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Hugoton Royalty Trust Message Board

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  • ousaouparis ousaouparis Oct 2, 2010 9:15 AM Flag

    shale NG trust

    The production of shale gas is causing the importation of overseas gas including LNG to go down by 12 percent. Shale gas is one way for the US to seriously lower our dependence on foreign O&G. The missing link is users, free market should work to see some industries switch to gas, such as transportation and more power plant. These 2 articles support my position:
    The tease:
    The expenditure is equivalent to the total U.S. shale gas M&A expenditure for 2008 and 2009 combined, which was US $19.7 billion and US $2 billion respectively, said Luke Parker, manager of Wood Mackenzie's M&A research service. "Through the first half of this year alone, in excess of 35 trillion cubic feet (tcf) of shale gas resource changed hands at an average cost of US $0.60 per million cubic feet of gas equivalent (mcfe)."

    The tease:
    Net U.S. imports of natural gas reached the lowest level seen since 1994, or 12 percent of total consumption, as the surge in shale gas activity continues to push gas production in the U.S. Lower 48 states, the U.S. Energy Information Administration (EIA) reported this week

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