| “Supersize” Fracking Could Keep Natural Gas Prices Low For Years | |
| | |
|
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 $2.50/MMBtu. Again, it is a little early to speculate, but if massive volumes of gas could be produced at consistently low prices, the impact would ripple across other sectors. The electric power sector would shift more rapidly away from coal and towards natural gas. The petrochemical industry would receive an enormous boost, keeping costs low for fertilizers, plastics, and other industrial materials and processes. LNG exporters from the U.S. would expand export capacity, pushing down LNG prices in certain markets and offering up stiffer competition to other LNG producers around the world. It’s still early days, but keep an eye on this one. By Charles Kennedy of Oilprice.com More Top Reads From Oilprice.com:
|
|
|
Comstock Resources Inc.
|
|
EXPLORATEUR |
CODE : CRK |
ISIN : US2057682039 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Comstock Res. est une société développant des projet miniers de pétrole et de gaz basée aux Etats-Unis D'Amerique. Son principal projet en exploration est CHAMIZAL au Mexique. Comstock Res. est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 166,8 millions US$ (155,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 03 juillet 2008 à 90,61 US$, et son plus bas niveau récent le 27 mai 2016 à 0,55 US$. Comstock Res. possède 16 166 564 actions en circulation. |