That’s the price pretty much at the well.
Getting that gas to New England with our current pipeline system, is where the real costs are added on to the price.
So I won’t have to sell my first-born to heat the house this winter?
Does anyone have a spare natural gas liquification facility and a few thousand cryogenic tanks?
Anyone have a stock symbol for some of this Natural gas?
That’s just the Permian Basin and old news, been vacillating like that for 3 years. It’s a storage/pipeline issue. I have mineral rights in the Texas Barnett shale (a much larger production area) and it is not having that problem. Distributions have dropped some but are still very good.
Biden aims to shutter largest oil field in U.S. amid record-high gas prices [Permian Basin, TX]
https://freerepublic.com/focus/f-bloggers/4076653/posts
Not for long! Joe’s going to shut it down.
Wow. Talk about volatility. From $.20 to $25 seems like the sort of spread that would attract the oil business entrepreneurs.