Read this:
http://seekingalpha.com/article/1964381 ... urce=yahoo
The Marcellus Shale is the only gas shale play where there is meaningful supply growth. The market is expecting a lot of natural gas coming on-line in the Eagle Ford this year.
My take is that it will take $6.00/mcf before we see any capital allocated to the dry gas shale plays (Haynesville, Barnett and Fayetteville).
Natural Gas Production may be peaking
Natural Gas Production may be peaking
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group