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 29, 2023 at 2:40am

NFG share price 2011 = $73       2023 = $52         

Permalink Reply by farmgas on August 29, 2023 at 7:09am

Will the hurricane moving through the gulf impact NG prices? 

Permalink Reply by Ralph cramdon on August 29, 2023 at 2:20pm

Looks like the storm will pass way west of the producing region . 

Permalink Reply by Brian Higgins on August 29, 2023 at 8:20pm
Western Utica shale business is moving on no matter what
Permalink Reply by farmgas on September 8, 2023 at 6:36am

How is the future looking now for natural gas?  Will we see $3-4 soon? 

Permalink Reply by Ralph cramdon on September 8, 2023 at 11:33am

Production continues above 100 bcf/d . Recently saw a $1 prediction for this fall shoulder season ... I doubt it ... If in the unlikely case it does happen ,a lot of carnage wil occur and opportunities will arise . I continue to sit on the sidelines , which is very unusual for me . 80 % t bills .  

Permalink Reply by farmgas on September 8, 2023 at 11:43am

Do you mean dropping to $1 or adding another $1 to the current price?  It is so difficult trying to follow the market.  One day it`s up and the next day ti`s down again.  One industry news article says the market is improving and another article the same day says it isn`t improving.  It`s very difficult to see a pattern other then just a very confusing one.

Permalink Reply by Ralph cramdon on September 8, 2023 at 12:14pm

That prediction was dropping to $1 gas this fall  . I don't see that happening , but as always , I will be watching . 

Permalink Reply by Kitchen on September 9, 2023 at 2:13am

Does anyone know how to get the monthly Tennessee gas pipe line pricing? My lease mandates the gas company[s] pay at least that. I was able to see them but no longer can. The company's were underpaying  from a few cents to as much as 50 cents.

Permalink Reply by Ralph cramdon on September 10, 2023 at 12:57am

Take a look around , the info is out there .  Natural Gas Intelligence ,,, NGI probably offers a free trial period . EIA has a lot of data out there as well . Even using Google will probably provide the info you seek . 

Permalink Reply by Kitchen on September 10, 2023 at 6:38am

Thanks Ralph!

I have tried to find the info but it is pretty guarded. I even call TGP and they will not give it. I was getting it from someone who was doing a forensic study of my royalties but we parted ways. 

Does anyone know of someone who will do a royalty study ??

Permalink Reply by Ralph cramdon on September 10, 2023 at 11:46pm

At the end of each qtr some producers will provide the price they received from various shippers , as you probably know , those prices are normally lower than henry hub 

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