farmgas
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Accounting Impairment

Started this discussion. Last reply by Bullfrex Feb 4. 7 Replies

Recently we have seen where several local gas companies namely EQT & CNX Resources use an accounting impairment for their Q4 2019 balance sheets.   This impairment was issued for non-productive…Continue

Olympus Energy formally H&H Energy

Started Jan 10 0 Replies

Anyone have experience with working with Olympus Energy, ie., leasing, pads & wells on your property or in a production unit?   How are they to work with from land agents to other company…Continue

What will the gas industry look like in 2020 and beyond?

Started this discussion. Last reply by Gail Powers Nov 2, 2019. 24 Replies

Will there be another boom for the gas industry and what will it look like?   Who will the gas company survivors be?   Will Range Resources, CNX Resources, EQT and others still be like what we know…Continue

Gas Industry Downsizing

Started this discussion. Last reply by Jim Litwinowicz Aug 27, 2019. 8 Replies

CNX Resources just laid off 14% of their work force.   Is this going to be the trend for the next year or two with all the gas companies?   Will gas companies out source more of their worker needs? …Continue

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Latest Activity

Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"farmgas, this might be just an internal maneuver to defer tax obligations. In the long run, it doesn't seem to be a healthy practice, more of a 'keep the place running' strategy. I would think they certainly could do it again, but…"
Feb 4
farmgas replied to farmgas's discussion 'Accounting Impairment'
"Thanks Bullfrex,  I`m just trying to wrap my head around this accounting maneuver and it`s impact to the gas company.  I guess I`m thinking the impairment charge needs to be reversed to satisfy the IRS someday, and at what…"
Feb 3
Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"I would not think 'dead' would be an apt description, but certainly worth less after the impairment charge. Carrying these less valuable assets does not mean they need to be sold off, as we know a real $$ loss only will happen once the…"
Feb 3
farmgas replied to farmgas's discussion 'Accounting Impairment'
"Does imposing the impairment charge mean those assets are dead now?  Will the gas companies have no other choice but to sell-off  those leases?"
Feb 3
Dan replied to farmgas's discussion 'Accounting Impairment'
"EQT is looking to sell a % of future royalties to cover 1/5 of their debt.  If these companies can’t generate enough to cover expenses and upcoming debt payments they have to sell something.  Hopefully companies don’t have to…"
Feb 2
farmgas replied to farmgas's discussion 'Accounting Impairment'
"Do the E&P companies have to cover that impairment charge at a later date to make it even, so to speak.  In other words, do those impaired asset`s have to earn future value to match the impairment?  If so, doesn`t that create a…"
Feb 2
Bullfrex replied to farmgas's discussion 'Accounting Impairment'
"First, a disclaimer...I am not an accountant. Having cleared that up, it has been explained to me that E&P's will 'devalue' the asset on their balance sheets and P&L statements, most likely to gain a tax advantage. It was…"
Feb 2
farmgas posted a discussion

Accounting Impairment

Recently we have seen where several local gas companies namely EQT & CNX Resources use an accounting impairment for their Q4 2019 balance sheets.   This impairment was issued for non-productive assets as I understand it.  What exactly does this mean, how does it impact the balance sheet and what does it mean for the future value of those impairment assets?  See More
Jan 31
farmgas replied to NC6648's discussion 'Old CNX Gas Leases expiring, EQT and Blue Fossil Energy (Wayne Twp, Greene Co, PA)'
"According to a quick review of marcellusgas.org,  CNX doesn`t have any current pads or wells in Wayne Township.  Rice, now EQT, does however have several pads in place.  This looks like EQT territory."
Jan 29
farmgas posted a discussion

Olympus Energy formally H&H Energy

Anyone have experience with working with Olympus Energy, ie., leasing, pads & wells on your property or in a production unit?   How are they to work with from land agents to other company personnel?   They seem to be most active in counties east of Pittsburgh.   Will they become one of the major gas companies in Western PA?See More
Jan 10
farmgas replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'
"How do the other major gas companies match-up to EQT such as Range Resources & CNX Gas?  Do landowners have these similar problems working with them?  "
Jan 1
farmgas replied to Bill Simpson's discussion 'Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits'
"Ralph - I think as OT recently said, the E&P`s will only be doing maintenance budgeting for new production.   In other words, only drill as needed to sustain their budgets.   Does this mean no more over producing waiting for…"
Dec 22, 2019
farmgas replied to Bill Simpson's discussion 'Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits'
"Brent - How do you see decade #2 of the shale boom?   How will E&P`s survive and who are the likely ones?"
Dec 21, 2019
farmgas replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'
"How do hedged prices gas companies negotiate with gas users impact what they pay for royalties?   I believe hedged prices are much higher then what has been quoted here.   "
Dec 20, 2019
farmgas replied to Keith Mauck (Site Publisher)'s discussion 'New Forum Rule - Replies must be on topic'
"Thank you, Keith.   I`m certain there are other long time members like myself who have enjoyed being a part of your blog site by sharing & learning what was happening in the NG industry.   As a landowner,  I learned…"
Dec 19, 2019
farmgas replied to Bill Simpson's discussion 'Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits'
"I think EQT will emerge from this downturn in good shape.   How about CNX Gas?   Do they have the financial strength to survive too?"
Dec 15, 2019

Profile Information

Introduce Yourself
Wanting to be informed about prospects for drilling in my area.
What is your role?
Landowner
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus, Utica

Farmgas's Blog

Where do we go from here??

Posted on September 25, 2018 at 5:06pm 1 Comment

Has the natural gas industry peaked or is it just holding until conditions change?  What are those conditions that can surge the industry again?  Are we just at a point where the initial positioning for market share, core area location and infrastructure availability has stabilized the industry for a slow but steady future approach for development?  There just doesn`t seem to be big news anymore!  When might we see another surge or maybe not?

Where do we go from here?

Posted on September 25, 2018 at 8:57am 0 Comments

Has the natural gas industry peaked or is it just holding until conditions change?   What are those conditions that can surge this industry again?  Are we just at a point where the initial positioning for market share, core area location and infrastructure availability has stabilized the industry for a slow but steady approach for further development?   There just doesn`t seem to be big news anymore!   When might we see another surge or maybe not?

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At 7:10pm on March 6, 2014, lettijack said…
I may have assumed wrong then?? Well we can still share information pertaining to consols operations and plans I guess.
At 6:07pm on March 6, 2014, lettijack said…

farmgas,

I'm still in negotiations mode so i try to say the minimum on the open discussion pages incase any consol Landmen are active on GMS.  

I did see they permitted some wells in Indiana county last year and i bet those wells are within a stone's throw of the TL-474 Transmission line.  if you want to keep tabs on the wells around beaver run check out MAWC.com and then click on the marcellus tab.

Do you know the terms of any gas leases they have signed around you?

 
 
 

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