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 Chris on November 23, 2023 at 2:29am

the decline curve of the well is steep.  Production drops by half after a quarter of production 

Permalink Reply by paleface on November 23, 2023 at 3:08am

The drilling and fracturing technology keeps improving, longer laterals, old wells had as little as 4-5 frac stations new wells 50 plus there using a lot of compressor station's now the future looks bright hopefully they will learn to read fault lines better. 

Permalink Reply by Ralph cramdon on November 26, 2023 at 4:07am

You are correct Paleface ... EOG recent development in OHIO is a prime example of ever changing drilling methods ... 

Permalink Reply by farmgas on November 27, 2023 at 7:45am

You make several encouraging comments, Paleface.  How will these improvements impact the future though?

Will the fracking & compressor improvements lead to more gas removed from a well?  What is it about fault lines that cause problems?  I thought seismic testing would identify the lines?  How big of a risk are these fault lines?

Permalink Reply by paleface on November 27, 2023 at 9:55am

If you're in a drilling unit and your production is good your well could drop off quickly by communicating with a new drilled well through the fault lines, I heard the new leases have addendum for that situation. 

Permalink Reply by Ralph cramdon on November 28, 2023 at 2:55am

Production continues near all time highs ... $2.90 gas heading into DEC is not good for producers or shareholders ... Where is the bottom ? Below $2 this spring ? Its all about the temps for the next few months .... 

Permalink Reply by paleface on November 28, 2023 at 3:54am

Seneca paid $2.00 for September its usually around a dollar lower than NYMEX.

Permalink Reply by Ralph cramdon on November 28, 2023 at 10:22am

Ouch .. gas down 5% in the 2.70 range .... Own very little and have no plans as of now to own more 

Permalink Reply by Ralph cramdon on November 28, 2023 at 10:24am

AR has new presentations out , very bullish view 

Permalink Reply by farmgas on November 30, 2023 at 1:31pm

Is there anyway to block communication from a well into fault lines?  Is a fault line(s) just a cavity or a series of splits? 

Permalink Reply by Ralph cramdon on December 1, 2023 at 12:58am

N Gas down 25% this month 

Permalink Reply by farmgas on December 1, 2023 at 3:32am

Is production still high?  Are Appalachian producers producing at higher rates or is it just happening in Texas with the cheap associated gas?

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