Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits - GoMarcellusShale.com2024-03-28T11:16:23Zhttps://gomarcellusshale.com/forum/topics/natural-gas-boom-fizzles-as-a-u-s-glut-sinks-profits?commentId=2274639%3AComment%3A820913&feed=yes&xn_auth=noSo two Fridays ago the Congre…tag:gomarcellusshale.com,2019-12-30:2274639:Comment:8207852019-12-30T22:15:52.771Zfrank speakerhttps://gomarcellusshale.com/profile/russfenster
So two Fridays ago the Congress voted overwhelmingly to sanction the pipeline builders of Nordstream2 in a desperate attempt to halt construction. Trump, who is supposedly in the pocket of Russia, will sign the bill. The pipeline will be completed, but this doesn't matter to our knee-jerk government which pretends to be so moral and indignant to Russian interference. Our allies in Europe are outraged at our government for its truly mercenary interference, but yet this nonsense continues, and…
So two Fridays ago the Congress voted overwhelmingly to sanction the pipeline builders of Nordstream2 in a desperate attempt to halt construction. Trump, who is supposedly in the pocket of Russia, will sign the bill. The pipeline will be completed, but this doesn't matter to our knee-jerk government which pretends to be so moral and indignant to Russian interference. Our allies in Europe are outraged at our government for its truly mercenary interference, but yet this nonsense continues, and our citizens lap it all up. Meanwhile, 85% or more of my royalties are taken as 'expenses', and who pays for the billions to build export facilities, liquify the gas, ship it thousands of miles, deliquify it and ship it to Germany, when it can be sent as gas by pipeline a few hundred miles. Its total nonsense. One thing that will bring up…tag:gomarcellusshale.com,2019-12-30:2274639:Comment:8209172019-12-30T20:19:33.703ZMike hhttps://gomarcellusshale.com/profile/Mikeh108
<p>One thing that will bring up local Utica/Marcellus gas prices is local cracker plant(s). More local natural gas electrical production will help some as well. Henry Hub prices are a guideline but at the end of the day, local pricing will recognize local demand vs transportation costs to move the gas somewhere else.</p>
<p>One thing that will bring up local Utica/Marcellus gas prices is local cracker plant(s). More local natural gas electrical production will help some as well. Henry Hub prices are a guideline but at the end of the day, local pricing will recognize local demand vs transportation costs to move the gas somewhere else.</p> free enterprise doing what it…tag:gomarcellusshale.com,2019-12-30:2274639:Comment:8206812019-12-30T20:05:14.658Zjc robbhttps://gomarcellusshale.com/profile/jonchristopherrobb
<p>free enterprise doing what it does. good. i haul freight for a living. seen a few of them come and go. thats the way life really is. organic.</p>
<p>free enterprise doing what it does. good. i haul freight for a living. seen a few of them come and go. thats the way life really is. organic.</p> Spot on. the Permian is prod…tag:gomarcellusshale.com,2019-12-30:2274639:Comment:8209132019-12-30T19:59:07.031ZJim Litwinowiczhttps://gomarcellusshale.com/profile/JimLitwinowicz
<p>Spot on. the Permian is producing huge amounts of nat gas and will continue to do so as oil is the main driver of drilling there. That will keep nat gas prices low for a long time....10 yrs or more. Don't expect a boom in any dry gas areas soon. Utica may pick up as it is more a wet gas play and those products will be in more demand as the econ grows.</p>
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<p>One thing to point out, the drill rig count is not necessarily an accurate predictor of future production since they drill…</p>
<p>Spot on. the Permian is producing huge amounts of nat gas and will continue to do so as oil is the main driver of drilling there. That will keep nat gas prices low for a long time....10 yrs or more. Don't expect a boom in any dry gas areas soon. Utica may pick up as it is more a wet gas play and those products will be in more demand as the econ grows.</p>
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<p>One thing to point out, the drill rig count is not necessarily an accurate predictor of future production since they drill much longer laterals, use more sand, and are getting increased fracking results. It would be better to use some basis like 'well bore length' and combine that with expected production per ft.</p>
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<p>All IMO.</p>
<p></p> Antero Ha
Their cutting and s…tag:gomarcellusshale.com,2019-12-28:2274639:Comment:8205902019-12-28T00:56:57.592Zshakeshalehttps://gomarcellusshale.com/profile/shakeshale
Antero Ha<br />
Their cutting and selling like wild
Antero Ha<br />
Their cutting and selling like wild Another news article.
Seems a…tag:gomarcellusshale.com,2019-12-23:2274639:Comment:8206472019-12-23T21:36:34.303ZBill Simpsonhttps://gomarcellusshale.com/profile/BillSimpson
<p>Another news article.</p>
<p>Seems all Doom and Gloom lately.</p>
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<p><font style="background-color: #ffffff;"><a href="https://www.yahoo.com/finance/news/another-oil-major-bails-marcellus-200000039.html" target="_blank">https://www.yahoo.com/finance/news/another-oil-major-bails-marcellus-200000039.html</a><br/></font></p>
<p>Another news article.</p>
<p>Seems all Doom and Gloom lately.</p>
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<p><font style="background-color: #ffffff;"><a href="https://www.yahoo.com/finance/news/another-oil-major-bails-marcellus-200000039.html" target="_blank">https://www.yahoo.com/finance/news/another-oil-major-bails-marcellus-200000039.html</a><br/></font></p> Producers still have lease co…tag:gomarcellusshale.com,2019-12-23:2274639:Comment:8204912019-12-23T01:15:50.225ZRalph cramdonhttps://gomarcellusshale.com/profile/Ralphcramdon
<p>Producers still have lease commitments and pipe capacity deals to fulfill .... The drilling continues for the likes of Antero and Cabot .........</p>
<p> Drilling will eventually slow down , the question is when .............. </p>
<p>Producers still have lease commitments and pipe capacity deals to fulfill .... The drilling continues for the likes of Antero and Cabot .........</p>
<p> Drilling will eventually slow down , the question is when .............. </p> Ralph - I think as OT recentl…tag:gomarcellusshale.com,2019-12-22:2274639:Comment:8207352019-12-22T13:30:09.729Zfarmgashttps://gomarcellusshale.com/profile/farmgas
<p>Ralph - I think as OT recently said, the E&P`s will only be doing maintenance budgeting for new production. In other words, only drill as needed to sustain their budgets. Does this mean no more over producing waiting for the market, pipelines, etc to catch-up to them? Is this how other gas plays have been managed too?</p>
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<p>Ralph - I think as OT recently said, the E&P`s will only be doing maintenance budgeting for new production. In other words, only drill as needed to sustain their budgets. Does this mean no more over producing waiting for the market, pipelines, etc to catch-up to them? Is this how other gas plays have been managed too?</p>
<p></p> The lowest cost producers wil…tag:gomarcellusshale.com,2019-12-22:2274639:Comment:8206392019-12-22T13:20:59.999ZRalph cramdonhttps://gomarcellusshale.com/profile/Ralphcramdon
<p>The lowest cost producers will survive ...............</p>
<p> Production growth will come to a halt in the next few years ........ </p>
<p>The lowest cost producers will survive ...............</p>
<p> Production growth will come to a halt in the next few years ........ </p> Brent, you fail to mention th…tag:gomarcellusshale.com,2019-12-22:2274639:Comment:8207322019-12-22T02:46:32.305ZMike hhttps://gomarcellusshale.com/profile/Mikeh108
<p>Brent, you fail to mention that in various Western U.S. plays, the natural gas is a byproduct of oil production. This means the drilling and gas production is not particularly sensitive to pricing pressures.</p>
<p>Brent, you fail to mention that in various Western U.S. plays, the natural gas is a byproduct of oil production. This means the drilling and gas production is not particularly sensitive to pricing pressures.</p>