Permian Natural Gas selling at Negative $2.50 per MCF

Was reading article this morn 4/2/19 about Permian Badin Gas hitting a record low. Producers are paying $2.50 per MCF just to get it in the pipes

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Permalink Reply by Ralph cramdon on April 3, 2019 at 2:37am

WAHA  hub now at a NEGATIVE  $3.38 for gas ,, not much relief till end of year ....

Permalink Reply by shakeshale on April 3, 2019 at 5:59am
Wonder how the Royalty works on that
You pay the company for taking your gas ?
Permalink Reply by Dott on April 8, 2019 at 2:20pm

I have read some threads in the past of people complaining that the producers deducted money from their checks for just this very thing. They ended up owing not collecting.

Permalink Reply by James Lindstrom on April 10, 2019 at 11:39am

A couple of years ago EQT sent a letter around to royalty owners informing them that they, EQT, had the right to pass losses on to landowneers. If this is really where we're going, I might get really serious about selling my rights and let someone else pay that bill.

Permalink Reply by James Lindstrom on April 11, 2019 at 12:35am

Here's an article on fracking's poor profitability. Specifically mentions the Permian.

https://www.nytimes.com/2018/09/01/opinion/the-next-financial-crisi...

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