WTI price has quite a lot to do with condensate and NGL realizations. Rex reserves are around 1/3 liquids.
I'm not sure, but I think that there are other ways to end a sentence other than with a ! I'll have to research it, though!!!!
Hopedale is all fractionation, no processing, right? So, it will be covered in the next installment.
"We’ll get to the firm’s various NGL fractionators, de-ethanization units, and NGL pipelines (transporting ethane, propane, C3+ and y-grade) in upcoming blogs."
You'll have to explain a bit more. Are you referring to well permits, or to lease restrictions?
This well might be done. I was in Columbus yesterday and saw a group of GasFrac equipment in Licking County, OH heading west, with another group in Guernsey county heading west.
I posted in the comments - there's a guy who just can't get it in his head that PA NGL production is not reported to the DEP.
And from this Thursday
Working gas in storage was 1,467 Bcf as of Friday, March 13, 2015, according to EIA estimates. This represents a net decline of 45 Bcf from the previous week. Stocks were 507 Bcf higher than last year at this time and 225 Bcf below the 5-year average of 1,692 Bcf. In the East Region, stocks were 161 Bcf below the 5-year average following net withdrawals of 37 Bcf. Stocks in the Producing Region were 131 Bcf below the 5-year average of 679 Bcf after a net withdrawal of 7 Bcf. Stocks in the West Region were 67 Bcf above the 5-year average after a net drawdown of 1 Bcf. At 1,467 Bcf, total working gas is within the 5-year historical range.
Yes, the alcohol is then converted to natural gas using the Fultzenheimer process, which was originally developed in #$%$ Germany, with some additional work in the 60's by Charlton Heston. All work stopped when he began his acting career and then began again in 2006. Mr. Heston deserves a lot of credit for returning to the project and blessing the world with his know how. We lost a visionary in 2008.
? According to the EIA's Natural Gas Total Consumption data, the highest demand month in the US has been January for every year since 2000, with the exception of Dec. 2005. Lows are in May, June, or September.
I see where you got your comment on not much pad drilling, and my reply might have been a bit harsh.
However, I believe the comment you quoted refers to pre-existing pads. Pre-existing as in the pad was built for an earlier set of 4-8 wells. Now, we'll go back in and drill an additional four or whatever.
Permit and/or spud data is available. Google "dep well report", go to second link, enter whatever parameters you like.
No pad drilling? Really? Please name a single well Range has drilled in Washington County, PA that is on a pad by itself. I've mapped hundreds and the average #/pad is probably around 5 or 6.
Good that the ATEX is (mostly) back up. Part of Williams' Ohio Valley Ethane pipeline is down again, after a leak at the meter station close to MarkWest's Houston plant. This is the same meter station that caught on fire XMas eve. No idea on any shut in volumes or timeframe for stoppage.
Please stop the incessant posting. One or two useful posts per day would do much more for your reputation and this message board.
If you're being paid per post, you should at least try to disguise it. Try including a blurb from their investor presentations. Mention something about Rex's great acreage. Moan about that day's drop in propane prices. Try to act more like an investor than a shill. People might actually read your posts rather than skipping over them.
? You might be thinking about this the wrong way. Refineries break down oil into various products, including gasoline, diesel, jet fuel. Shutting down refineries would result in a surplus of oil, lowering its price.
Rex's volatility certainly brings out a big variety of comments.
Ugh. My last royalty check would explain why RRC trades like oil. Royalties after deductions for November production is around 3-1 liquids-gas. Dreading the next few months of reduced prices.
I know my experience is not typical for the company, but some real-life reports are helpful.