This morning's price for Nat'l Gas is $3.50, What are the drilling companies getting for WET GAS??
Arnold
Tags:
"Wet Gas" is a bit of an illusive term.
Wet Gas is a mix of Natural Gas (aka Methane/Dry Gas), Natural Gas Liquids and (perhaps) Condensates and perhaps some Oil.
What "Wet Gas" is worth is dependent upon the exact composition of the particular "Wet Gas".
Some "Wet Gas" is "wetter" or "dryer" than other "Wet Gas".
What a particular "Wet Gas" is worth would be a function of the relative percentages of its components:
% of Methane,
% of Ethane,
% of Butane,
% of Propane,
% of Condensate and
% of Oil.
If you know, the exact composition, you can calculate a value.
Not knowning the exact composition, the value might be somewhere within a rather wide range of values.
An excess of NGLs in the Marcellus/Utica have greatly depressed the current values of those commodities that make up the NGLs (just as the excess Dry Gas has greatly depressed the value of that commodity).
To compound confusion, the price that all realize vary on a "mintute by minute" basis.
Dry Gas, perhaps $3/mcf.
NGL's, perhaps $25/bbl,
Condensate, perhaps $60/bbl,
Oil, perhaps $90/bbl.
All IMHO,
JS
JS, Can you put dry gas in a per bbl amount so we can compare dry gas with the others compontants?
Thanks gentleman for the info. I have interest in a well that is now on line in Doddridge County WV and I have been told that it is wet gas. I have not received my first check as yet so really am curious.
Arnold
If I might ask, who is the Operator?
Some companies have become very agressive in applying (questionable?) deductions ... in a manner that greatly reduces royalties.
It is my understanding that Chesapeake (CHK) and Consol (CNX) are leaders in this regard.
Perhaps you can soon give us an idea of what your Wet Gas realizes in $/bbl for the liquids and perhaps you can tell us what percentage of the payment is for the NGLs. The absolute amount you receive is NONE of our business ... but percentages and price realized as $/bbl for the liquids would be of general interest.
Good luck,
All IMHO,
JS
some people had posted back in August about there royalties in the carroll county forum about NGL's. A person on there said they got paid $1.14 a gallon for NGL's which would be like $47.88 a barrel. This person was leased through Chesapeake with a gross lease and royalty of 17.5%.
Arnold, Where is this well located in Doddridge County? Thanks
The well is in Grant District, Doddridge County WV, Antero Resources is the Company. Several more wells have been permitted in Doddridge as of late. Middle Island Creek is very active,as well as New Milton District.
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat 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 ] |
Links |
Copyright © 2017 GoMarcellusShale.com