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 farmgas on February 25, 2024 at 10:23am

What provides for these high numbers?  Is it drilling & completion techniques or the quality of the rock where the Utica gas is found?  How do the EURs compare to the Utica wells found in the western part of PA?  Which wells ie., Marcellus or Utica, have a longer time period before declining?  Does this contribute to which one is drilled?

Permalink Reply by paleface on February 25, 2024 at 2:36pm

These are good numbers for Tioga county.Shell drilled wells would start declining after 4 months Seneca pays close attention to the wells once there in production.

Permalink Reply by Ralph cramdon on February 28, 2024 at 2:59am

Technology continues to improve 

Permalink Reply by paleface on February 28, 2024 at 3:55am

it looks better for people not drilled yet.

Permalink Reply by farmgas on February 28, 2024 at 4:02am

This realization makes the long wait bearable.   Hopefully I live long enough to enjoy it.

Permalink Reply by Ralph cramdon on February 29, 2024 at 3:36pm

Diversified share price is half of what it was a few months ago ..... 

Permalink Reply by Darrell Weaver on February 28, 2024 at 10:00am

Paleface

Why do you say that, because of the improvment in technology...?

Permalink Reply by paleface on February 28, 2024 at 2:22pm

Yes,technology is the main reason.

Permalink Reply by farmgas on March 1, 2024 at 2:46am

Many of us need Diversified Energy to be a viable & strong gas company.  Gas royalties from shallow gas wells is an important income stream for many folks in rural America. 

Permalink Reply by Ralph cramdon on March 1, 2024 at 5:35am

As I have mentioned before I have sat on Board meetings of Carbon Natural Resources in NYC  , which DEC bought out ... 

 Those shallow wells are a tough Business , with all the abandonment charges and pipe maintenance ... Carbon Natural was financially  backed by Folks who knew the Industry in Appalachia and Permian  , I was surprised when they threw in the towel , but they cut their losses and moved on .... 

I truly hope those shallow wells keep supporting folks  in your region , as I am always in the mindset that I want everyone to succeed .... 

Permalink Reply by farmgas on March 3, 2024 at 12:15pm

With the exception of current weather conditions in Western US, will cold & snow become a lessor factor now for natural gas consumption & pricing?  Is more natural gas used for heating or cooling?  Spring isn`t here yet.

Permalink Reply by Ralph cramdon on March 4, 2024 at 1:47am

"Shoulder " season is almost here ,,, Gas Inventories rebuild .. 

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