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Abraxas Petroleum Corp. Message Board

  • pocilujko pocilujko Dec 25, 2013 1:02 PM Flag

    Comments on Natural Gas

    if prices go higher, you will see more facilities erected to handle Natural Gas Production.
    In North Dakota, approx. 10,000,000 MCF of Produced Natural Gas Flared Off(burned) and not Sold in October, 2013.

    Gastar has hold off drilling for Natural Gas in Marcellus waiting for Upgrades to facilities to handle larger Volume.
    Petroquest has gotten Seven permits to drill Carthage-Haynesville Wells (Huge Natural Gas Wells) in Panola County Texas. Drilling will start very soon.

    There is plenty of Natural Gas ; just need slightly higher prices to produce.

    ED

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    • Flaring on its own is really coming under attack so...it's one thing when it's far offshore but inland wells and "numerous" inland wells gets attention. There's just a massive infrastructure lag remaining on both natgas and oil. Mostly the real problems are where historically there was no real prior activity..Bakken and Utica. Oil and liquids can be trucked / rail...natgas requires pipelines. It's still a great investment sector but it takes some knowledge, some work and a smidgen of luck to catch the geese that will lay the golden eggs. Lot's of room ahead for profit in the coming years for investors who can position themselves in the right spots. JMHO GLTA

      • 2 Replies to bogwa1406
      • Unless You are....

        " 29, Stoned at night in the (drilling / flaring fields where the night lights flicker across the backdrop) and you know your bank account is growing, don't worry, be happy......because they will capture the 'gas', your thrill will be gone and you will again be pocketing more proceeds from "Gas injection vs Water" resulting in happy environmentalists with nothing more to say while lining your bank accounts with yet more cash flow !!

        Oiltrash

        Sentiment: Strong Buy

      • Correct !!!.....as a Pipeliner w/ 25 yrs in Arabia, I (well) understand this " Bottleneck " ,,,so which company from here ? Phillips 66, .......WX?, .....Where......??? ( Small diversification ) ?????

        Oiltrash

        Sentiment: Strong Buy

 
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