In case no one has noticed NG prices have rocketed to over $9. With storage lagging, heat of summer coming, Europe in need of LNG due to war and policies, and a shaky US grid look for north of $10 soon. At least if you have Haynesville royalties you can afford to fill up your pick up truck or SUV with the current gasoline and diesel prices. They will probably hit $6/gallon nationwide and over $10 in California this summer. If you don’t have a standby generator, you may want to invest in one cause its coming.
I have thought about the possible need for a generator. I have a small portable one and a bigger one with wheels. Have never used either, bought them used. I don't know how to hook them up for anything other than just plugging them in, lol. Only thing that would matter to me would be frig, freezer and a window a/c. I doubt running the entire central air is possible! I need to research this before it happens.
Nat gas prices are awesome and I would only hope it sticks but who knows. I noticed just this morning that nat gas has TRIPLED in one year. A double was amazing, but triple? This LNG business sure has helped the Haynesville. I wish it didn't take so long to build those facilities.
I also note that the Haynesville rig count has climbed this year but they will need to drill like mad to drill up the Haynesville/Bossier in 20-30 years. And once they drill them, hope they can get pipe and such to complete them!
I bought a whole house NG generator after the Houston Ice/Snow Storm two years ago. Can I justify it? No. Did I want it? Yes. Peace of mind is hard to put a value on. I hope all HA royalty owners sock this away because once the tide turns the presently handcuffed companies may actually start drilling again. And that will put pressure on prices.
I'm including a natural gas fired emergency generator when I remodel. It's not just the run of the mill occasional power outages, it's the prospect of higher summer temps and named Gulf storms that never made it to NW LA but do now. A number of NW LA home owners found out the hard way that their home owners insurance policies don't cover damage from "named storms".
I've suggest to elected officials in New Orleans that a program to provide emergency generation to critical infrastructure would be a good short term investment. A NG generator for neighborhood grocery stores, fire stations, schools and cell towers would make prolonged outages easier to take. I also suggested that the legislature should consider tax incentives for residential emergency generators and other common sense uses for natural gas (CNG) such as municipal transportation and trash collection. The state should incentivize the use of natural gas while instituting regulations that reduce fugitive methane emissions. We can do both.
Good plan. Here in The Woodlands, the traffic lights in major intersections have their own dedicated NG generator. I have a liquid cooled Generac and I love it.
Thanks. As the impact of climate events begin to be a regular concern of all Louisiana residents, regardless of where they live, natural gas will be a life saver in many ways. It's use should be incentivized but only with recognition that fugitive emissions lessen the benefits of natural gas. There will always be some emissions, we just need a significant reduction across the production, transportation and end use of natural gas. This is technically feasible now and the cost is relatively moderate when the consideration of saved molecules is taken into account.
Love the gas prices and the whole home generators! Ive got two of them!!!
LOL! Good for you, OLDDOG.
I have two small portable Generators... provides enough for running my Pilot light controls on the Water Heater and Furnace (NG), Refrigerators, Freezers, Ring system and Motion Lights (LED)
All of my basic requirements of life
I think that your investment should qualify for a tax deduction in states that prioritize responsible natural gas usage.
Here in Houston, during hurricane events, the only thing more scarce than toilet paper is gasoline so I went with a whole house unit. It runs everything and I don't have to go looking for gasoline. It was expensive, but I wanted it. This summer I bet it kicks on at least several times as Entergy admits they are running on the edge of their grid.
One of my Generators is NG and the other is Gasoline... neither qualified for a Tax Credit... I prioritized what I need power for as I don't want to loose all of the Game and Fish I have in my Freezer, like a Hot Shower, Cold Beer and a Security Zone around my Property to assure that it all stays mine!
I grew up as a West Coast Hills Country Boy... and as the song goes, "a Country Boy will survive"... which makes me an 'unusual" individual out here on the West Coast according to many out here.
Natural gas infrastructure, largely underground, is resilient when it comes to wind, flood and fire making it the best form of emergency power. Also no need to keep cans of gasoline on hand or worry about your local service station running out. I was in downtown Houston meeting with Citi Group during the major storm a few years back. Getting on the freeway to get out of town was a chore but within a few miles traffic thinned out noticeably. We found that curious until we noticed that all the service stations viewable from the interstate had long lines of cars queued up to get gas.