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Re: Fureal post# 5941

Wednesday, 08/08/2012 10:54:27 AM

Wednesday, August 08, 2012 10:54:27 AM

Post# of 71458
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:

http://www.progressiverailroading.com/rail_industry_trends/news/Rising-natural-gas-prices-a-good-sign-for-Class-Is-especially-CSX-Qineqt-says--32014

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