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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Replies to This Discussion
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Permalink Reply by farmgas on
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What provides for these high numbers? Is it drilling & completion techniques or the quality of the rock where the Utica gas is found? How do the EURs compare to the Utica wells found in the western part of PA? Which wells ie., Marcellus or Utica, have a longer time period before declining? Does this contribute to which one is drilled?
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Permalink Reply by paleface on
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These are good numbers for Tioga county.Shell drilled wells would start declining after 4 months Seneca pays close attention to the wells once there in production.
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Permalink Reply by Ralph cramdon on
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Technology continues to improve
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Permalink Reply by farmgas on
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This realization makes the long wait bearable. Hopefully I live long enough to enjoy it.
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Diversified share price is half of what it was a few months ago .....
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Permalink Reply by Darrell Weaver on
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Paleface
Why do you say that, because of the improvment in technology...?
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Permalink Reply by farmgas on
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Many of us need Diversified Energy to be a viable & strong gas company. Gas royalties from shallow gas wells is an important income stream for many folks in rural America.
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As I have mentioned before I have sat on Board meetings of Carbon Natural Resources in NYC , which DEC bought out ...
Those shallow wells are a tough Business , with all the abandonment charges and pipe maintenance ... Carbon Natural was financially backed by Folks who knew the Industry in Appalachia and Permian , I was surprised when they threw in the towel , but they cut their losses and moved on ....
I truly hope those shallow wells keep supporting folks in your region , as I am always in the mindset that I want everyone to succeed ....
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Permalink Reply by farmgas on
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With the exception of current weather conditions in Western US, will cold & snow become a lessor factor now for natural gas consumption & pricing? Is more natural gas used for heating or cooling? Spring isn`t here yet.
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"Shoulder " season is almost here ,,, Gas Inventories rebuild ..
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