Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 16, 2018 at 9:45

Yep.  And one additional but important difference between the US and just about everywhere else:  the government owns the minerals, not the land owners.  In the US many land owners put up with some inconvenience because they get paid.  If you own land in Europe, you get the inconveniences but no money.  So, the government can allow development and attempt to keep their political office in the face of massively pissed constituents, or they can cover their posteriors and just say no to E&P companies.  Seems like a pretty simple choice to me but I am just a lowly landman.

Rock Man, in France it would be interdit.  In Germany, verboten.  However we say it, it's a tough hill to climb.  Let's just let our European friends buy our LNG enough to keep Russia from turning the screws on them.

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Permalink Reply by Rock Man on November 16, 2018 at 9:54

I failed French - but liked German as my language requirement in college! LOL

US companies have bailed out of some areas around the Baltic Sea as their shale gas play efforts "failed". Part of this issue is "bad rock" - the other parts are bad economics and politics!

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Permalink Reply by dbob on November 19, 2018 at 7:24

Just adding to the thread.  This person seems to think we are exporting about 4.7 Bcf/day and will approach 9 Bcf/day next year.  That is essentially 5% of production today and 10% next year at this time.  Frankly, I can't believe we are holding above $4 right now.  

https://seekingalpha.com/article/4222900-weekly-natural-gas-storage...

Permalink Reply by William C. Morrison on November 26, 2018 at 11:28

It got cold in the eastern US and that drove up the price.  It will probably go back down and then up again when another cold snap comes through.  Gas consumption drives the price at the well head.

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