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 February 1, 2024 at 2:29am

After a 20 % bulge , propane inventories have gone down significantly, and are now close to 5 year averages .  

Permalink Reply by farmgas on February 3, 2024 at 3:48am

Wouldn`t this reflect colder winter temperatures for heating?

Permalink Reply by Ralph cramdon on February 4, 2024 at 4:40am

The Midwest , rural sections use a lot of propane for heat , also for corn drying ... The last cold front seemed to settle in on that region . 

Permalink Reply by farmgas on February 4, 2024 at 7:14am

Natural gas access, as once was electricity, is a big problem for rural folks.  Propane is the primary source for heat & cooking.  This is one reason why old shallow gas wells are so important to many rural families.

Permalink Reply by Ralph cramdon on February 5, 2024 at 1:00am

Good point on those shallow wells ... 

 Heavily populated Long Island has only 50 % gas availability , the rest heat with Oil .... 

 Why only 50% ? ... ... You can thank the politicians .... 

 Some do use propane for cooking and they all BBQ with propane .... 

 Down here in SW Florida , seems like there is a gazillion outdoor food joints and most of them have those pretty propane heaters table side .... 

Permalink Reply by paleface on February 5, 2024 at 6:08am

Ralph, you're making me hungry.

Permalink Reply by Ralph cramdon on February 5, 2024 at 1:41pm

Paleface , possibly one of the best steaks on the East Coast . A Supermarket called Seed to Table ... You go to the Butcher pick out your steak , tell the lady at the kiosk how you want it done .. Find a table and they cook it and bring it to you .. Get the 2 inch thick Cowboy  or Porterhouse steak ... My Wall Street guys tell me thats its as good as any pricey steak in Manhattan ... 

Permalink Reply by paleface on February 5, 2024 at 5:20pm

I'm going steak shopping tomorrow.

Permalink Reply by paleface on February 6, 2024 at 5:01am

So I guess the food doesn't have the air pollution flavoring enhancement. That you get in Manhatton.

Permalink Reply by Ralph cramdon on February 6, 2024 at 6:20am

Growing up in the Streets of NYC , I only get there now for my fix of Korean food [ no I am not Korean } , and to visit two of my young  adult Kids , one in the upper west side and one in Brooklyn ... 

 My Brooklyn guy is ready to move out and get a house with a bit of land ... My Daughter thinks she's a 'cool' NYC 'chick" .... 

 Get to the Garden to catch a Villanova Basketball game once in awhile .... 

 Given a choice between NYC or Tioga PA , I would choose Tioga in a heartbeat .... 

Permalink Reply by paleface on February 6, 2024 at 6:06pm

Ralph you would save a pile of money with the tax difference, I live in Montgomery County its hammering me with tax's Montgomery CO. says capital gains is earned income.

Permalink Reply by Ralph cramdon on February 7, 2024 at 1:43am

Paleface , We are strongly considering becoming Fla residents , while keeping the NY home and various business interests up there ..... Tax savings alone make it a very worthy consideration ... NY taxes and regulations are slowly crippling growth , innovation , while SW Fla is booming ... 

 Getting back to Energy .... Coal stocks have been whacked this week and N Gas kissed $1.99 last night .... Forward futures not looking too promising ...  

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