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 August 24, 2022 at 3:23am

Nancy , this issue too is well past my 'pay grade ' ... NY once told me that the 'current' landowner is responsible for cleanup if the old operator cannot be found or went under  .... But as we have discussed before , what if the rights have been separated ? Whois responsible then ???  Good discussion guys and ladies ,, I as a Energy Investor try and learn something each and every day .... 

Permalink Reply by Nancy Mosley on August 24, 2022 at 9:18am

I don't know any more than you do about that. I am now curious! about the missing operator etc situation.

Permalink Reply by farmgas on August 24, 2022 at 2:05am

My experience here in PA and with Diversified Energy, they are very concerned about monitoring for methane gas leaks, and quickly respond to any evidence of a leak in their gathering pipelines or around their wells. 

Permalink Reply by Ralph cramdon on August 24, 2022 at 2:27am

Diversified recently mentioned that Biden Bill passage as a source of Fed Money for well reclamation

  

Permalink Reply by Nancy Mosley on August 24, 2022 at 2:56am

Good that there will be federal money to help with well reclamation. I know WV doesn't have nearly enough money to deal with all the old wells.

Permalink Reply by farmgas on August 24, 2022 at 3:09am

Diversified has purchased several small gas well plugging companies to add to their company service capability.   The coal industry left behind a terrible legacy of scarred land and it has taken the PA taxpayers responsible to repair it.  I think the gas industry has done a pretty good job to avoid the same problems.  

Permalink Reply by paleface on August 24, 2022 at 5:20am

there is collage age kids sneaking around with methane testers checking the plumbing around wells for leaks. I would tell them there trespassing.

Permalink Reply by Ralph cramdon on August 25, 2022 at 2:55am

 paleface 21 hours ago wrote 

t"here is collage age kids sneaking around with methane testers checking the plumbing around wells for leaks.". The Energy sector is under ever increasing attack ... .......As I drive by and in and around NYC , I often wonder how windmills will power all those electric cars and high rise buildings ... The wind currently blowing on Long Island is at ZERO .... and temps will be kissing 90 degrees 

Permalink Reply by Nancy Mosley on August 24, 2022 at 2:51am

It depends on location and operator, but maybe single digit to triple digit mcf. Some produce oil that gets hauled and sold periodically, again from single digits usually to double digits. All in Ritchie Co WV.

Permalink Reply by farmgas on September 13, 2022 at 8:43am

How is CNX Gas looking these days on Wall Street?   Any news about them?

Permalink Reply by Ralph cramdon on September 14, 2022 at 1:13am

CNX should be a takeover candidate ,, those hedges are a negative ... CNX will have to make a move sooner or later . Haynesville is all the current rage as its closer to the LNG plants 

Permalink Reply by Ralph cramdon on September 18, 2022 at 11:46pm

Gas production hitting all time highs ,, prices crashing .. The Cycle continues 

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