pacito

Natural Gas & Wind Power - The Pickens Plan

Chesapeake is going to plummet. Simple reason for that: They are on the verge of experiencing Peak production. Just have a look at the numbers of Texas Railroad Commission.
Statewide monthly gas well gas production for Chesapeake Operating:
Oct 07 32.9 Nov 07 31.5 Dec 07 31.1 Jan 08 29.9 Feb 08 27.4 Mar 08 27.8 Apr 08 25.7 May 08 25.1
So, production plummeted by 24% within 8 months. Within these 8 months NG prices surged from 6.17 (Q3 2007) to 11.34 (Q2 2008).
Also: According to Texas RRC, output from the Barnett Shale peaked in Dec 07 with 3.07 BCF and declined to 2.61 BCF (May 08) so far.
Shale NG is hot air, just declining too much.