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Permalink Reply by JHH on July 9, 2014 at 1:02

Thanks.  would hate to see the price to go below $4.  But i suppose that's the way things work.  supply and demand.

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Permalink Reply by Skip Peel - Mineral Consultant on July 9, 2014 at 2:49

U.S. natural gas output setting records

June gas production up 5.4 percent year-on-year.

Read more: http://www.upi.com/Business_News/Energy-Resources/2014/07/08/US-nat...

 

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Permalink Reply by Skip Peel - Mineral Consultant on July 10, 2014 at 16:12

Cool! Weather Experts Say Polar Vortex Is Making a Comeback

Remember last winter's cold spot, which turned "polar vortex" into a phrase that sent chills through the spines of Americans east of the Mississippi River? It's baaaack ... but this time it's a cool wave sweeping away summer's heat. Morning temperatures could dip into the 50s for many Midwesterners next week, potentially setting seasonal records, according to The Weather Channel.

The Washington Post's Jason Samenow says the weather pattern bears a "haunting resemblance" to January's big freeze. The jet stream is dipping down farther south than usual over the eastern United States, just as it did back then. The cause? It's Typhoon Neoguri, thousands of miles to the west, according to the Weather Underground's Jeff Masters. That storm is sparking a chain reaction of weather shifts, including the Eastern cooldown as well as a strong ridge of high pressure over western North America. That means next week is going to be a hot one in the West.

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Permalink Reply by jffree1 on July 11, 2014 at 4:19

Now they're quibbling over the definition of "Polar Vortex" while most people only care about the results. No matter what you call it, temps will be much cooler for some next week.

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Permalink Reply by Skip Peel - Mineral Consultant on July 11, 2014 at 14:36

A forecast low of  66 degrees for the 16th. and a high of 78 degrees on the 17th. of July in Shreveport is way out of the ordinary not matter what we call it.  My friends living in the Ouachita Mountains will see lows in the 50's and highs in the mid 70's for three or four days in a row.  If it was a normal summer it could easily be 100 here and 96 up there.

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Permalink Reply by JHH on July 11, 2014 at 14:37

It will be amazing to feel those kind of temperatures for July in the South!

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Permalink Reply by Skip Peel - Mineral Consultant on July 11, 2014 at 14:40

Makes you wonder what the forecast is for those in North Carolina.  Or New England.  It may feel like fall on the upper eastern seaboard.

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Permalink Reply by Hopeful About Natural Gas on July 11, 2014 at 18:55

wasn't it down around $2 just back in 2012?

what are the bullish signs for natgas??

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Permalink Reply by Skip Peel - Mineral Consultant on July 12, 2014 at 1:13

Short term price swings are of little importance although the February spike has slightly inflated the monthly 2014 average.  I like this chart because I think that five years is sufficient to see how prices are trending.  I think the steady but modest increase will continue but the price needs to remain relatively stable for NG demand to continue to increase.  Historically the volatility of NG prices over relatively short time spans has caused many end users to shy away from aggressively committing to switch to it as a primary fuel source.

http://gsfi.net/common/NYMEXSettlementHistory.pdf

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Permalink Reply by Skip Peel - Mineral Consultant on July 15, 2014 at 14:54

Marcellus breaks production records – again

Booming Marcellus gas production has once again set new records for the Northwest and the nation.

Bloomberg reports that the region’s gross gas output will reach 15.235 billion cubic feet (bcf) per day this month, a 28% increase from last year, and hit 15.482 bcf/day by August. That’s 16% of national gas production, compared to 2% in 2008 when the shale boom began. Statistics were taken from a monthly Energy Information Administration report.

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Permalink Reply by Dion Warr, CPL on July 15, 2014 at 16:16

Skip:

So basically, virtually all material gains in the national year-over-year is from the Marcellus increase, which even made up for nominal decreases nationally. Wow.

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Permalink Reply by Skip Peel - Mineral Consultant on July 15, 2014 at 16:28

The Marcellus has better economics than I imagined in addition to a huge areal extent.  It is changing the paradigm of traditional regional nat gas markets.

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