"CNX had a lot of production hedged , drilled some Marcellus , zippo Utica .. Unimpressed .. Differentials not too good either .....
EQT got a butt whupping today on big losses due to hedging , also provided info on 2022 hedges , markets very…"
"You are correct Farmgas ... in a environment of lowering gas prices hedges may be very helpful to profits , conversely ,, rising gas prices may hurt profits if the spot price goes above the hedged price ... NGL is harder to hedge , and usually…"
"RRC blew it big time when they payed way too much from Memorial 's 'deep pink ' in LA .... Deep Pink turned out to be very limited in size , RRC took on huge debt .. and recently sold it of for pennies on the dollar ....…"
"COG has encouraged power plant deals in its region ..... Gas companies I would think would be reluctant to actually own power plants , as it takes away its focus on drilling ......... NFG has been under pressure over the years to sell its…"
"CNX share price has lagged due to lack of future Marcellus well sites ... Most think CNX has less than 10 years of tier 1 Marcellus left ... NFG / Seneca has tier 2 Marcellus , therefore it is developing its Utica ..... Last I looked NFG Utica …"
"Wet gas is valuable if it has a decent amount of propane or butane , ethane not as attractive ......
Ohio Utica and Utica in general is fairly more expensive to drill , the Pittsburgh region look to be the Utica hotspot , with some…"
"CHK also has to hold back production in NE PA ... Lack of pipes .... They compete with others for available capacity and the end result is LOWER prices for their gas along with Cabot and others .... This situation hurts the shareholders , the…"
"The lack of pipelines has crushed investors in Cabot ... COG has the lowest cost gas in the Nation yet its share price is down in the dumps .... The Market likes growth , dislikes status quo ... COG cannot grow due to politicians fighting any…"
"Cabot is merging with a Permian player XEC ... Although Cabot has the lowest cost of production in the US , Cabot has gotten Zero 'love' from Investors ..... Lack of future growth due to lack of pipeline availability and limited tier 1 […"
"Farmgas , talk about 'frustration ' ?? I own 4 parcels that might never get a look thanks to our Gov in NY .... Closest to Tioga is a parcel in Lindley , 1/2 mile away from a big gas transmission line .... Another parcel is a mile…"
"The mandate in the Energy sector is Free Cash Flow ..... The age of ten to twenty percent production growth while taking on additional debt is over ....
Most producers will show restraint and take their current windfall profits 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 ]