*****************************
Back to the Bakken
WTI: $95.29. Nice.
Natural gas: $9.362.
Active rigs: 46.
Thursday, August 25, 2022: 17 for the month, 48 for the quarter, 387 for the year
- 38368, conf, CLR, Fuller Federal 2-2HSL1,
- 38005, conf, Hess, CA-E Burdick-155-95-2932H-6,
- 36641, conf, Hess, BL-S Ramberg-155-95-0601H-6,
RBN Energy: Canadian natural gas prices experience another collapse, record discounts.
We’ve seen this movie one too many times. Just when natural gas prices are rallying across the world to multi-year or historic highs, another monkey wrench gets thrown into the workings of the Western Canadian gas market, imploding its suite of price markers. Last week, gas prices in Western Canada collapsed to mere pennies and even went negative for a time due to an unfortunate combination of pipeline restrictions and record-high production — a situation that will cost the region’s gas industry billions if left unchecked. In today’s RBN blog, we examine the root cause of the latest price collapse and when a turnaround might be expected.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.