It seems to be very quiet in the Natural Gas exploration field. I haven't received a Lease request in this county for a long time. What happened?
Gas prices are awful and it's very expensive to drill, connect to pipelines etc.
Ann Whitchurch said:
Gas prices are awful and it's very expensive to drill, connect to pipelines etc.
True but I've still seen lease requests even in down markets. Besides, it makes sense to be drilling now so you can bring your gas to market when prices do turn around. Otherwise, you risk the possibility of bringing your gas to market when prices have dropped again.