Crazy

As operators search for water treatment options in shale plays, they are hearing some crazy pitches, according to Rick McCurdy, senior engineering adviser for Chesapeake Energy Corp.

The small group of analysts who were thought to be crazy just two months ago when they predicted the gas storage deficit compared to levels last year would be erased in short order, are now proving to be soothsayers. As of last week’s American Gas Association storage report, the deficit level shrank to only 36 Bcf on May 23 from 404 Bcf on March 28.

The small group of analysts who were thought to be crazy just two months ago when they predicted the gas storage deficit compared to levels last year would be erased in short order, are now proving to be soothsayers. As of this week’s American Gas Association storage report, the deficit level shrank to only 36 Bcf on May 23 from 404 Bcf on March 28.

The source who commented “It’s a wild and crazy market outthere” when asked Friday to explain big variations in price quotesfor Nov. 1-2 business was understating the situation by manydegrees. There seemed to be no rhyme or reason at all in the earlyNovember aftermarket when traders were reporting ranges of 25-30cents for individual points in swing deals done Friday.