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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (89601)	4/30/2012 9:47:57 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218863

Isn't that like the weather ? All my be true but what are the extraction cost per 1 MMBTU There are more things under heaven and earth... Haim.. (It's not just the lifting cost) NGLs are following oil price and you get dry gas as a by-product.. Don't drill and lose your land lease you can't just turn off the gas flow like a water tap in your house. Stopping drilling is how to turn off the tap.. so it is more like turning a large ship to avoid an iceberg seen at the last minute if you cannot easily stop flow and there is no place to store NG.. It can theoretically go no bid.. Back to the original.. statement.. if the decline rates do not kill shale gas.. we may have a glut.. China hasn't even started cooking with gas yet (idiomatic expression :O) and apparently they have potentially massive shale reserves..