Pending Natural Gas Demand Surge

Is the gas industry anticipating & preparing for the next surge in natural gas demand?  LNG, Artificial Intelligence, increasing electricity demand, closing of coal powered electrical generation plants plus other signs affecting natural gas demand are being reported.  Has it started yet and how will we see it impacting drilling in the Appalachian Basin including Pennsylvania? 

Which gas companies in Appalachia are best prepared for this new natural gas surge?

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Permalink Reply by paleface on July 1, 2024 at 5:14pm

Yes you described it pretty good.

Permalink Reply by farmgas on July 3, 2024 at 1:16am

I saw on the DEP efacts website notice yesterday two more Utica well permits issued  for the Painter Pad in Tioga County.  This looks like a mega pad for Utica wells.  How is Utica production results in Tioga County?  Will Utica replace Marcellus going forward?

Permalink Reply by paleface on July 3, 2024 at 2:43pm

So far, the Middlebury wells are the leaders for longevity and production.

Permalink Reply by Ralph cramdon on July 5, 2024 at 12:38am

Gas dropping hard lately ... Those shut in wells are opened ... 

Permalink Reply by paleface on July 5, 2024 at 1:55am

So far, the heat wave hasn't had a positive effect on natural gas prices.

Permalink Reply by farmgas on July 5, 2024 at 10:11am

Are these Chesapeake wells?  I thought gas companies were content to drill & develop wells for future production.  Is their strategy not too solid?  Weak knees? 

Permalink Reply by Ralph cramdon on July 5, 2024 at 12:12pm

EQT reopened 1 BCF / d recently ...... Baker Hughes rig count shows 4  more gas wells drilled this week vs last week ..... More gas from Permian as well .... 

Permalink Reply by paleface on July 6, 2024 at 2:07am

Aprils royalty per MCF was CHK $ 1.18 , Mitsui $1.33, EQT $1.19, Seneca $1.51

Permalink Reply by farmgas on July 10, 2024 at 8:22am

Not very good royalty numbers.   Hot weather hasn`t moved them too high; what will colder weather do this fall & winter?

Permalink Reply by paleface on July 10, 2024 at 1:46pm

Not a good time to sell your gas.

Permalink Reply by farmgas on July 17, 2024 at 12:55am

How are Pennsylvania gas companies preparing for better market conditions?   News reporting is leaning towards higher gas prices in 2024 & 2025 & beyond.  Are gas companies preparing for these better market prices?

Permalink Reply by paleface on July 20, 2024 at 3:12am

Vice President Vance is on our side.

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