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Production is slowing at current prices and rig counts are falling, while demand is surging as electric utilities switch to natgas from coal, said Shawn Hackett, president of Hackett Financial Advisors in Boynton Beach, Fla. In addition, trucks are converting from running on diesel to natgas to take advantage of the low prices, he said.
"My expectation is that the bear market is over and that a bull market will begin starting in the fall," Hackett said. He believes natgas bottomed in April at $1.97 per million BTUs and will consolidate sideways for several months and then break out.
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Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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