Here's Why Marcellus Shale Play Is So Important For Chesapeake
The Marcellus shale is the largest natural gas producing region in the United States, accounting for close to one-fifth of the country’s total gas production. The shale is also emerging as one of the most economical gas plays, given the high production rates of wells in addition to improving drilling efficiencies being brought about by the adoption of technologies such as pad drilling. In this note, we take a look at Chesapeake Energy’s operations in the Marcellus shale as well as some of the broader trends driving production growth in the region.
Marcellus Is The Largest Shale Gas Play In North America
The Marcellus shale, which lies beneath the states of Ohio, West Virginia, Pennsylvania and New York, is estimated to hold about 141 trillion cubic feet of technically recoverable natural gas reserves, according to data from the U.S. Energy Information Administration. The play’s proximity to high-demand markets on the East Coast makes it attractive to gas producers, since it enables lower transportation costs. Production from the Marcellus has been soaring, growing from less than 2 billion cubic feet per day (bcf/d) in 2007 to about 16 bcf/d currently, and production could rise to as much as 20 bcf/d by 2020.
•Firstly, producers have been focusing on the most productive “sweet-spots” of the play, and performance has been solid for the most part. Besides strong initial production rates, operators have been seeing relatively low rates of decline.
•Additionally, efficiency improvements have also been driving production growth, as operators have been able to drill deeper wells in less time, at a lower cost.
ECT should be bought hand over fist - period!!
Sentiment: Strong Buy
no so ... WHZ is in oil and that one is stable
someone over the past 2 weeks has shorted 50k shares. part of the problem IMO
additionally strong dollar and commodity sector pressure does not help.
what I don't get is nat gas is beginning to stabilize and yet this falls
we plan to continue to accumulate at these levels with a book value north of 12.00
easy $$ IMO
your dead on
this is the easiest money to be made period
just down in sympathy to energy sector but nat gas is stabilizing at these prices with winter soon to approach
Nat gas supply build occurs same time each year at this time putting pressure on price
Look at the charts - easy double from here and a fantastic dividend as well
Home, what say you now??
Friggin numbers do not lie.
Someone(s) has a serious hard on to either short against the box or see this company fail.
Management has work to do IMO
Home, over 14 million shares short and over 40 days to cover are fact. The shorts have dug in their heels and have no urgency to cover.
Candy et al are like nats in the woods. No relevance to me.
The hard numbers are the concern.
Home, I'm experienced enough to know the pace of "government work" however the company on a few press releases stressed how closely they are working with the FDA to get this matter resolved.
As a shareholder I'm getting of tired of what the shorts consider "hype"
Any other stock would be up over 10% on news like this.
Come on management! Where's this mystical transition letter?? Lets get on with show.
nat gas up huge this morning and a divi paying trust that has the ability to pay over 16.00 in distributions over it's life ...
something is seriously a miss here
as long as we remain under the radar I'll be a buyer!
a new product?
AmbioDry2®, the MiMedx PURION® Processed single layer amnion, contains four to five times greater amounts of growth factors than the competitive single layer amnion products (DryFlex®, AmnioExCel®, SteriShield™, and SteriShield II™) that were evaluated in the study.
Trust does not terminate till 2030 and nat gas prices rising going into fall/winter
Even if the trust continues to pay what resembles the last distribution I calculate close to 16.00 in dividends until termination
that's a great payday!
Candyclown... the strength in MDXG PPS over the past week confirms your on borrowed time.
how_bout...enlighten us all