Stories tagged with "Johnson Rice"

Natural Gas Supply and Demand Balance

Posted by Nate Hagens on March 30, 2009 - 10:56am
Topic: Supply/Production
Tags: johnson rice, natural gas [list all tags]

The following is a guest post by Jon Friese who has formatted, with comments, excerpts from an excellent recent report by energy research firm Johnson Rice and Co. The post highlights graphically the fact that our natural gas feast or famine due to marginal unit pricing and focus on short term earnings/reserves is currently in the 'feast' stage. When we re-enter NG famine cycle depends on industrial demand, LNG imports and the depth of the coming production decline. Right now, a great deal of our natural gas resource is uneconomic to drill. Thanks to Jon, and the research folks at Johnson Rice.



Shale directed drilling rig count
Source: Johnson Rice & Company
-Click to Enlarge

Johnson Rice & Company (JRCO) was kind enough to provide their analysis of the current natural gas price situation. They are predicting a possible rebound in prices in late 2009, depending on the multiple factors they lay out in their analysis. We look into the details below the fold.
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