Thought you might find this interesting and informative. In response to this article, Chespaeake's CEO sent a letter to each of the company's employees. Here you go!
Seems to me that the Times struck a nerve...
I think there is a good deal of truth to what they say in the current price structure. IF n.gas were to rise even by a few bucks I think it would be a didderent game al togther.
The average ultimate recovery from Hayneville wells will be 3 to 4 BCF of economically significant production. At $5.00 gas, this will not provide a reasonable rate of return on $11 million wells (includes well, land, infrastructure). The link to Mr. McClendon's letter is broken, but in the excerpts I read, he never says the play will pay out. If he didn't say that it will, it's an interesting omission since that is the crux of the NYT article. It's a great time to be a royalty owner.
Today on msn money...video about "natgas bubble".
http://money.msn.com/how-to-invest/video.aspx?vid=0f85d0ec-3973-4ba...
386 members
399 members
119 members
8 members
97 members
59 members
242 members
172 members
455 members
87 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs 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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com