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 farmgas on November 13, 2023 at 6:40pm

In my view, it`s good that supply from so many wells has increased.  From "a waiting a long time land owner for gas royalties", I think opening those valves means quicker well decline, and thus more wells to be drilled to catch-up.  Might be a simplistic view point but it makes sense to me.

Permalink Reply by Ralph cramdon on November 14, 2023 at 9:13am

Farmgas , I like your optimism ! I sincerely hope your gas royalty  dreams come true .. Permian is getting gassier all the time , old wells produce a lot less oil and the gas ratio increases .. Also as Tier #1 in Permian gets developed the gassier sections are slowly coming into play ... Much Permian gas gets to the WAHA hub where prices often get in the $1 range due to excess gas .. Appalachia is somewhat constrianed by pipeline issues .. Haynesville basically needs $3 gas to keep them happy . HAynesville valves have probably opened as of late ... Anadarko as well is a more expensive play .. 

Permalink Reply by Ralph cramdon on November 16, 2023 at 12:12pm

Hey Farmgas , your Diversified Energy is looking to be listed on the NYSE 

Permalink Reply by farmgas on November 16, 2023 at 12:19pm

I saw that today.  Onward & upward for them.  Just wish their royalty gas price would go up too.

Permalink Reply by Ralph cramdon on November 16, 2023 at 12:40pm

Tough gas market today

Permalink Reply by Ralph cramdon on November 17, 2023 at 9:08am

Reverse split coming [ usually drifts lower after split ] , High debt to asset ratio ... The entry into the NYSE seems like a way to raise $$$$ ... Dividend rate at this level hardly ever is sustainable... I will watch from the sidelines  

Permalink Reply by farmgas on November 19, 2023 at 2:09pm

Gas prices tumbling again

Permalink Reply by Ralph cramdon on November 20, 2023 at 6:45am

Late Nov and a sub $3 price , while production surges .. Haynesville valves have opened 

Permalink Reply by farmgas on November 20, 2023 at 6:40pm

What well conditions do gas companies consider to plug an old conventional well?  I realize production is a important factor but at what level do they pull the plug and end the well life?  They might loose the lease if they plug the well, right?

Permalink Reply by Ralph cramdon on November 21, 2023 at 6:47am

Probably get a Lawyer to look at your lease agreement .. Laws vary from State to State , definitions vary as well . " Productive ' is a word with many interpretations ..Sadly , Lawyers are a necessary 'evil' in todays world ..   

Permalink Reply by crazy cat woman-+ on November 21, 2023 at 8:27am

My royalties have been dropping  lower and lower month after month with Eqt.Is it the company or is everyone else going through the same thing? And-is there any explanation for these low royalties ?

Permalink Reply by Ralph cramdon on November 22, 2023 at 6:48pm

Lower prices from last winter 

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