20 Billion CF Wells in Northern Marcellus

Here is a link to an article in Seeking Alpha which gleans some pretty amazing results data from the 3rd Quarter investor reports from Cabot, Chesapeake and Southwestern.

20 billion CF wells

Here is some food for thought.  Whenever some whackjob claims they have invented Cold Fusion in a bottle or some similar solution to all our energy needs, the news media goes crazy covering the story and the wonderful new world it will bring about.  Now we have the real deal - essentially an infinite source of energy at almost zero cost within 100 miles of the largest energy market in the world - and the media largely ignores this story.  Also the companies that have brought about this miracle claim they can't make any money.  Something doesn't seem right with this scenario.

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Permalink Reply by JK on October 28, 2013 at 3:43pm

I think you are right in that it doesn't seem right.

Consumers are going to use as much gas as they need and that's it.

We all pay the price for it and that price does not seem to reflect a glut price.

So why does this make gas a glut market?

Seems to me we need more infrastructer to store it or market it to increase profits to other countries.

We look like idiots to the world.

What were these huge companies thinking when they hit these motherloads!

Until they figure it all out, we the leased ones suffer for low production and no development.

 

Permalink Reply by MJ on October 28, 2013 at 4:13pm

Suffer?  for low production and no development?  I would call it impatience on the landowner part.  Many other countries do not allow theyre citizens to "own" minerals.  It is Govt Property.  As for unfair? - it is a business - and all business has to show a profit to stick around.  This country for the first time in forever has produced more energy than anywhere in the world this year. We all need to count our blessings and be patient for what will come (hopefully) in the form of royalties, jobs, small business stimulus & provide a focus that is not on the new Healthcare legislation.

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