Another outrageous post by NorrisFraud posting more outrageous numbers that can neither be supported nor verified. Why anyone puts up with his nonsense is beyond me.
Potato, potahto. The point was that Walker expected billions from the sale and will be lucky to see one tenth of it.
The exchange ISN'T going to give EVEP the dropdowns as expected which would drive distributions higher - at least not any time soon. I can read perfectly fine, thank you; I think you need to take off your rose-colored glasses next time you try.
Not nearly as entertaining as the Mutt & Jeff show you and SOB have down pat.
Tell us, how many 2017 January contracts traded today?
Gold dropped 1.6 percent to $1,364.70 an ounce and silver slid 1.4 percent while coffee plunged 2.1 percent for the biggest declines in the S&P GSCI Index, while natural gas jumped 3.1 percent corn rallied 1.7 percent to lead the commodities gauge higher. West Texas Intermediate oil advanced 0.9 percent to $96.02 a barrel.
The surge in natural gas futures posted the came as the U.S. conditionally approved a Texas liquefied natural gas project. Gas jumped as much as 4.2 percent. The Freeport LNG export project received only the second approval from the Energy Department to export gas to countries that don’t have free-trade agreements with the U.S. The facility would be able to export 1.4 billion cubic feet a day.
Who uses 2017 info? Are you dumber than you appear? How long did you have to search to find one that was in negative territory?
Check June futures, up .104
Today's open: 3.942, Close 4.046 (but had been as high as 4.096)
I have a job. Correcting your and SOB posts all day.
Au contraire NG futures jumped 12 cents immediately on the news.
"It is an historic moment for the United States," said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. "From a price standpoint this is definitely going to put some upward pressure on prices, further out in 2015 to 2018."
How many wells were shut in? What's the average daily production per well? What is the average (not peak) EUR for wells? How many wells are being drilled now? How many rigs are there? Why was production not higher? Did the IRS hold up tax-exempt applications in Cincinnati, and if so, how much did that slow production?
How much midstream production will be coming online in the next six months? Who are the major players in that segment? How many jobs will be created by that segment alone? What's the investment dollars just for 2013, and how much is planned for the next three years? How much has been invested so far?
Which pipeline companies are planning to build through the Ohio Valley and where are they headed? How much is currently going to Canada? New England? What is the current pricing for New England NG?
How much is COG up today? How much is NG up today?
By ignoring most of these questions, it's apparent you have very little knowledge about what's going on there, or are just being obnoxious. I figure it's about 20%-80%. or 80%-20%. Doesn't matter.
Still disparaging the play? Why is that? Why do you want to dismiss all the oil & gas companies that operate there? As usual, you don't see the big picture, and I'm not going to try to teach it to someone who is unteachable.
The U.S. Energy Department conditionally approved the Freeport LNG project in Texas to export natural gas to countries that don’t have free-trade agreements with the U.S.
The development, which is partly owned by ConocoPhillips (COP), Dow Chemical Co. (DOW) and Osaka Gas Co., is only the second the department has approved for sales overseas. Exports are already permitted to countries that have free-trade agreements with the U.S.
“The development of U.S. natural gas resources is having a transformative impact on the U.S. energy landscape, helping to improve our energy security while spurring economic development and job creation around the country,” the department said in its news release.
Bill Gibbons, a department spokesman, said the administration was addressing the issue “in a responsible way” and would weigh applications on a case-by-case basis.
If all 20 projects were to win approval, they could ship the equivalent of 41 percent of the total U.S. production this year, according to Energy Department data.
After a preliminary review, it seems “the order provides us everything that we requested in terms of the authorization and we commend the Department of Energy on the thoroughness of their review and consideration of exports and getting to the right result,” John Tobola, general counsel of Freeport, said in a phone interview today.
The Freeport LNG project must still win approval from the Federal Energy Regulatory Commission.
The big hurdle was thought to be the Energy Department, which must decide if the projects are in the national interest. The department said its review of the Freeport facility was extensive and careful.
It found that exports from the facility are “likely to yield net economic benefits” to the U.S.
Freeport would be able to export up to 1.4 billion cubic feet of natural gas a day for 20 years. In May 2011, the department conditionally approved Cheniere Energy Inc.’s Sabine Pass LNG Terminal in Louisiana for a rate of up to 2.2 bcf.
Well, buckaroo, maybe you should check a bit further.
The whole show yesterday was about 2012 production. Which IS posted and was released yesterday.
Now Norris is trashing domestic production. Well, it sort of figures, what SOB does, you'll find Norrisfraud not far behind with a broom and shovel. Some days it's difficult to tell which one is the lap dog, and which one is the scooper.
By the way, N, you might find today's SA article on GLW worth a read, if you can find it.
So, what's your point? You know Yahoo! limits the size of the post.
Still disparaging domestic shale plays? We all know you don't think Marcellus and Utica are worth anything.
Wall Street Journal, Setpember 14, 2012:
EnerVest Ltd., the biggest energy producer in Ohio, is selling a big chunk of its oil and gas holdings in the state's Utica Shale, a prize its executives predict will fetch more than $6 billion.
Privately held EnerVest, with its publicly traded arm EV Energy Partners LP, EVEP +0.97% plans to shed 539,000 acres above the Utica, a dense layer of rock that many believe holds great petroleum wealth. The firm is pursuing a sale by the end of the year that would be the largest in the company's 20-year history and mean a big payday for its institutional investors.
EnerVest wound up with this would-be bounty almost by happenstance. The Houston-based company had been acquiring drilling rights to the Utica in Ohio since 2003 but had no intention of tapping it or any notion of its potential. Instead, it was targeting deposits at different depths than the Utica that were known to contain oil and gas, pursuing its usual strategy of buying drilling rights to traditional energy fields and coaxing greater output from them.
But EnerVest and other companies in the last year have begun to unlock vast fossil-fuel deposits from the Utica through horizontal drilling and hydraulic fracturing, or "fracking," transforming old properties in Ohio's Rust Belt into hot prospects.
"We're not very smart," said John Walker, EnerVest's founder and chief executive, acknowledging that he hadn't foreseen the Utica's promise. "But good things happen when you have a lot of acreage."