Surging Natural Gas Prices

How are the surging natural gas prices affecting drilling this year, and what about going into 2022?  Are the gas companies taking advantage of these higher prices?  What`s next?

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Permalink Reply by farmgas on July 17, 2023 at 2:31pm

Are these wells in PA?  So instead of just throttling back they are shut-down. 

Permalink Reply by paleface on July 18, 2023 at 1:18am

Yes and yes.

Permalink Reply by Educate Me on July 18, 2023 at 2:08am

Is there a site we can go to to see what wells have been shut in?

Permalink Reply by paleface on July 18, 2023 at 3:06am

Department of Enviromental Protection - Oil and Gas Reports

Permalink Reply by Ralph cramdon on July 20, 2023 at 2:24am

Paleface , any new activity in NW Tioga ? 

Permalink Reply by paleface on July 20, 2023 at 2:59am

I heard a rumor Seneca bought the South Western leases there,they need it for pipelines and they got some good wells Painter,Aplanop.

Permalink Reply by Ralph cramdon on July 17, 2023 at 3:35pm

Production once again over 103 BCF/D ... Ouch 

Permalink Reply by Ralph cramdon on July 20, 2023 at 5:34am

Thanks Palefaace

Permalink Reply by paleface on July 20, 2023 at 12:31pm

Seneca purchased the mineral rights under the UGI storage fields in Farmington township for Utica drilling.  1868 acres for $ 4,447,320.00

Permalink Reply by Ralph cramdon on July 21, 2023 at 1:04am

$2,600 an acre , seems like a decent deal for Seneca . Yesterdays Gas Inventory report was slightly bullish .. Investors are waiting for production to fade a bit 

Permalink Reply by paleface on July 21, 2023 at 1:10am

Now the people that couldn't be leased because of the storage fields will probably be able.to.

Permalink Reply by Ralph cramdon on July 21, 2023 at 1:58am

Good point Paleface . The map shows Farmington is more to the west of Tioga . 

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