supplies of natural gas dropped 230 billion cubic feet for the week ended Jan. 24

SAN FRANCISCO (MarketWatch) -- Natural-gas futures on Thursday pared some losses after the U.S. Energy Information Administration reported that supplies of natural gas dropped 230 billion cubic feet for the week ended Jan. 24. The drop was within market expectations as analysts surveyed by Platts forecast a decline of between 228 billion cubic feet and 232 billion cubic feet. Total stocks now stand at 2.193 trillion cubic feet, down 637 billion cubic feet from a year ago and 437 billion cubic feet below the five-year average, the government said. March natural gas NGH14 -6.02% was at $5.20 per million British thermal units, down 27 cents, or 4.9%. It was trading at $5.13 before the data. 

Views: 302

Reply to This

Replies to This Discussion

WILL THEY PUT LARGER CHOKES ON THE WELL HEADS TO INCREASE PRODUCTION TO REGAIN THE SUPPLY FOR NEXT WINTER?

David, the chokes currently on Haynesville Shale wells are adjustable.  However the choke setting is not normally adjusted because the operator wants more or less gas to flow.  It is adjusted to maintain formation pressure as long as possible.  As the pressure decreases, the choke is opened to a wider orifice.  Of course an operator may completely shut in a well for a number of reasons.  When operators want more gas they will drill more wells.

THANK YOU SKIP!

This Jan. average (22.2 degrees) was not the coldest in Pittsburgh history.  But what may surprise many is that it was only tied for the 3rd coldest in the last 11 years.  2003 & 2009 were colder and this year tied 2004.  I remember the 70s being cold (average for Jan. 28.4), the record was 1977 when the average was 11.4 degrees.  It shows we are better at remembering extremes than averages.

http://www.post-gazette.com/local/region/2014/02/01/January-didn-t-...

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service