RE:RE:RE:RE:RE:Natural gas productionI keep looking for the REPLY button rather than COMMENT ON THIS POST.
I think we may have to start looking at Crew for their condensates production. They seem to be moving with the price of oil lately rather than the price of NG.
Anyone else seem to see this relationship?
Also I agree with Oldnagger that production may not grow in the U.S. at current NG prices, stats seem to suggest rig usage is lower, costs are higher and the shale guys can't compete at these prices so production may start falling off. DUC's are building up.
Construction of LNG facilities in the U.S. and other places is much much quicker than in Canada, LNG exports are going to go nowhere but up as prices will always be higher in Europe and Asia than in NA.
CR's price here today in the $4.50's was a really good price I think.