XCO

A Contrarian View on Natural Gas- will efficiency in drilling trump reduction in rig count?

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Just how much natural gas is available in the U.S. market is a subject of intense analysis and controversial debate.  In December, the prestigious scientific journal, Nature published an article, Natural gas: The fracking fallacy. The gist of the article was that The United States is banking on decades of abundant natural gas to power its economic resurgence. That may be wishful thinking.  From our perspective, this may be a solid  trading opportunity as natural gas is trading at the lowest price in 15 years and several factors may be converging to reverse this secular decline in price when most pundits are least expecting it. Natural … Read more

In North Dakota, Flames of Wasted Natural Gas Light the Prairie

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In North Dakota, Flames of Wasted Natural Gas Light the Prairie By CLIFFORD KRAUSS 10:08 PM ET About 30 percent of the natural gas produced in North Dakota is burned as waste. Executives say they cannot afford to capture all the gas for now. via Business and Financial News – The New York Times.   It’s really a crime that this country burns off natural gas because we have no national energy policy to promote its use instead of importing foreign crude oil.  The jobs it could create building infrastructure, refitting vehicles, and extracting are estimated to be in the … Read more