Besides dealing with a 70% price drop in natural gas prices over the past six months, developers in the Barnett Shale have another headache on their hands--liquefied natural gas (LNG) imports.
Peter Gorman over at the "Ft. Worth Weekly" has a terrific article this week about the price competition from imported LNG, which is being shipped to the new Sabine Pass LNG terminal.
http://www.fwweekly.com/content.asp?article=7552
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Maybe they will sue the world for participating in a global marketplace. Suck foreign energy reserves dry at cheaper prices AND keep them out of local communities, now that sounds like a WIN-WIN if I've ever heard one.
From the upcoming agenda: Item 13 on the consent agenda for April 6th. "Consider approval of a Road Maintenance Agreement for the gas well permit...in the amount of $49,507.00 for the Bob Smith gas well....for Williams Production-Gulf Coast..to provide funds in advance should gas well operations on the property create a need for road repair...." My question is this, who is providing the funds in advance, does anyone know?
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