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Msg  99996 of 115585  at  8/30/2012 10:34:09 AM  by

rdesroch


 In response to msg 99995 by  Land_Lubber
ignore topicview thread,  thread start

Re: T. BOONE PICKENS SEES NATGAS AT $4 BY END OF YEAR

<I'm personally expecting production increases durung the Oct-Dec period due to tie-ins and new pipeline capacity coming online, including the culmination of completions and gathering line extension work that took place over the summer.>

This the one wild cards ECA had in their bottoms up analysis of where production is headed.

Kind of a race between the decline curves vs fresh new supply.

The decline rate in the US is 20 bcfd/yr, with about 7 bcfd increase coming from associated gas and NGL drilling. Thaking these out the decline rate is about 1 bcfd/Month.

Dry gas driling has not gone to 0 with something like 450 rigs still drilling.


 
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