Seeking Alpha
  • Stone Fox Capital
    With nat gas futures mostly over $4, will E&P companies re-start drilling for nat gas? Rig count down over 50% from last year. $CJES $NES
    10/11/12
    Reply (5)
    • Bob de'Long: Dry gas rig count is down 53%; but oil rig count is up. Oil drilling produces huge amounts of gas. Answer is "no." Oil is it.
      10/11/12
    • Bob de'Long: Richard Zeits has a 3-part SA article dedicated to answering your question. Here is part 1: http://bit.ly/W8NcFD
      10/11/12
    • Energysystems: No reason to add rigs at this price.
      10/11/12
    • Mike Maher: Look @ presentations from MHR about wet gas in the Marcellus. W/ new processing plants producers make 40%+ returns with prices here
      10/11/12
    • Ocean Man: Don't need to drill, just stop flaring what comes up w/ oil. The amount currently flared is enough to power the 6 largest cities in America.
      10/12/12