Buncha freaking nerds.

I have seen GC data required in contracts because I have been responsible for transmitting of the data to customers.

I'm had too many drinks, but to me, this rally proves that O&G has legs and is probably way oversold.

"Fossil fuels" (hate that term) has never had more negativity....and here we are in $3 gas and $60 oil. Not too optimistic of the small and mid cap US Independents, but probably a lot of value to be had in the larger players that haven't gone full renewable ****** (paging BP).

DRE06 said:

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I'm had too many drinks, but to me, this rally proves that O&G has legs and is probably way oversold.

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I think it has another 15 years. Policies for subsidized electric vehicles and solar panels will come, but so will drilling bans. So in the mid term, companies will be able to scale with high oil prices if they have the right land.

I keep reading about wells getting "frozen." I assume this is due to methane hydrates building up in the well? If so, what's temperature range this stuff melts at (I see that it's pressure dependant) and how long does it take to clear a well? Trying to gauge (no pun intended) how long supplies may be impacted... days? Weeks?

for gas wells the hydrates (if there are any) aren't in the wellbore - they're in the surface facilities.

when you get cold ambient temps you just get more stuff freezing up at control valves, etc. which probably trip the wells offline.

for oil wells it's the same, although depending on the oil you also have paraffins to deal with too that like to harden up in the cold. for the crude you need to stay above the WAT, basically, to keep them from forming.

ChemAg15 said:

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I would think atmos has contracts in place and is paying a prenegotiated price for the gas they're supplying you. These are spot prices.

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Following up on this. We've been fortunate enough to have kept our power so far. We have a gas furnace. Curious what im paying Atmos on a MMBTU basis right now. Is there any way to actually know that before the bill arrives?

Boat Shoes said:

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ChemAg15 said:

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I would think atmos has contracts in place and is paying a prenegotiated price for the gas they're supplying you. These are spot prices.

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Following up on this. We've been fortunate enough to have kept our power so far. We have a gas furnace. Curious what im paying Atmos on a MMBTU basis right now. Is there any way to actually know that before the bill arrives?

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Check your last bill to get the total price per CCF (100 cubic feet)

For example, one line on my last bill is
Rider GCR 60.000 @ 0.5868

I used 60 CCF and each one costs $0.59 for the GCR component. Add up all those lines to get the total price per CCF. One CCF is about 0.1 MMBTU. Prices per unit do fluctuate a bit from month to month.

b0ridi said:

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Boat Shoes said:

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ChemAg15 said:

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I would think atmos has contracts in place and is paying a prenegotiated price for the gas they're supplying you. These are spot prices.

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Following up on this. We've been fortunate enough to have kept our power so far. We have a gas furnace. Curious what im paying Atmos on a MMBTU basis right now. Is there any way to actually know that before the bill arrives?

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Check your last bill to get the total price per CCF (100 cubic feet)

For example, one line on my last bill is
Rider GCR 60.000 @ 0.5868

I used 60 CCF and each one costs $0.59 for the GCR component. Add up all those lines to get the total price per CCF. Prices per unit do fluctuate a bit from month to month.

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Thanks but the per unit cost is what Im trying to get at. With natural gas spot prices soaring 1000% or more in some areas, my question is does the consumer see any of that, and if so, how much? Surely Atmos hedges the majority of their anticipated usage but with this being a historic event Im guessing they werent fully covered.

Boat Shoes said:

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b0ridi said:

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Boat Shoes said:

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ChemAg15 said:

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I would think atmos has contracts in place and is paying a prenegotiated price for the gas they're supplying you. These are spot prices.

---

Following up on this. We've been fortunate enough to have kept our power so far. We have a gas furnace. Curious what im paying Atmos on a MMBTU basis right now. Is there any way to actually know that before the bill arrives?

---

Check your last bill to get the total price per CCF (100 cubic feet)

For example, one line on my last bill is
Rider GCR 60.000 @ 0.5868

I used 60 CCF and each one costs $0.59 for the GCR component. Add up all those lines to get the total price per CCF. Prices per unit do fluctuate a bit from month to month.

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Thanks but the per unit cost is what Im trying to get at. With natural gas spot prices soaring 1000% or more in some areas, my question is does the consumer see any of that, and if so, how much? Surely Atmos hedges the majority of their anticipated usage but with this being a historic event Im guessing they werent fully covered.

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Grab a calculator and figure it out! Good luck!

The whole grid feels broken today in phys trading. Next day OGT went for $999, and that's because the online platform wasn't capable of inputting a 4 digit offer.

Boat Shoes said:

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b0ridi said:

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Boat Shoes said:

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ChemAg15 said:

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I would think atmos has contracts in place and is paying a prenegotiated price for the gas they're supplying you. These are spot prices.

---

Following up on this. We've been fortunate enough to have kept our power so far. We have a gas furnace. Curious what im paying Atmos on a MMBTU basis right now. Is there any way to actually know that before the bill arrives?

---

Check your last bill to get the total price per CCF (100 cubic feet)

For example, one line on my last bill is
Rider GCR 60.000 @ 0.5868

I used 60 CCF and each one costs $0.59 for the GCR component. Add up all those lines to get the total price per CCF. Prices per unit do fluctuate a bit from month to month.

---

Thanks but the per unit cost is what Im trying to get at. With natural gas spot prices soaring 1000% or more in some areas, my question is does the consumer see any of that, and if so, how much? Surely Atmos hedges the majority of their anticipated usage but with this being a historic event Im guessing they werent fully covered.

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May vary from state to state, but yes, they can and will pass any additional fuel costs on to you. This is highly dependent on the particular regulatory options available to each company in their jurisdiction. It will aslo likely vary depending on how long they can spread that recovery out.

Their hedges may also be regulated, but as you said, a lot of companies blew right through those hedges last Friday.

What kind of impact will this have? https://www.kvue.com/article/news/local/texas-ercot-power-outage-energy-demand-price-change/269-53ab63e2-8dcf-4485-8b9b-be6ad75316b4

sands said:

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What kind of impact will this have? https://www.kvue.com/article/news/local/texas-ercot-power-outage-energy-demand-price-change/269-53ab63e2-8dcf-4485-8b9b-be6ad75316b4

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Retroactive price increases don't really do much to change past demand. Doesn't seem like a very good way to approach market economics.

HSC is $400/m tomorrow.
OneOk over $900

I'm sure this will make its way to the consumer.

sts7049 said:

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for gas wells the hydrates (if there are any) aren't in the wellbore - they're in the surface facilities.

when you get cold ambient temps you just get more stuff freezing up at control valves, etc. which probably trip the wells offline.

for oil wells it's the same, although depending on the oil you also have paraffins to deal with too that like to harden up in the cold. for the crude you need to stay above the WAT, basically, to keep them from forming.

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The freezing problems for control valves are much more for gas. Rule of thumb is that every 100 psi you cut you lose 7 degrees F. If the pressure cut is high enough you can have freezing problems when it's 80 degrees outside.

The phenomenon that causes the temperature drop with gases has an opposite effect on most liquids, so ambient is a much bigger problem for liquids.

Any of y'all dealing with freezing equipment my company makes heaters that deal with this so let me know and we can get you unfrozen and running again.


FWIW the rumor is a lot of the electrical problems are due to freezing gas instrumentation in power plants. Any time you're flowing cold gas across any orifice you're likely to get freezing problems. Temps are probably just well below any design considerations at the gas plants.

It's called the joule Thomson effect. Same phenomenon as compressed air, only exacerbated by the low temps and moisture in the gas.

Don't know how accurate this is.

https://www.businesswire.com/news/home/20210217005332/en/Energy-Transfer-to-Acquire-Enable-Midstream-in-7-Billion-All-Equity-Transaction

ET acquiring Enable

Lol. For all that crappy midcon buildout

Does anyone have an alternative to Platt's gas daily?

Comeby! said:

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Does anyone have an alternative to Platt's gas daily?

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For what?

someone trying to see what they;re getting on gas daily gas sales.

Exactly. Need more transparency in our gas pricing for certain markets. Our marketer is our counterparty in a few areas.

Quote:

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Temps are probably just well below any design considerations at the gas plants.

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Temps are well within typical temperature ranges, but are exposing yet one more symptom of our society's unwillingness to pay the true cost of extracting gas from the ground.

Comeby! said:

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Exactly. Need more transparency in our gas pricing for certain markets. Our marketer is our counterparty in a few areas.

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You know very well that you can't get access to Platt's unless you pay to do so. Don't sell gas at GDA if you're not willing to buy their subscription. Otherwise wear the risk of selling against Hub or at fixed price.

Do you care to elaborate? I'm genuinely curious. Is your marketer buying contracts and selling physical delivery? They could potentially be selling your gas at a premium compared to their own product?

Bibendum 86 said:

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Comeby! said:

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Exactly. Need more transparency in our gas pricing for certain markets. Our marketer is our counterparty in a few areas.

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You know very well that you can't get access to Platt's unless you pay to do so. Don't sell gas at GDA if you're not willing to buy their subscription. Otherwise wear the risk of selling against Hub or at fixed price.

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I don't want bootleg Platts. Go back and read. I wonder if there's an index that tracks platts or a larger service that provides a subset of platts. At one time there was a service that included some basic platts products.