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Permalink Reply by adubu on May 5, 2013 at 1:27

The problem was too many operator drank the cool aid and though $10-14 Nat Gas prices would stay for decades. They got greedy and paid too much for the leases. People do not look at past history. When will we learn? The HA will be drilled out for gas has been found for demand will alway be there although may take several 100 year to deplete it

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Permalink Reply by olddog573 on May 5, 2013 at 14:52

CHK is one company that is planning on bringing a few rigs back in 2014.  Nothing sooner though that I've heard of.

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Permalink Reply by adubu on May 5, 2013 at 15:25

Mike---cheniere will export about 3.5 Bcfd and have already sign 10 & 20 year deals for about 2.5+  Overall, Cheniere has signed contracts to sell 16 million tonnes a year from four process units at Sabine Pass to customers including Gas Natural Fenosa, Korea Gas and GAIL (India). Cheniere has also agreed to sell 2 million tonnes a year to Total at a proposed fifth processing train at Sabine Pass They are close to deals for the 5th and 6th trains

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Permalink Reply by Jimbo on May 7, 2013 at 10:51

Politics will rule, subject to cost, but this info seems new (at least to me):

 

http://www.cheniere.com/corpus_christi/corpus_project.shtml

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