US Natural Gas Production Decline Continues (3/29/13) - GoHaynesvilleShale.com2024-03-28T19:00:49Zhttps://gohaynesvilleshale.com/forum/topics/us-natural-gas-production-decline-continues-3-29-13?feed=yes&xn_auth=noLes B... that's OK. i take e…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28995832013-04-02T18:44:06.110ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>Les B... that's OK. i take everything in... listen to all that's said and try and read as much as i can. Hopefully... one day... it will all make sense.</p>
<p>Les B... that's OK. i take everything in... listen to all that's said and try and read as much as i can. Hopefully... one day... it will all make sense.</p> IMO, just too many assumption…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28993592013-04-02T16:14:23.099ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>IMO, just too many assumptions over too long a period of time. The future will bring greater competition for global LNG export. Japan will get as much if not more of it's LNG from Australia and the Middle East. F&D and transport costs will shape markets.</p>
<p>IMO, just too many assumptions over too long a period of time. The future will bring greater competition for global LNG export. Japan will get as much if not more of it's LNG from Australia and the Middle East. F&D and transport costs will shape markets.</p> I know you all have said LNG…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28989542013-04-02T14:51:43.147Zadubuhttps://gohaynesvilleshale.com/profile/adubu
<p><strong>I know you all have said LNG Export will have minimal effect on Demand and prices, but I can not help to think by 2020 the USA will export 10+ Bcfd which is 15% of present production and even if this does not have major effect on prices it will because the USA production increases to 85 Bcfd which has to help with more drilling and to some degree return activity to Dry Gas fields like HA, etc. The Japanese have invested in Barnet and other Nat Gas plays because they need Nat Gas so…</strong></p>
<p><strong>I know you all have said LNG Export will have minimal effect on Demand and prices, but I can not help to think by 2020 the USA will export 10+ Bcfd which is 15% of present production and even if this does not have major effect on prices it will because the USA production increases to 85 Bcfd which has to help with more drilling and to some degree return activity to Dry Gas fields like HA, etc. The Japanese have invested in Barnet and other Nat Gas plays because they need Nat Gas so only way to get it to Japan is via LNG--- What effect this will have on Nat Gas prices I do Not Know , but sure will not hurt it-- Yes there is lots of production World Wide coming on line in near future.Cheniere Energy </strong>(<a rel="nofollow" href="http://wallstcheatsheet.com/stock-research/company?qs=LNG" target="_blank">AMEX:LNG</a>) <a rel="nofollow" href="http://wallstcheatsheet.com/stocks/cheniere-energy-paves-way-for-u-s-natural-gas-exports.html/?ref=YF#" id="itxthook0" class="itxtnewhook itxthook" name="itxthook0"><span id="itxthook0p" class="itxtrst itxtrstspan itxtnowrap"><span id="itxthook0w" class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan">stock</span><img class="itxtrst itxtrstimg itxthookicon" id="itxthook0icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" name="itxthook0icon"/></span></a> climbed as much as 2.4 percent in pre-market trading on Monday before it simmered down to more modest gains around 1.55 percent by mid-morning. The buzz is that <strong>Centrica </strong>(CPYYF.PK), a British multinational utility company, has <a rel="nofollow" href="http://www.centrica.co.uk/index.asp?pageid=1041&newsid=2693">entered into an agreement</a> to purchase 1.75 million metric tons of liquefied natural gas per year for 20 years, with the option for a 10-year extension.</p>
<p>The agreement states that Centrica will purchase the gas at a price indexed to the Henry Hub price plus a fixed component. Centrica will export the gas from the Sabine Pass liquefaction plant in Louisiana. The deal is predicated on Cheniere receiving regulatory approval and financing to compete work on the fifth LNG train at the plant.</p>
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<p>The news, while a significant development for Cheniere, is evidence of North America’s changing role in the global energy market. U.K. Secretary of State for Energy and Climate Change Ed Davey commented about the deal: “Security of UK energy supply lies in diversity so I am pleased that Centrica has announced today that it has secured a long-term North American liquefied natural gas export contract with Cheniere Energy Partners. The UK already receives gas from a range of countries and we can now add the US to Norway, the <a rel="nofollow" href="http://wallstcheatsheet.com/stocks/cheniere-energy-paves-way-for-u-s-natural-gas-exports.html/?ref=YF#" id="itxthook1" class="itxtnewhook itxthook" name="itxthook1"><span id="itxthook1p" class="itxtrst itxtrstspan itxtnowrap"><span id="itxthook1w" class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan">Netherlands</span><img class="itxtrst itxtrstimg itxthookicon" id="itxthook1icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" name="itxthook1icon"/></span></a> and Qatar as sources of supply” Cheniere has now booked almost all expected LNG Capacity with long term contracts</p> Northern East Texas Haynesvil…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28991982013-04-02T14:34:54.016Ztchttps://gohaynesvilleshale.com/profile/tc
<p>Northern East Texas Haynesville outlook not good. GMXR with acreage in Harrison county just went BK and Goodrich which for years listed their Beckville/Minden (Rusk/Panola) fields as Haynesville acreage now calls the acreage Cotton Valley (Taylor Sand). The Haynesville is now shrinking, of course $10 NG would change all that.</p>
<p>Northern East Texas Haynesville outlook not good. GMXR with acreage in Harrison county just went BK and Goodrich which for years listed their Beckville/Minden (Rusk/Panola) fields as Haynesville acreage now calls the acreage Cotton Valley (Taylor Sand). The Haynesville is now shrinking, of course $10 NG would change all that.</p> JHH, three primary reasons:
1…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28991082013-04-02T14:28:43.229ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
<p>JHH, three primary reasons:</p>
<p>1) Lower overall rig count meaning less wells being drilled</p>
<p>2) Shift from dry gas drilling to oil/wet gas drilling since those type wells produce less natural gas per well</p>
<p>3) Delays in completion/production from new wells waiting on infastructure (gas plants, gas pipelines, oil pipelines, etc)</p>
<p> </p>
<p>Unfortunately, no insights into the Haynesville.</p>
<p> </p>
<p>JHH, three primary reasons:</p>
<p>1) Lower overall rig count meaning less wells being drilled</p>
<p>2) Shift from dry gas drilling to oil/wet gas drilling since those type wells produce less natural gas per well</p>
<p>3) Delays in completion/production from new wells waiting on infastructure (gas plants, gas pipelines, oil pipelines, etc)</p>
<p> </p>
<p>Unfortunately, no insights into the Haynesville.</p>
<p> </p> YAY! TOO. We have been wonde…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28990262013-04-02T14:20:25.311Zkittycatmamahttps://gohaynesvilleshale.com/profile/kittycatmama532
<p>YAY! TOO. We have been wondering where you were, Les B. Glad to see you back</p>
<p> </p>
<p>YAY! TOO. We have been wondering where you were, Les B. Glad to see you back</p>
<p> </p> Les B: If you had to pinpoin…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28989462013-04-02T14:09:09.906ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>Les B: If you had to pinpoint the reason for the natural gas production decline... how would you rate the top reasons. Fewer wells... high decline rates... producers choking back flow or shut-ins... or maybe something else? i kind of figure all of the above... but what is the primary reason why we see lower production. and... if you have any insights on The Haynesville... East Texas counties adjacent to Caddo and DeSoto thanks, jhh</p>
<p> </p>
<p>Les B: If you had to pinpoint the reason for the natural gas production decline... how would you rate the top reasons. Fewer wells... high decline rates... producers choking back flow or shut-ins... or maybe something else? i kind of figure all of the above... but what is the primary reason why we see lower production. and... if you have any insights on The Haynesville... East Texas counties adjacent to Caddo and DeSoto thanks, jhh</p>
<p> </p> Skip, basically plays like th…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28991892013-04-02T14:05:46.555ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
<p>Skip, basically plays like the Utica Shale, Eagle Ford Shale, etc can survive at very low natural gas prices due to the condensate/oil and NGL revenue. That is the reason for the limited number of rigs working in the dr gas plays. It is still unclear what price level is necessary to sustain prduction and/or trigger additional dry gas drilling activity. </p>
<p>Skip, basically plays like the Utica Shale, Eagle Ford Shale, etc can survive at very low natural gas prices due to the condensate/oil and NGL revenue. That is the reason for the limited number of rigs working in the dr gas plays. It is still unclear what price level is necessary to sustain prduction and/or trigger additional dry gas drilling activity. </p> Thanks, Les. Seems there is a…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28989262013-04-02T12:53:48.559ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks, Les. Seems there is always a new shale play, or two, that is in the early stages of development where drilling is driven by lease retention.</p>
<p>Thanks, Les. Seems there is always a new shale play, or two, that is in the early stages of development where drilling is driven by lease retention.</p> Skip, I am thinking we may se…tag:gohaynesvilleshale.com,2013-04-02:2117179:Comment:28987492013-04-02T04:31:33.522ZLes Bamburghttps://gohaynesvilleshale.com/profile/LesB
<p>Skip, I am thinking we may see prices above $4 for May but pushed back below $4 by the new Utica Shale volumes until Fall. Hopefully after that we will have pricing in the $4 to $4.50 range. </p>
<p>Skip, I am thinking we may see prices above $4 for May but pushed back below $4 by the new Utica Shale volumes until Fall. Hopefully after that we will have pricing in the $4 to $4.50 range. </p>