The Rising Influence of Rising Affluence

[OakesCS]

Nat Gas Sutherlin comments

other factor for natural gas is that the depletion rates on the natural gas wells, particularly the new Shale plays that the depletion rates are dramatically fast. 18 months is a typical average Shale. And the drilling part of it – I still have a connection to the oil and gas drilling business in one of the boards I am on and in that industry, it still is a rule of thumb that no one is starting drilling programs with natural gas prices below $7.

everything i've quoted above is either flat out wrong or very misleading. Probably why Tesco is only a $300M O&G service company (when most are multi-billion $ companies).

http://www.slb.com/media/services/solutions/reservoir/shale_gas.pdf