Updates
Later, 11:12 p.m. PDT: see first comment. A reader who certainly knows more about natural gas than I do also noted the sharp upturn.
Regarding the gas re-injection rate, many people will be closely observing the trajectory as several significant, underlying factors should be revealed.
The biggest will be just how quickly operators can 'open up the valves' along with the state of midstream efficiencies.
Although I have yet to be able to verify this, the CEO from Cabot said their production increased 3% from 4 Qtr 2017 to 1 Qtr 2018 without bringing a single new well online.
Absolutely remarkable resources they posses in northeast Pennsylvania.
Original Post
Is this the fastest "turn" we've seen in decades with regard to "turning the corner" when it comes to winter/summer natural gas fill? I don't know -- but the curve today seems to be fairly sharp. Nothing subtle here.
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Hubbert Peak Theory. This Wasn't Supposed To Happen.
Sort Of Like The Global Warming Theory
Link.
The Williston Basin and the Permian Basin both peaked some time ago. Now, they are peaking again.
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Connecting the Dots
See graphic above. Now this: Emerge Energy is reporting that frack sand prices are up on record demand and Northern White is sold out.
Link here. I've noticed some operators using some ceramic instead of all sand to frack wells. I used to think there may be a "geologic" reason to use ceramic; it now appears that operators may be using ceramic in some cases to "conserve" Northern White.
Based on what I've seen, there seems to be marginal benefit of using ceramic unless it's cost effective.
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