I got a letter the other day from a small company possibly wanting to drill a horizontal in Sutton county so there are a few poking around outside of the Permian. Don’t know that it will happen but it has been a long time since anything was drilled around there. Keep your fingers crossed!

I leased during the peak to eog for a tasty number and then things crashed and to my knowledge they never even set foot on property.

Yeah that happens. We had Parsley doing deep rights about 9 years ago. Drilled 4 and then extended the lease for a nice bonus again right before the price dropped and BOOM……..they gone. Never did another thing. It happens. Take the money and go fishing!

Actually you can thank the over abundance of natural gas produced as a by product of oil production for that. We produce more natural gas than they know what to do with. If the formation around you had more recoverable oil instead of primarily gas they would be drilling.

Pedo Joe killed our exportation of Natty Gas, which is obviously impacting supply.

Oh really? When? For the record I am not and never will be a Biden supporter but the data is what it is.

If you can’t see the correlation in price reduction since his announcement, then I don’t know how to explain it to you. It’s really not that hard.

So were they drilling your area when gas was over $9 MMbtu? The gas market is volatile and the price has been dropping since 2023. COVID and war upset things for a while and prices went nuts. More production has come into the fold over that time as well. We are already the worlds biggest natural gas exporter and their announcement in January targets future expansion not current exportation. Gas is cheap because there is ample supply.

Biden's EPA just announced plans for a new regulation targeting transformers. It's a "climate crisis" regulation and the administration claims it will cut costs and save consumers money.

If you are stupid enough to believe the way to make anything more affordable is more government regulation, the Democrat Socialist Party of Biden and AOC is probably a great place for you.

The price drop looks suspicious but it still does not take away from the fact that his EO did not stop approved projects or current exports. I read about it then and just went and looked now and several articles from Marketwatch, AP, Oilprice and US News. They say the same thing now as they said then.
It does not pause exports. It does not pause several export projects that are under construction. It pauses projects that are still in the planning stages. Those projects usually take 4 years from start of construction to completion.

A possible answer to the evidence you posed is that natural gas is oversupplied so its cheap. It spiked after the 2022 invasion and then again that summer but since August 2022 till the announcement, it fell from $9.34 to around $2.71. Since then its dropped to $1.84 today.
Another clue is looking at the same period last year. It fell from $3.07 to $2.11 (1/26/2023-4/4/2023).

I'm that stupid evidently. Do you have an old AC unit? Compare it to a new one and see for yourself.

Is this the thing you call bad? It sounds in this article like the industry is at least mildly supportive of it and believes it will improve efficiency. The feds say they listened and loosened the initial proposal.
https://www.washingtonexaminer.com/...for-grid-transformers-in-new-final-rule/

When you have more than you need…….prices drop. Things dropped and normalized some around 2006/2007. That’s your shale revolution showing up in the gas plays. Lots of ups and downs and lows in those 25 years there. Welcome to the gas market. Current gas storage is almost 40% above normal this time of year after a mild winter and warm spring and people wonder why prices are low.

What we have here on this one thread are two commodities.
Oil/gasoline and natural gas. If you'll notice it seems like a lot of the same people who are mad that gasoline is high are the same ones who are mad that natural gas is low.

The connection? Blame Biden, IMO.

Louis Finkel, the "industry" representative quoted in your linked article, is a member of the Biden administration. How surprising that he would agree that this regulation will be good for the industry and consumers.

As for my AC unit, it will cost me somewhere between $11K and 14K to replace it, depending on the unit I choose. Considering our average monthly electric bill is around $250...$3,000 per year...how long will it take me to recoup the initial cash outlay? And, at the end of that time, won't I probably be in the market for a new unit?

How is replacing equipment and infrastructure going to save any of us money?

hey pillowbiter are you a commodities expert as well ?