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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    farmgas

    It`s reported Chesapeake Energy has plans to continue drilling wells and keep them in their inventory for TIL as needed when prices increase.  This sounds like a good plan for them.  Can smaller gas companies do this and not get a quicker return on their investment?  Will Chesapeake Energy drill more wells in Northeast PA now?  

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    farmgas

    I was questioning how the State of Texas fuels their electricity for the grid.  Surely there are other uses then just LNG.  Sounds like a bottomless pit for this associated gas.  The more oil is produced the more gas is produced too. 

    It`s like natural gas produced from shallow wells here in PA that hasn`t been cleaned prior to distribution.  Gas exiting the well will contain water which causes corrosion and sand grit which causes abrasive wear.  In our camp house there are signs of corrosion on some metal light fixtures caused by burning gas from shallow wells on our property.

    So natural gas produced in Appalachia and consumed in Appalachia is priced as same as associated gas produce in the Permian gas fields.  Doesn`t seem right.

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    farmgas

    In Northwestern PA is the home of the oil industry started in the 1800`s.  These are conventional type wells although I`m not certain how deep they are drilled.  Do these wells produce associated gas too?  If so, are they having an impact on local gas prices?  Could this gas impact prices in Central PA?  Does Seneca Resources have oil wells near the Allegheny National Forest or near it?

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