[Maddog78]

Now you've gone from gals to barrels? Sounds like you have no idea.
Watch your units expert, a fuckup like that in my position would get you fired.


$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Maddog78', 'I')t's pretty obvious you no longer care whether people take you seriously or not, therefore they don't.
5 million gals/well? What a load of bullshit.
You don't have a fucking clue so you continue to just pull facts and figures out of your ass, who cares if they are even close to being accurate.
What a tree dwelling loser.
To think at one point I even tried to provide accurate information, what a waste of time that was.

Enjoy your depressing and doomer outlook and continue to hide in your tree house.
Meantime I'll be driving my 911, which I can fill up for only 40 bucks with no line ups, to my 200K a year job to continue providing the U.S. with a secure supply of natural gas and all the time I'll have a smile on my face.

[copious.abundance]

$this->bbcode_second_pass_quote('pstarr', 'Y')ou know that shale gas well production collapses monumentally soon after the initial BURP of gas. Why not tell the truth? Or that it takes 5 million gallons of precious water to fract [sic] on [sic] well just once. And that must happen many times. And that well goes BURP soon after. And that it is much too early to even tell if this entire technology is [sic] waste of time because of the above?

[Maddog78]

Despite his blathering on about high depletion rates, EROEI and the unsustainability of horizontal drilling for natural gas, he won't take that bet because he knows he will lose.

He loves the rhetoric but there is no way he will put his money where his mouth is.

He knows our costs are coming down all the time and we have nearly filled all available storage.

My company alone has over 30 wells drilled that we have not even fracced because there is no room to put it if we do. I know other companies are in the same boat.
Even if we do draw down production it will be a very simple matter to double our rig count and get right back to replacing any draw down. This will continue for decades. We have literally hundreds of acres of lease land that we haven't even touched yet.

It must really burn his ass that we have managed to make fools of all the doomer prognosticators who went on and on about a n. gas production cliff 3 years ago.

[copious.abundance]

BTW, I just realized someone merged my Haynesville shale thread with the general shale gas thread.

[TheAntiDoomer]

More Shale gas fun OF2. I wonder if these big discoveries will go on for a while....

Another natural gas discovery in north Louisiana could rival the Haynesville Shale

http://www.nola.com/business/index.ssf/ ... overy.html

$this->bbcode_second_pass_quote('', 'A')nother natural gas discovery in north Louisiana could rival the Haynesville Shale, which last year incited a gold-rush style drilling boom when it was revealed that the underground rock layer held one of the biggest gas reserves in the country.

[copious.abundance]

>>> Guess what? A link! <<<
$this->bbcode_second_pass_quote('', '[')b]Natural Gas Glut Overwhelms Speculators, Defies Rally
By Ayesha Daya

Nov. 30 (Bloomberg) -- When Qatar’s biggest natural gas shipment to the U.S. arrived this month, it signaled to Barclays Capital Inc. and PFC Energy that this year’s worst performing commodity investment won’t recover in 2010.

Murwab, a Qatari liquefied natural gas tanker, carried the first shipment to the U.S. from the Persian Gulf nation since June 2008. Its cargo, enough to heat about 9 million homes for a day, added to the largest gas inventories for this time of year since at least 1994, Energy Department data show.

Rising supplies threaten to hurt the record-large $4.2 billion bet in the U.S. Natural Gas Fund LP, while traders hold 51 percent more options contracts to buy gas than they do to sell. The International Energy Agency warned of a glut that Qatar’s energy minister said may last until 2012. Wall Street’s consensus forecast for a 51 percent rise in U.S. gas futures to an average $6.09 per million British thermal units next year is too high, according to industry consultant Schork Group Inc.

[...]

[mcgowanjm]

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('OilFinder2', '&')gt;>> Guess what? A link! <<<
$this->bbcode_second_pass_quote('', '[')b]Natural Gas Glut Overwhelms Speculators, Defies Rally
By Ayesha Daya

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('OilFinder2', '&')gt;>> Guess what? A link! <<<
$this->bbcode_second_pass_quote('', '[')b]Natural Gas Glut Overwhelms Speculators, Defies Rally
By Ayesha Daya

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')But Americans can't afford $6.75.

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mcgowanjm', '
')But Americans can't afford $6.75.

[mcgowanjm]

$this->bbcode_second_pass_quote('TheAntiDoomer', '')$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mcgowanjm', '
')But Americans can't afford $6.75.

[mcgowanjm]

$this->bbcode_second_pass_quote('', 'N')atural Gas Glut Overwhelms Speculators, Defies

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')Beautiful Pic.

But you'll notice we're in a Depression now from when
Americans could"afford it'?

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('', 'N')atural Gas Glut Overwhelms Speculators, Defies

[copious.abundance]

Hey, since pstarr won't take my bet, maybe I can get mcgowanjm to bite.

mcgowanjm, $100 says US natural gas production in 2012 will exceed the 2008 figure. Deal?

[Maddog78]

I already told this guy that our company has hedged 70% of our entire production for 2010 at 6 bucks but he doesn't care.
Keeps spouting the same old numbers that he has no understanding of.
Maybe they are from last year? Who knows where he got them? He doesn't seem to understand that drilling and production costs have dropped about 30% from last year with the slowdown.
I'm tired of pointing it out to him, he just carries on with the same old b.s.

[mcgowanjm]

$this->bbcode_second_pass_quote('Maddog78', 'I') already told this guy that our company has hedged 70% of our entire production for 2010 at 6 bucks but he doesn't care.
Keeps spouting the same old numbers that he has no understanding of.

[mcgowanjm]

My bad. Looks like Chesapeake's already been taken by BP:
$this->bbcode_second_pass_quote('', '
')During the first the first three quarters of 2009, 100% of Chesapeake’s $524 million of drilling costs in the Fayetteville were paid for by its joint venture partner BP America (NYSE:BP). During the fourth quarter 2009, nearly all of Chesapeake’s drilling costs, or approximately $75 million, will be paid for by BP, bringing to an end BP’s drilling carry obligations to Chesapeake.

[Maddog78]

Companies make deals and/or merge all the time.
So how do you interpret this? You interpret this as co. can't make money at $6.75?
OK.


Berman got fired from a free subscription, advertiser supported magazine because some of the advertisers felt he was beating a dead horse. He wrote over 10 articles on this one topic with no more data. Present new data or move on.
While this might have been a low blow it is understandable.
Biting the hand that feeds you and all.

You better go back and re-read those TOD threads.
Plenty of posts in there refuting Berman's studies, not because he is a "dumb" guy but because he only had data from a small area and small and early part of a single shale gas field.
I've noticed any nay sayers tend to get the boot from TOD pretty quickly so I have no plans to register there. The internet can be a time waster and I waste enough time here quite honestly.

I don't know the financial details of all those co. you mentioned. Neither do you.
Our company funds itself on cash flow. We're doing great. Making a lot of money.
We might even buy up one of or part of those companies you mentioned. In fact we already have.
Some win and some lose but guess what? The storeage levels of n. gas are nearly 100% full. It will be that way for a lot of years meaning affordable gas.
Isn't that the bottom line?
If it isn't what is your point?


Not that I really care to know quite honestly because you have zero credibility as far as I am concerned and love spouting off about things that you have just a little knowledge of.
You think this makes you look well informed.

Go ahead make up some more stuff, I'm done with you.
Got a busy day ahead. Later all.

[TheAntiDoomer]

Its amazing how Mcgowanmj still sucks up to Leanan even after she gave him the boot from TOD.