OTCPK:GSFVF - Post by User
Comment by
stag15on Feb 22, 2014 3:24pm
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Post# 22238654
RE:RE:RE:RE:Higher Nat.Gas Prices
RE:RE:RE:RE:Higher Nat.Gas Prices
The large shale players (APC,CHK,COP) have all stated that they won't divert capital away from oilier plays until nat gas is well above $5 and stays there for a long amount of time. The current nat gas storage is very bullish for ng as the big players won't change their game plan for a while. Also, what many don't realize is that a drilling program also requires a facility program to handle all the gas and NGLs. A typical gas processing facility for a major shale play is a 18-24 month item.