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Related: Global Demand Picture For Natural Gas Looks Increasingly Sour Supersizing fracking operations would allow companies to be profitable producers of shale gas even at the incredibly low prices exhibited in today’s marketplace – below $3 per million Btu (MMBtu). Comstock Resources says it can earn an 8 percent return on gas produced from these wells even when prices are at $2.50/MMBtu. Again, it is a little early to speculate, but if massive volumes of gas could be produced at consistently low prices, the impact would ripple across other sectors. The electric power sector would shift more rapidly away from coal and towards natural gas. The petrochemical industry would receive an enormous boost, keeping costs low for fertilizers, plastics, and other industrial materials and processes. LNG exporters from the U.S. would expand export capacity, pushing down LNG prices in certain markets and offering up stiffer competition to other LNG producers around the world. It’s still early days, but keep an eye on this one. By Charles Kennedy of Oilprice.com More Top Reads From Oilprice.com:
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Comstock Resources Inc.
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EXPLORATION STAGE |
CODE : CRK |
ISIN : US2057682039 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Comstock Res. is a oil and natural gas development stage company based in United states of america. Its main exploration property is CHAMIZAL in Mexico. Comstock Res. is listed in Germany and in United States of America. Its market capitalisation is US$ 149.6 millions as of today (€ 131.1 millions). Its stock quote reached its highest recent level on July 03, 2008 at US$ 90.61, and its lowest recent point on May 27, 2016 at US$ 0.55. Comstock Res. has 16 166 564 shares outstanding. |