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Strategies & Market Trends : Ride the Tiger with CD
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To: koan who wrote (88988)8/19/2007 6:06:52 PM
From: LoneClone  Read Replies (1) of 313075
 
That's only part of the picture. They may be drilling as many wells in the US (if not in Canada), but they are getting less gas out of each well, both in terms of flow rates and lifetime production from each well. And the cost of drilling is increasing. So it takes more and more drilling of increasingly expensive wells just to keep production the same.

I would still argue that key determinants of ng prices in the US are the weather effects on production and consumption together with the impact of LNG imports.

LC
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