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Permalink Reply by Bobi Carr ("parker") on July 24, 2009 at 17:33

BirdDawg,

I pulled up a really old discussion. I was just wondering what the estimates would be today.

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Permalink Reply by BirdDawg, plain ole' idiot on July 24, 2009 at 17:36

Thanks Parker, that makes more sense.

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Permalink Reply by Bobi Carr ("parker") on July 24, 2009 at 17:46

EUR's are higher, price is MUCH lower and I don't know if present development anticipates 6 wells per section or the first mentioned 8.

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Permalink Reply by Bobi Carr ("parker") on July 24, 2009 at 17:49

EIA predicts:

The monthly average Henry Hub natural gas spot price is expected to remain below $4 per thousand cubic feet (Mcf) until late in the year given plentiful U.S. natural gas supplies and weak demand, particularly in the industrial sector. The Henry Hub price is projected to increase from an average of $4.22 per Mcf in 2009 to an average of $5.93 per Mcf in 2010 as expected economic growth increases industrial consumption of natural gas.

But hopefully long term will be significantly higher.

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Permalink Reply by BirdDawg, plain ole' idiot on July 24, 2009 at 19:11

Questar has told us 3 to 5 wells per unit. But then that had something to do with what they were paying us for our working interest. So my best guess is 5 to 7.
Ha. I just like to get in the middle. My guess means nothing.

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