For natural gas, they said 4MMscf/d or 4 million cubic feet per day. At the current $1.94 at the wellhead price per 1000 cf/d and using 4000* $1.9, the revenue per day for the I1 is $7600. WGAS would bring in 1/10 of that or $760 per day. For 350 days per year its right around $250,000 for WGAS in annual revs added to the oil revs.
As was posted yesterday, Chesapeake expects nat/gas prices to rise. The railroad industry does also and they expect more income from coal as energy prices rise:
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.