We have tried to compare the actual market prices VS what appears on the statements for years. Some times close and sometimes no cigar to say the least. I have come to discover that the gas companies will discount gas to commercial buyers and what they sell it is the price they will pay you. So if see 3.57 listed on this site and they sell it 2.69 you can bet the ranch that 2.69 will appear on your statement.
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chk is still stuck at 1000 foot spacing, but other companies up here are testing 500. cabot is still drilling both the upper and lower Marcellus, in fact the bray unit with 10 wells, they alternate every other well between the upper and lower Marcellus. that unit is producing nearly 200 million a day.
we just slipped under $3 on the last checks, a little disappointing, but with the volumes produced, the money is still more than any one man should ever hope for....well almost ;-)
and dennis, any of us might not make it another 12 months, especially us old timers. i quit buying green bananas a long long time ago.
wj
"general consensus seems to be low demand" that is false. NGas use has hit new highs going back a few years now.
Short term Leidy, TGP in Bradford are SO over loaded, producers have to BID away take-away capacity
to be able to move tehegas, thus July thru Nov it has been 1-2$ under NYMEX vs 0.20. Gas in NC and NE PA is there,, not in Japan let alone NY city gate. google EIA natural gas major hubs they have maps and I think narrative descriptions. It is not the conpamy saying this or that it is the public mkt at that point, ,any other company that can use it from that point,, can but it..
Better news I see Thur's pice was 3.21 leidy vs 3.82 NHub,, less discount than even a few wks ago.
BELIEVE you me if they could get 4 they would be. There are 7 BCF new take out - Marcellus_ projects planned by 2016, some help on the way.
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