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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Hannoverian who wrote (182843)	3/2/2014 4:36:29 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206334

Hanno - help me with this one please. " If the overall Domestic production base is declining @ 22-24%/year that strongly suggests Unconventional Domestic NG is declining@ 32-34%/year. " I read the above to indicate a 30% plus decline rate for unconventional gas. "Now an example, a new Marcellus pipeline bringing a new 0.5 BCF/day to the market place on 1/1'14. Fifty wells, each producing 10 MMCF/day on day one, also 1/1/'14. One year later, that pipeline is transporting ~150 MMCF/day, the 70% decline rate for the individual wells. " Based on the top item - would the pipeline a year late not be down about 33% and not 70%? Anyway, it would seem to me the "stuff" does not hit the fan until the backlog of unconnected wells is depleted. My local friend in the nat gas business says there is a lot of Marcellus gas out there just waiting to go to market. To the best of my knowledge he has no plans to start any new local drilling. Bob