"If you look at the annual demand, LNG export is about to be on par with the volume injected into storage. Of course, it's a more consistent demand than winter heating, so it shows up more as a floor to natural gas prices. …"
"I can't speak to the direct question of this thread, and do not intend to hijack it. That said, its my opinion that the "liberal agenda" posts you are referring to are important to understanding the future of Natural Gas,…"
"What Jay said. Same thing going on in Barnett - that area simply needs higher gas prices, or vastly lower D&C costs, or vastly more effective completions to compete on a ROR basis.
That said, I would love to see what would…"
"And I think its important to remember that while similar to a "cap and trade" type policy or other permitting restrictions, a carbon tax, properly implemented, is a fair market way to achieve a desired outcome, without mandating the…"
"A rational carbon tax, preferably revenue neutral through rebates or assistance to lower income folks is necessary for the long term health of the industry. A tax puts a value on carbon, in excess of current costs, and will promote…"
My friend at Panda didn't know anything beyond what was in the article. He's nearing retirement and I guess his mind is elsewhere. You know everyone directly and indirectly connected to the electrical power generation industry is watching this demonstration plant.
Are you still working in the Caddo Pine Island? If so Julie and I are bored and want to invite you to lunch one day while you are in transit through E TX.
Agreed. I'm always curious when I see significant condensate production. A majority of new wells that are profitable owing to liquids don't look especially impressive in their IP and production data because there is no btu value reported for the gas component. You might see an IP of 75 bbls of condensate and 4 MMcfd and think it an average well then see a report by the operator that the well is making 2,500 BOED. Most state reporting regs don't require specifics as to NGL production or btu per mcf of gas. Dry gas, such as Haynesville, may have a btu value of 0.95 while a good wet gas well may have a btu value of 1.15.
Doesn't make sense to me either, dbob. That's why I think it's likely inaccurate. Encana needs to concentrate on oil and liquids no matter where located. What I'm seeing in the TMS currently would lead me to believe they will have at least three rigs there sometime this year. If not, it doesn't bode well for the TMS play.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More