This is a tad dated but very enlightening. Because it cites Baker Hughes data, I'm just wondering whether that impressive graph remains accurate. I'm not an insider, so I'll ask the GHS insiders.
http://blogs.wsj.com/economics/2011/08/27/number-of-the-week-how-ma...
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Sesport, please see the attached graph.
Jay, several natural gas plays still provide excellent returns due to associated condensate and natural gas liquids. Examples include the Eagle Ford Shale, Marcellus Shale, Granite Wash and Woodford/Cana Shale. Some dry gas drilling is still economic due to the enhanced natural gas prices from hedging activities.
Jay, many of the rigs on the associated plays I mentioned are drilling for natural gas and classfied as gas rigs.
Hedging helps generate additional revenue and profits for the operator on wells being currently drilled.
The above two reasons simply show why current natural gas drilling can still be economic.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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