It must be hard to sell gas from wells for $1.11 per MMbtu. I wouldn't do it, but I had the sort of reservoirs we could shut in and open them up in winter, peak demand/price months. And I wasn't $6 b in long term debt at an average interest rate of 5.35% nor did I have dividends to pay and most certainly did not have to produce valuable hydrocarbon resources to pay myself $16MM a year in compensation, like Toby Rice. Debt makes you do stupid things you would never otherwise do if you simply operated within net cash flow.

Condensate yield in barrels per million cubic feet is the vertical axis and condensate production is the horizontal axis. Condensate yield is down 29% from its peak. Either drier fields are being brought online or there is retrograde condensation of liquids in the reservoir as the pressure drops. It is more likely the latter. Condensate production is down 20% from its peak. The peak is in for District 8.

Gas production peaked a year ago.