Surging Natural Gas Prices

How are the surging natural gas prices affecting drilling this year, and what about going into 2022?  Are the gas companies taking advantage of these higher prices?  What`s next?

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Permalink Reply by Ralph cramdon on June 30, 2023 at 3:24am

Hard to get a pipe beyond OH , WV , PA .. Due to high energy prices , Euro manufacturing is being destroyed , look for some of those industries to relocate to the US , and US sourced N Gas . 

Permalink Reply by farmgas on July 9, 2023 at 1:11pm

Gas companies to report on Q2 reports later this month.   What can we expect from them?  Who is going to be surging ahead? 

Permalink Reply by Ralph cramdon on July 10, 2023 at 1:27am

Could be a difficult qtr for most outfits . I have built a full position in one Appalachian producer . It all depends where Gas prices are headed . Will it be a hot summer ? Will producers scale back production ? The gas rig count has been dropping which could bode well for the future . 

Permalink Reply by Ralph cramdon on July 11, 2023 at 4:53am

Judge shuts down MVP pipe 

Permalink Reply by farmgas on July 11, 2023 at 7:57am

Just another glitch to overcome??

Permalink Reply by Ralph cramdon on July 11, 2023 at 10:16am

Plenty of 'glitches " present opportunities if your timing is right .  

Permalink Reply by farmgas on July 16, 2023 at 5:37am

What is the next major pipeline in the planning stages to take gas away from western PA, Ohio or WV? 

Permalink Reply by Ralph cramdon on July 16, 2023 at 11:50pm

Considering what the MVP folks are going thru , NOBODY will be building any new pipes in the region for a long time . PS . Gas production was over 103 bcf yesterday .. very bearish 

Permalink Reply by farmgas on July 17, 2023 at 8:37am

I read today that Japan is advocating for a world natural gas reserve.  I suppose like is being done for oil in our country.  A strategic natural gas reserve.  Is this a feasible option for the United States to consider for domestic use?  It would be great if we just sold NG to someone else  somewhere in the world to store it.  How many countries actually store NG now.  Our storage is by private gas companies.  I assume elsewhere in the world the individual governments would store it. 

Permalink Reply by Ralph cramdon on July 17, 2023 at 12:42pm

The US is awash in gas just waiting to be  drilled sometime in the future .. Also they could prohibit LNG sales with the flick of a switch in an emergency . Where would a 'world reserve " be located ? With ever changing politics our friends today could become our adversaries in the future . 

Permalink Reply by farmgas on July 17, 2023 at 1:19pm

Do European countries store underground the LNG we sell to them now?  Not sure what the underground strata must be like to store natural gas.  A depleted gas field?

Permalink Reply by paleface on July 17, 2023 at 2:10pm

There is hundreds of wells temporally shut down for the month of May thats alot of people that won't be getting a royalty check this month.

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