Shale play activity has come on like gangbusters in recent years, greatly augmenting the overall supply picture. Some producers appear dubious about how sustainable even the highly competitive economics of shale drilling are during a period in which gas prices universally have slipped below $4 into the pipe, but many keep shifting rigs into their shale acreage anyway.
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Articles from Gangbusters
No Blizzards, But Prices Soar Across the Board
Modest warming trends, several of which would be under way as early as Wednesday, proved to be no deterrent to a suddenly gangbusters cash market. Getting an extra boost from the previous day’s screen uptick of 22.2 cents, all points were involved in large increases Tuesday.
November 18, 2009
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