Interesting web site.

Have folks here been checking this site? Someone linked it as part of a question before so I checked it out. They have a lot of interesting info on the site, including leases, signing bonus per county table, etc.

 

There is some new info about Anadarko leases added just this morning.

 

It's called Shale Gas Insiders. Here's the link:

http://www.shaleleaserumors.com/

 

 

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Permalink Reply by Dee A on April 25, 2012 at 5:41am

 

The Anadarko map here is very interesting. Shows the "dry gas, wet gas and oil" boundaries. I'm curious though about which of those are considered the best? Is it the wet gas? Oil? Or does it just depend on current selling prices?

 

Permalink Reply by Paul Martinelli on April 25, 2012 at 6:55am

The link shows Bonus Payments at $6K  for Tusc./Ohio.....anyone know who is paying that?

Permalink Reply by Robin Hood on April 25, 2012 at 7:17am

in Energy(BTU) equivalent Oil is worth the most $104 per barrel, then wet gas(depends on the hydrocarbons, maybe $40 to $80, I'm guessing. then dry gas about $12. 

Permalink Reply by Jack Straw on April 25, 2012 at 7:43am

West Texas Intermediate (WTI) is currently around $104/bbl.

Brent and Louisiana Light Sweet (LLS) and Bonny Light (delivered to US) are all closer $120/bbl.

WTI is not a good proxy for "true" oil prices.

Though this is the crude most commonly quoted on NYMEX, this oil is somewhat stranded mid-Continent and it's price is not really representative. Certainly not representative of the price of crude oil as delivered to Mid-Atlantic State refineries.

On a strict BTU basis, if dry gas was to trade on a BTU basis determined by the price of oil ($120/bbl) it would trade at $20/mmbtu (rather than the current $2/mmbtu).

Six mmbtu (mcf) of Dry gas  is the BTU equivalent of 1 Barrel of oil.

On a strict BTU basis dry gas is trading at 10% of its (oil) BTU value.

Wet Gas is a bit of a misnomer, as wet gas is still primarily dry gas, with a variable component of Natural Gas Liquids and Condensate. The exact nature and percentage of NGLs and Condensate will determine the value of a particular "Wet Gas"; perhaps resulting in values of a range of $4-$12/mcf.

The current surplus of wet gas has resulted in commodities like Ethane, trading at a discount of about 50% (on a BTU basis, when compared to oil). Propane is trading at a discount of perhaps 30% (on a BTU basis, when compared to oil).

These are all "ballpark" estimates; the value of the different commodities vary on a daily basis.

 

All IMHO,

                JS

 

Permalink Reply by Jimmy Wilson on April 25, 2012 at 11:48am

Julie catch a rabbit by his head..... what do ya say jackie boy ?

 

Jimmy

Permalink Reply by Jack Straw on April 26, 2012 at 12:04pm

I say: Row, Jimmy, Row!

Permalink Reply by Jimmy Wilson on April 27, 2012 at 3:02pm

Yes sir !!

Permalink Reply by time will tell on April 26, 2012 at 1:24am

Thanks Dee for the post .

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