49 comments on US Natural Gas - May 09
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49 comments on US Natural Gas - May 09
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Here's an up-to-date graph of the NG rig count, from Baker Hughes data:
Got parachute? Hope in a year or two those boys are ready to multi stage frac like there's no tomorrow.
I related the other day how Morgan Downey said in Oil 101 that during periods of contango in crude one of the cures for the ascending forward curve is to build more storage - facilities, that is, I'm pretty certain he doesn't mean build inventory. Have to ask Morgan about that sometime, or perhaps he'll see this and elaborate.
We will have to ask him.
It seems like additional storage for crude could be added a lot more cheaply and quickly than additional storage for natural gas. If nothing else, the minimum addition would seem to be pretty big for natural gas.