"I have not looked at CNX Utica in a long time .. Marcellus seems to be more economic . I expect more Utica activity after Tier 1 Marcellus is used up .
I expect CNX to merge / sell out within the next year , much like COG did . "
" paleface 21 hours ago wrote
t"here is collage age kids sneaking around with methane testers checking the plumbing around wells for leaks.". The Energy sector is under ever increasing attack ... .......As I drive by and in…"
"Nancy , this issue too is well past my 'pay grade ' ... NY once told me that the 'current' landowner is responsible for cleanup if the old operator cannot be found or went under .... But as we have discussed before , what…"
"Excellent point Paleface , cementing an old gas well can get costly .... There is something in the newly passed Biden Inflation / Green Energy Bill that provides $$$$ for closure of old producing wells ... I do not know the details…"
"No reply button on you last post Farmgas ... If memory serves me ,,, Jan Future price as of yesterday was $9.30 .... Then drop to the mid 4's by late spring ..... Many things are unknown ,,, This winters weather ? Politics ? Hurricanes in…"
"Many gassers now need $3 or better to break even as inflation is causing higher production costs ... Gas is priced close to $9 this morning , WOW ..... CHK went ex dividend today with a yield in the 10% range .... Debt is aggressively lower in…"
"Interesting discussion , I would guess the hedge is formed at Henry Hub , How it affects Individual Royalty Holders is a very good question ..... As a 21 year full time energy Investor , sites like this help me learn about the Industry , inch by…"
"That someone declaring tier 1 lands is the Company's Engineering Dept or a Engineer hired by the Producer ... Tier 1 is an opinion based cost of drilling the well vs the expected production / revenue of the well ... Companies love…"
"Many Gassers are required to hedge due to terms of their Bank Loans ..... CNX had a big hoopla when they almost fully hedged production for several years forward ,,, they touted their free cash flow locked in for years ...... Good plan but boring to…"
Maybe I mistook Granddad as you. I am still trying to re-read to understand who is who. The father reigned NY for decades, now we are under the diaper. I could not allow myself to use the word “served”, as we were not served; but rather reigned.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]