OTCPK:PDPYF - Post by User
Comment by
Tinyhopeson Feb 24, 2016 11:34am
124 Views
Post# 24589371
RE:Good article on the future for natural gas
RE:Good article on the future for natural gas Hedges made when prices were in the $5-range carried many companies through falling prices as they continued to produce like there was no tomorrow. Tomorrow has arrived and the hedges are gone. Over-production in the Marcellus Shale means that producers have to compete for limited pipeline capacity by deeply discounting their sales price. The best core area locations are commercial at $4 per mcf3 but wellhead prices averaged only $1.75 per mcf in 2015. No Simple Solution to Falling Supply READ THE FULL ARTICLEET AT. https://www.forbes.com/sites/arthurberman/2016/02/21/natural-gas-price-increase-inevitable-in-2016/#234ba17f1a76