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 Ralph cramdon on November 7, 2023 at 9:09am

Managers / companies  get rewarded for growth ... Some are trying to stay flat , others like AR i think are poised to grow by 9% .... EOG [ a great oiler ] has just developed central OH as a major play ... Multiple others have failed in that region including Shell , Hess , CHK and COG .. Look for additional gas / oil as this OH play develops ... As gas is now over $3 , the valves are opening wider across appalachia to get some profit out of those wells ... 

Permalink Reply by paleface on November 7, 2023 at 2:37pm

Check out Tioga Pathway Project

Permalink Reply by farmgas on November 7, 2023 at 5:51pm

Shouldn`t opening up those valves cause wells to decline faster necessitating drilling more wells?  That should help drilling moving into the non-core areas sooner, right?

Permalink Reply by Ralph cramdon on November 7, 2023 at 10:24pm

As the technology gets better the 'core' keeps expanding  

Permalink Reply by Ralph cramdon on November 7, 2023 at 10:24pm

Thanks Paleface 

Permalink Reply by paleface on November 9, 2023 at 8:30am

Seneca and other gas companys need an LNG export on the ST Lawerence.

Permalink Reply by Ralph cramdon on November 9, 2023 at 9:28am

Lots of luck getting a major new pipeline thru NY State ..

Permalink Reply by Ralph cramdon on November 10, 2023 at 8:59am

110 bcf / d   production , new records  ... Insanity,,,, Once again gas is currently uninvestable  

Permalink Reply by farmgas on November 13, 2023 at 4:05pm

When will the market change for the better?

Permalink Reply by Chris on November 13, 2023 at 5:33pm

Not until supply and demand says so.  Unfortunately there are no industry insiders on this site.  

Permalink Reply by Ralph cramdon on November 13, 2023 at 5:48pm

Insiders ? Not to spoil your post , but 'insiders ' say very little in public , its in their best interest to stay away from the SEC dept .... 

Permalink Reply by Ralph cramdon on November 13, 2023 at 5:45pm

Those who sat with the valves closed with $2.50 gas have turned the vales open @ $3 to make some money ... 

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