Cold weather cannot budge natural gas price

It's already pretty cold outside.  And some of the coldest, most bitter, weather is anticipated later this week.  

Cold weather is in our future

But still, the price of our natural gas appears cemented below $3.00.  It's not budging!  We need help!

Rely on superfly Obama to be there for us.  He is campaigning vigorously against "global warming".  His efforts, if successful, will mitigate in favor of still colder weather.

Thank you Mr. President!!  Nobody should ever accuse Obama of opposing the natural gas industry or in-the-shale landowners.  He is the man!

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Permalink Reply by Dan Warner on February 15, 2015 at 3:53pm

Thanks for the link.

Here's another one from 'As the Weather Turns'

Earthquakes are in our future

Probably Obama's fault, too.

Permalink Reply by Frank Walker on February 16, 2015 at 1:36am

This morning, in Philly, they tied a cold temperature record (2 degrees) set back in 1888!

With President Obama's help, that old record will be eclipsed in the upcoming years.  Fight this global warming menace.  Fight hard.  Fight now.  Colder conditions are what everyone wants!  

Permalink Reply by Tim on February 16, 2015 at 5:43am

Have to work off some of the storage b/f pricing can begin marching higher.  This cold snap across 2/3rds of the country will def spike gas usage and we will see a large draw from stockpiles on the weekly report.

That will be good for a 6-8% move higher, off of the headline.  

Permalink Reply by Frank Walker on February 16, 2015 at 8:54am

Hope you're right.  Not seeing that NG price move yet.

Permalink Reply by Tim on February 16, 2015 at 9:19am

The weekly report comes out the end of the week, not the beginning.

That headline will be good for a bump.  

What's a concern is Williams CEO commentary that people are against pipelines on their property.  This may open some debate to yearly fee, vs the current onetime fee to landowners.  If we do not get more pipes in the ground, the new wells can't move the gas to the market.  

Permalink Reply by Frank Walker on February 16, 2015 at 10:20am

Have to say I'm with the landowners on that one.  A one-time fee is a joke.  Should be a yearly fee for us, with adjustments (say) every five years for inflation, higher taxes, and so forth.  All such costs, BTW, should be borne by the end users of our NG.  It's a great, very clean, source of energy.  People who want NG should pay for what they get.  And at under $3.00 they surely are not paying enough. 

Permalink Reply by Tim on February 16, 2015 at 11:25am

Hey, your land, you choose to play or not.  I don't have a problem with that.

The bigger issue is that if the industry can't get the infrastructure in the ground, than that huge neg differential in the region, will not ever go away.

 

Permalink Reply by Frank Walker on February 16, 2015 at 6:09pm

With you Anne.  Spot on.  You go, girl!!

One other thing:  They should pay the property tax on the land they use.  Forever!!

Permalink Reply by Frank Walker on February 16, 2015 at 6:14pm

Yet another polar vortex expected here Thursday.  Frigid temps forecast.

But no change in price.  NG should be heading for $5.00 with all this cold weather IMO.  'Snot gonna happen.

Permalink Reply by Janice L. Hancharick on February 17, 2015 at 9:28am

As the needed infrastructure growth progresses, we will see many more posts related to pipeline issues.  A balancing act is needed in the negotiations dept. whether pipelines, leases, whatever is being discussed.  One w/o the other is a non-happening.  Then whose Christmas looks brighter?

Regional issues can revolve around more than quality/quantity of O&G.  Near-by support services and infrastructure are a part of the play, but also one of the scariest issues for E&P companies is Title and Real Estate.  Private and County records are typically close to being "bare bones" or @ least conflicting in PA's rural areas.  Laying out millions then experiencing an "OOPS!" in ownership (whether private or a E&P company from 1800's) isn't a scenario any company wants.

I'm receiving numerous requests for pipeline leasing info lately, and am fine w/that.  It means regions are one step closer to achieving their leasing goals, and the public will have the nat gas needed to live comfortably through this "global warming" spell we're having (sub-zero here and I'm below the Mason-Dixon right now!), and through summers that pull on energy plants' capacity to keep us comfy then too.

Want access to Penn State's "Negotiating Pipeline Rights-of- Way in PA"? booklet?  Go to your nearest Extension Office (call first to see if it's in stock) or email extension.psu.edu/naturalgas


I think the $$$ mentioned need up-dating (HIGHER) but otherwise many fine details are included.

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