Just a few years ago, gas was being sold for $1 and $1.50 per thousand cubic feet
, or mcf.
The average wellhead price of natural gas was $2.95 per thousand cubic feet
(Mcf) in 2002--a decline of more than $1 from 2001.
Assuming an average WTI oil price of $53 per barrel and a Henry Hub natural gas price of $2.80 per thousand cubic feet
, the company's 2019 upstream plan will be "cash flow neutral," defined as cash flow from operations before working capital changes, minus upstream capital expenditures and dividend payments.
Spot prices for liquefied natural gas are about $8.50 per thousand cubic feet
now, but will likely drop to $8 per mcf as winter demand declines, Ripple said.
According to the company, the budget is based on realized prices for the year averaging USD90.08 per barrel of oil, USD29.45 per barrel of natural gas liquids and USD3.77 per thousand cubic feet
of natural gas.
consumers, by state, 2011-2013 (dollars per thousand cubic feet
Wet gas contains natural gas liquids (NGL) which effectively add ~ US$2.50 per thousand cubic feet
(mcf) to the received gas price (currently ~US$2.30/mcf).
Presently, the facility produces around 30 thousand cubic feet
of natural gas per day through five wells.
Goodrich Petroleum posted a narrower second quarter loss of $1.02 per share, as production volumes rose 22 per cent and lease operating expenses per thousand cubic feet
equivalent (mcfe) fell 25 per cent.
In February, the American Gas Foundation published a report (Natural Gas Outlook to 2020) that said wholesale natural gas prices could reach $13 per thousand cubic feet
by 2020 unless elected officials and business interests did not immediately address critical issues that significantly affect the availability and price of natural gas, such as diversifying the mix of fuels used to generate electricity and increasing producers' access to fresh natural gas supplies.
The mean (arithmetic average) price difference is 31.6 cents per thousand cubic feet
, and the median value is 23.6 cents per thousand cubic feet