Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"
I welcome all thoughts insights. Just be logical and kind..
Part of Trump's new 2025 agenda is to reopen drilling in the US, Hopefully activity will come back to our area in Ohio.
I was told and read that if activity would come back it would be in about two (2) years. Part of this would be due to financing,
acquiring investors, lining up drilling companies, vendors such as trucking, piping etc. Most of this was available to our
area years ago but now mostly non existent.
I figured that someone must have some insight as I have received (4) offers in the past 8 months to buy my property.
Before that all offers were for timber only.
Would like to hear from anyone who has an idea of what we may or may not see down the road for the Ashtabula area.
Thx
John W. Howard, CPL
My only concern is that we may create an oil glut, forcing prices down. The result would be a bunch of wells choked back or, more likely, becoming DUC's. Producers don't want to give away their product. Having said that, I am 100% behind Mr. Trump and his commitment to the industry
Dec 14, 2024
Guernsey 4Life
I suspect activity will continue around the same pace. Most of it is dictated by commodity prices so unless natural gas demand goes way up, I don't foresee a huge increase in activity. Every time development and production takes off in this region, things are down again in a few years because an oversupply was created. Catch 22.
A big part of the problem seems to be lack of infrastructure (pipelines) to get the products to market. Trump will try to loosen some regulations that might make production cheaper and pipeline development easier, perhaps LNG exports easier as well, but pipeline development is a long process, and that's ultimately how product in this area needs to get to larger markets (where it could also be worth more $).
Trump has to throw the oil and gas industry a bone after they supported him, but I don't think it's going to do a lot for landowners in the marcellus/utica, and he doesn't really care about the landowners anyway, just the companies with $$$. If you think that's wrong, what happened during his last administration? Not a heyday for o&g - much blame goes to covid for that one, but it wasn't like things were incredible for o&g before covid.
I would like to see activity increase - so I am not trying to be negative, just realistic. My 2c.
Jan 14
Guernsey 4Life
Feb 9