Utica boom bust / blew?

 So, whaddya thing? Is the Utica a bust? Over?

or just stalled for a few weeks, months, years, a decade?

Since it is looking a bit bust this week anyway,

your opinion and .25 will not get you a cup of coffee this time.

But it would make an interesting discussion.

Of course, we JUST HAD a bust, a couple years ago,

when gas went from $14 to $2/ MCF ( or dekatherm if you insist on calling it that.)

Of course, if our bet depends on peace in the middle east , it looks like we will do ok pretty soon again.

Anyones guess at this point... whats yours?

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Permalink Reply by alan coogan on April 19, 2015 at 3:15am

Shon--I count 4 "busts" since beginning in the business in  1959. The one in 1987 when price supports (FERC-NGPA) for natural gas dropped, it took more than a decade to "recover" and in that decade oil fell to about $10/bbl.

Shale gas was fun, wasn't it?

 

Permalink Reply by Shon Lenzo on April 19, 2015 at 3:39am

Hold on to your hat,

the Shale rollercoaster ride may have slowed but not be over yet

Permalink Reply by Shon Lenzo on April 19, 2015 at 3:40am

the 1987 bust killed my Dad's big expensive pipeyard project.

- he completely set up before the bottom dropped out of the market.

Not many people can stand to go through that twice,

or risk it again after one bust.....

It kind of kills your soul a little

Permalink Reply by Jack Muth on April 19, 2015 at 3:52am

There will be little or no activity until demand and prices go up.. Could be years...just too much gas available....

Permalink Reply by Shon Lenzo on April 19, 2015 at 3:54am

I am guestimating 18 months to 3 years

Permalink Reply by Mark Allen on April 21, 2015 at 6:43am

HOW ABOUT, NO BUST AT ALL, ONLY A DIP IN A CYCLE.

THIS IS THE BEST ROI OF ANY UNCONVENTIAL PLAY ON THE NORTH AMERICAN CONTINENT.

HOW MANY TIMES DO U ALL NEED HIT THE FACE?

PLAN FOR 2050, NOT FOR 2017...LOOK TO THE FUTURE OR GET LEFT BEHIND.

HISTORY HAS TAUGHT US MANY THINGS, BUT WE MUST LEARN FROM IT.

DO A GOOGLE SEARCH OF ''CARPET BAGGERS''

STAY POSITIVE STAY EDUCATED STAY TUNED TO OUR POSTS. 

Permalink Reply by Joseph-Ohio on April 21, 2015 at 6:54am
Sooner the better.

As pertaining to the Utica, thinking how far west of the Ohio River and/or the Ohio-Pennsylvania border may (should) have a significant impact on the time frame myself.

Thinking that a rebound of Oil prices would really help move things along.

Easterly Oil and Wet Gas / Condensate Windows sooner than further West (Oil only).

Just my guesses.

Good luck to all of us.
Permalink Reply by Shon Lenzo on April 19, 2015 at 3:55am

Proofit is what makes or breaks the bust/boom for sure.

"it will be years before the next boom, maybe not in our lifetime"

is what they said last bust, just maybe two years or three years ago too!!

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