On CHK and production, and costs:
It still looks like "Walmart Ng" High Volume, low prices !!!
The Aubrey etchings from CHK are easy enough to find for those interested.
Sounds like they will be shifting more to Liquids as time goes on as they are more profitable but still yield a lot of dry gas. So looks like production is not going to decline drastically save a major event.
There seems to be profitability down as low as 2.50 depending on the area/region.
Seems some producers are using the cash from liquids to offset the drilling costs to maintain their leases.
There are also quite a few nuclear plants down for re-fueling and coal plants for fall maintenance, so this is no doubt supporting Ng consumption and price at the moment.
I will likely cut back on "what I post" as few seem interested in "how this industry functions"
I imagine Ng prices will stay down until we start to see some serious cold weather and heating demand starts to ramp up. What else is there ??? The economy is so crappy Industrial demand is not likely to change.
Otherwise a HUGE CANE in the Gulf that takes out all of the platforms/rigs and half of the Gulf coast infrastructure ??? NOT LIKELY at this point !!!!
Maybe Wayne can peddle some "open air Ng space heaters" to the OWS crowd now that he has discovered they have a half million bucks and that park/tents are going to get "pretty chilly" !!!