Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:31 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Low U.S. natural gas price seen sapping reserves, valuations Back to Topics
MadFueler

Champion Author
Winston-Salem

Posts:3,803
Points:771,195
Joined:Sep 2012
Message Posted: Jan 19, 2013 1:25:37 AM

When U.S. natural gas producers release their 2012 annual reports in the next several weeks, many companies may have to drastically reduce a key indicator of their financial health: reserves.

Even though U.S. natural gas prices have bounced away from the decade lows of last April, the country's Securities and Exchange Commission requires companies to calculate and report year-end oil and gas reserves using 12-month average prices....

...Production from shale fields such as Marcellus in Pennsylvania and West Virginia, Haynesville in Louisiana, Fayetteville in Arkansas, and new fields in Ohio and elsewhere, have kept gas priced well below the $4 mark that the companies often cite as a benchmark for healthy returns....
Visit Reuters for full article
REPLIES (newest first) Post a Reply
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,933
Points:1,841,990
Joined:Oct 2009
Message Posted: Jan 20, 2013 7:56:38 AM

So, it's time for the producers to find more buyers.
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,040
Points:2,379,900
Joined:Jul 2004
Message Posted: Jan 20, 2013 12:05:55 AM

Let's see oil & gas prices fall -- greedy speculators have got to go. CFTC, do your job.

[Edited by: Night Owl at 1/20/2013 12:06:51 AM EST]
Profile Pic
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Jan 19, 2013 9:47:06 PM

Does it mean a price decrease?
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,065
Points:2,017,320
Joined:Sep 2008
Message Posted: Jan 19, 2013 9:29:12 PM

when the industry's solution is to drill it and just burn/waste it it's pretty shortsighted
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,065
Points:2,017,320
Joined:Sep 2008
Message Posted: Jan 19, 2013 9:28:00 PM

if the drillers keep flaring nat gas, the gap will close
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Jan 19, 2013 4:53:45 PM

natural gas prices will catch up, sooner or later
Profile Pic
RBob
Champion Author Portland

Posts:4,639
Points:2,872,390
Joined:May 2004
Message Posted: Jan 19, 2013 12:12:57 PM

This resource needs to be managed for the long term not just for the benefit of the oil barons and their stockpiles of gold.
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,410
Points:891,645
Joined:May 2012
Message Posted: Jan 19, 2013 11:11:54 AM

And yet they are still making money off of us.
Profile Pic
highdesertman
Champion Author Albuquerque

Posts:4,893
Points:2,249,635
Joined:Mar 2005
Message Posted: Jan 19, 2013 10:40:49 AM

See the article down below titled "A Mysterious Patch Of Light Shows Up In The North Dakota Dark" which talks about the amount of natural gas being flared off as a waste by-product in the Bakken oil fields because it is not economical to capture and sell. From the consumer's standpoint it's nice to see low NG prices, but from the standpoint of our long-term energy needs and environmental protection, a higher price would be beneficial.
Profile Pic
BBopp
Champion Author Dayton

Posts:9,131
Points:2,464,020
Joined:Dec 2006
Message Posted: Jan 19, 2013 10:09:16 AM

They still are not losing money.
Profile Pic
BigTruc
Champion Author Memphis

Posts:1,373
Points:1,155,915
Joined:Jul 2004
Message Posted: Jan 19, 2013 9:32:10 AM

No need to worry if those gas companies will be profitable.
Profile Pic
turboz2012
Champion Author Charleston

Posts:1,012
Points:883,670
Joined:Feb 2012
Message Posted: Jan 19, 2013 9:16:58 AM

those poor companies are going to go broke, maybe they will need a bailout
Profile Pic
dave27johnson
Champion Author Chicago

Posts:2,392
Points:942,805
Joined:Feb 2012
Message Posted: Jan 19, 2013 8:31:32 AM

In other words, reserves are mostly financial numbers rather than resources in the ground.
Profile Pic
Joeski1
Champion Author New Jersey

Posts:13,314
Points:2,341,585
Joined:Dec 2004
Message Posted: Jan 19, 2013 7:54:45 AM

yup!

now low unnatural methane gas prices are bad for industry and revenue....

so... what does that mean???

we should feel sorry they only made a trillion bucks last year in under-taxed profits....

and chip in an extra 40 cents a therm....
Profile Pic
335d1
Champion Author Virginia

Posts:4,961
Points:1,331,070
Joined:Feb 2011
Message Posted: Jan 19, 2013 7:34:19 AM

Good for the consumer.
Profile Pic
hokieburgh
Champion Author Virginia

Posts:1,817
Points:992,130
Joined:Feb 2007
Message Posted: Jan 19, 2013 7:03:00 AM

nice for this seasonal heating reality
Profile Pic
molebaby96
Champion Author Tallahassee

Posts:3,450
Points:1,049,120
Joined:Nov 2011
Message Posted: Jan 19, 2013 5:52:11 AM

The price don't sound low.
Profile Pic
humblepie
Champion Author Toledo

Posts:57,239
Points:2,972,320
Joined:Mar 2006
Message Posted: Jan 19, 2013 5:49:52 AM

t its great for home heating
Profile Pic
danindenver
Champion Author Denver

Posts:7,555
Points:1,816,485
Joined:May 2005
Message Posted: Jan 19, 2013 4:34:17 AM

"N.G. is the most UNSAFE fuel we have !!!!"

Amplion, have you been listening to NPR again?
I heard that show, over the weekend.
I just don't know where to begin to debunk their scaaaary scare tactics.
It's like some kind of goofy religion.
The people who are telling you this garbage are not your friends.
They don't have the best interests of human beings at heart.
No matter how sincere and distraught they sound, they are still crazy.

What is terrible to these people is that it really might make the USA energy independent and that scares liberals who only want to destroy.
And I'll leave it at that: they only want to destroy.


Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:12,832
Points:2,940,660
Joined:Apr 2005
Message Posted: Jan 19, 2013 3:05:37 AM

obama could help them by supporting the use of Natural Gas in vehicles in America and he would be also be helping the American public in several different ways. Fuel cost, pollution and balance of payments. What kind of a deal is obama getting to not support the Natural Gas and from whom?
Profile Pic
pricewar
Champion Author Ogden

Posts:4,573
Points:873,255
Joined:Jul 2012
Message Posted: Jan 19, 2013 3:00:45 AM

$4 mark a healthy return sounds like greed
Profile Pic
Amplion
Champion Author Oregon

Posts:9,451
Points:2,438,265
Joined:Sep 2005
Message Posted: Jan 19, 2013 2:16:04 AM

N.G. is the most UNSAFE fuel we have !!!!
Profile Pic
iFueler
Champion Author Durham

Posts:74,968
Points:773,250
Joined:Nov 2012
Message Posted: Jan 19, 2013 2:14:21 AM

sapping VALUATIONS sounds like someone wants to make MORE money.........................
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,551
Points:1,341,105
Joined:Oct 2010
Message Posted: Jan 19, 2013 2:11:20 AM

lower lower
Post a reply Back to Topics