dominion south $3.42 up 9.7 cents

millennium ep $3.55 up 10 cents

wj

Permalink Reply by Jim Litwinowicz on December 5, 2013 at 4:06pm

My bad.  I confused the Leidy with the TCO Appalachian   Sorry about that. But it doesn't change what I was saying, that nat gas in much of central and eastern Pa sells well below the Henry Hub price we all see quoted on the television. And that is a big reason for the slow down in drilling in Pa and why many of the rigs headed for Ohio Utica where they get wet gas and light oils.

Permalink Reply by Elnathan Cory on December 9, 2013 at 4:25pm

It reached $4.23 today a jump of nearly 3% in one day! Cold spell sucking up a lot of gas?

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