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 August 8, 2023 at 2:43pm

Business property defaults , 7 % mortgage rates  , high rents , student debt repayments soon and a host of other issues keep me cautious . One year T Bill  at 5.46 % pays the bills for now 

Permalink Reply by Ralph cramdon on August 9, 2023 at 12:48am

Euro gas up 16% today

Permalink Reply by farmgas on August 9, 2023 at 12:56am

What does "shoulder season" mean?  I have heard of the "injection season".

Permalink Reply by Ralph cramdon on August 9, 2023 at 2:49am

injection and shoulder are the same .. Gas is gaining ground as I watch from the sideline .. 

Permalink Reply by Ralph cramdon on August 10, 2023 at 7:39am

N gas down 6% today 

Permalink Reply by Ralph cramdon on August 15, 2023 at 3:05am

N gas causing whiplash among investors . Continue to sit this out . If I miss it so be it . Nasty Dow takes no prisoners 

Permalink Reply by farmgas on August 15, 2023 at 6:59am

Which market has grown the most over the past two years; the export market to service LNG needs or the domestic market for electricity generation or other USA needs?  will LNG continue to drive NG production?  Is more associated gas  being piped away from the oil fields in Texas.  What a wasted fuel sourceif it is still being flared off.

Permalink Reply by Ralph cramdon on August 15, 2023 at 10:34am

Without looking up the answer I woukd guess LNG to be the largest driver of demand and of course generation is important as well . LNG use is set to increase but I would expect production will keep up with demand . Flaring is now a minimal issue as texas and the feds have tightened the rules dramatically . .. Seems like the old oil plays in OH are getting some decent headlines lately .... 

Permalink Reply by Ralph cramdon on August 16, 2023 at 2:08am

AR investors better hope for a wet corn crop .. Propane Inventories 20% above 5 year average 

Permalink Reply by paleface on August 18, 2023 at 2:00am

Seneca is reclaiming pads in there Utica acreage and combining them in super pads with long laterals.

Permalink Reply by Ralph cramdon on August 18, 2023 at 4:37am

Thats good news for those landowners for a second wave of $$$$ . NFG saves  money by using current pipe systems  as drilling  technology is ever getting better. Had dinner last  night with a Geologist who helped develop the Eagle Ford play in Texas. . Nice evening 

Permalink Reply by paleface on August 19, 2023 at 5:30am

The gas industry is expecting a big come back in a year to year and a half there prepairing for it.If your not leased terms should get better than they are now.I wish I wasen't leased.

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