"Doesn't the Transco pipeline extend all the way to the new LNG port at the mouth of the Chesapeake in MD? Takeway doesn't have to extend to Louisiana to export any longer. Too, since most/all the old coal plants in PA have been replaced by…"
"Bear in mind that takeaway is fixed capacity, while a falloff/declining production from not drilling any new wells for several years suggests the Allegheny Connector up into Armstrong Co maybe has some headroom. EQT MidStream built or owned that…"
"Consol (precursor to CNX) bought into HBP production acreage and then entered into a JV with Noble for Shale drilling to the tune of a couple of billions in CapEx. That's when a bunch of their alleged HBP acreage shook out as $600M in defective…"
"I'm not an insider, but their play (CNX's) is Dry Utica and they've got an acreage position in all these counties. They proved up Westmoreland/Armstrong border with the most #1 and #2 most prolific wells (maybe anywhere in the World,…"
"CNX just released its 2nd Quarter results last week, with guidance for the rest of 2022 indicating they're going to lose $1.6B due to hedges. There's a tough row to hoe for some that were locked into longer term derivatives before they get…"
"What was the source of this?
The economics of Marcellus development have been improving with prices skyrocketing, but the strategic reasons could be as simple as there's been nobody drilling conventional wells to hold acreage by production, and…"
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 ]