Surging Natural Gas Prices

How are the surging natural gas prices affecting drilling this year, and what about going into 2022?  Are the gas companies taking advantage of these higher prices?  What`s next?

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Permalink Reply by Ralph cramdon on Tuesday

EOG is currently developing a big new field in OH .. So it will produce associated gas , it will be interesting to watch how the gas will be sold 

Permalink Reply by farmgas on Tuesday

Does this gas have the same btu value as does Marcellus & Utica gas?  There should be close proximity to pipelines in Ohio. 

Permalink Reply by Ralph cramdon on Tuesday

BTU value depends on well location ... Don't know what pipeline availabilty is in that region ... EOG is smart ,, they likely have a viable plan 

Permalink Reply by farmgas 17 hours ago

In Northwestern PA is the home of the oil industry started in the 1800`s.  These are conventional type wells although I`m not certain how deep they are drilled.  Do these wells produce associated gas too?  If so, are they having an impact on local gas prices?  Could this gas impact prices in Central PA?  Does Seneca Resources have oil wells near the Allegheny National Forest or near it?

Permalink Reply by farmgas 4 hours ago

1st quarter reports are being announced.  How do they look?  Any notable positive or negative signs from gas companies working in Pennsylvania?  Natural gas pricing continues to drive operations for the near future.  Will 2025 be the breakout year for higher prices and more development?

Permalink Reply by Ralph cramdon 3 hours ago

I for one remain cautious .. EQT is witholding 1 bcf /d ... As soon as prices rise they and others will reopen the valves .... 

 Don't like the Stock Market overall right now .... Empty Office Buildings , 7.% mortgage rates , high inflation , is not giving me that 'warm fuzzy feeling ' ... 

 Breaking news . Biden just tightened Coal Power plant rules , headlines say many will need to be closed .... Good for gas ? Probably . Bad for consumers ? probably ... Gov will now force more unreliable wind power upon us ... 

Permalink Reply by matthew h mcsparren 24 minutes ago

Seneca Resources (National Fuel Gas) does not own any conventional wells anymore. The were sold to Diversified

Permalink Reply by paleface 3 hours ago

CHK. is trying to make a new 52 week high.

Permalink Reply by Ralph cramdon 3 hours ago

You are right Paleface , AR has done good as well ... AR had $11 million free cash flow ... "That don't impress me much " 

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