Given current commodity prices, natural gas wells drilled in the Marcellus Shale — wet or dry — compete favorably with marginal Bakken Shale oil wells, but that’s the only gas play in the U.S. onshore that today can compete with Bakken oil well economics, according to an analysis by Barclays Capital.
Lockstep
Articles from Lockstep
Pennsylvania Governor Opposes Forced Pooling
Countering claims that he moves in lockstep with the industry on Marcellus Shale issues, Pennsylvania Gov. Tom Corbett spoke out against forced pooling in a speech last Tuesday before a Pittsburgh audience.
Pennsylvania Governor Opposes Forced Pooling
Countering claims that he moves in lockstep with the industry on Marcellus Shale issues, Pennsylvania Gov. Tom Corbett spoke out against forced pooling in a speech Tuesday before a Pittsburgh audience.
Cash, Futures Surprised by Bullish 56 Bcf Storage Draw
Departing from the previous three days of trading this week when the cash market moved in lockstep — higher on Monday and Wednesday and lower on Tuesday — the nation’s average’s on Thursday produced a mixed bag, which was impacted a bit by the morning’s “bullish” natural gas storage report from the Energy Information Administration for the week ending March 11.
NatGas Futures Sink Along With Crude, But Rebound Expected
Moving once again in lockstep with crude prices, June natural gas futures on Monday recorded a morning high of $11.598 before crashing late in the session. During the last half hour of the regular session, the prompt month dropped from $11.479 to a low of $11.249 before closing out the session at $11.301, down 23.6 cents from Friday’s finish.
Futures Rise on Crude Sympathy, But Bears Still Hold the Reins
Once again marching in lockstep with crude futures, February natural gas pushed higher on Friday. After trading between $9.060 and $9.440, the prompt month ended up settling at $9.280, up 37.5 cents on the day and 48.9 cents higher than the previous Friday’s close.