Speculation only, greater TGP capacity starting in Nov '12, and some of TGP capacity formerly locked by Cabot, freed up, reducing the discount to NYMEX.
Will have to compare previous months of CHK vs HHub spot.
Better anyway.
Tags:
The Alberta well was cut back because there was sand mixing in with the produced gas. This is what the local farmer told me. He was told that by Chesapeake. Also there is only one well on the Alberta pad even though there are 3 permits posted on the board.
GLEN We hear the THALL wells adjacent to Alberta are light weigh
We are in the Thall unit(s) . They have been in production since July, but no division orders. No answers from CHK.
This is the production reported for 2nd half of 2012
Thall 2h
171 days Thall 6h 812784 169 days
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2H |
|
|
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|
5H |
882525 |
171 |
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|
6H |
812784 |
169 |
copy and paste from spreadsheet didn't work so well.
Alberta is 920551 172 days
Epler 3h 1,314,852 184 days
Epler 5h 801438 184 days
So far theory is playing out.
SE Bradford vs NYMEX is way up vs pre Nov 2012.
Have only been right once in my life, that was IT!!
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