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United States Natural Gas ETF Message Board

  • repeat_the_future repeat_the_future Jan 23, 2013 1:22 PM Flag

    why RJ analyst says supply will keep increasing


    from the platts article - it's not just associated gas causing the increases in production, it's Marcellus as well: here's more from the platts article about that:

    "Adkins predicts US gas supplies will grow another 1.3 Bcf/d this year and 600,000 Mcf/d next year as more and more dry gas production comes from the Marcellus Shale and associated gas.

    While dry gas production has shrunk in the Haynesville, Fayetteville, and Barnett shales as rigs have left for brighter horizons, the Marcellus has replaced that production and then some, Adkins said.

    "Despite losing 53 rigs, gas production is still up an estimated 3.1 Bcf/d this gas year (November to November)," Adkins said.

    "Wait a minute! Weren't low prices and high shale gas decline rates supposed to force U.S. gas supply sharply lower? Not for the Marcellus," Adkins said, noting that drillers can make money at $3.00/Mcf in the Marcellus."

    -----this is an excerpt: read the whole article by googling the title "US dry gas production could grow for rest of decade: Raymond James" (possibly put Platts in your search terms too)

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