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Timothy Smith

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Timothy Smith

Re: vero post# 654

Thursday, 07/12/2012 7:57:08 PM

Thursday, July 12, 2012 7:57:08 PM

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Vero it is hard to say exactly what the break even is for GSX as I haven't evaluated their holdings or related expenses close enough however there is some general comparisons to consider.

The cost benefits of NGLs in the shale production process have reduced the break-even price point for natural gas producers because NGLs are stripped away, priced in conjunction with crude oil prices, and then sold independently of the natural gas.

Liquid-rich regions of the Marcellus Shale region can be profitable even when the price of natural gas is near $3 per MMBtu.

Similarly, the Eagle Ford Shale, which is considered one of the most liquid-rich plays in the nation, has an estimated break-even price point for natural gas that is below $2 per MMBtu.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

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