APP Basin
There is so much stupid stuff being said by internet "experts," on the Marcellus and the Appalachian Basin, in general, it requires clarification. These experts have no access to realized data so they are hoping to bull shit you with self-promoting data from any source they can find that confirms their belief system.
Cum prods., regardless of what these experts say, are less than 7 BCF. The data sources I have access to suggest 24-36 month well productivity in the APP Basin is falling, most certainly from interference and ensuing pressure depletion.
These dry gas wells struggle to make money at <$1.50 per MMBTU, after all royalty, full cycle corporate costs, OPEX and transportation/processing, rental, compression, dehydration, etc. etc. costs are deducted.
Please don't buy the dung heap; multiplying daily production by NYMEX Henry Hub prices or converting dry gas to BOE equivalents to suggest gas is equal to MMBO...that should be an insult to your intelligence It does not work that way.
EQT is the biggest dry gas producer in the APP Basin at 5.5 BCGPD. It is $7.5 billion, with a B, in long term debt. Net debt is irrelevant, IMO.
Mr Shellman,
I agree exporting US oil and natural gas resources seems to be a very bad idea. I imagine natural gas will start to run short within 5 years so that LNG expoters will find they have stranded assets which is unfortunate. The only reason I try to estimate EUR per lateral foot is to show that well productivity per lateral foot completed may be decreasing rather than increasing in the Marcellus shale gas play.