Winter is here- almost.  We said the woolly caterpillar showed signs of a brutally cold  winter and if you didn’t believe that today’s price of natural gas at 4.22, about a 20% increase within days should validate it will be a cold winter.  Rising cost of natural gas in spite of the high storage levels reflects that there could be a leveling out of the demand and supply.  The midstream appears to be catching up to the drilling from the past 5+ years which indicates there should be steady and increased drilling especially in the Marcellus and Utica.

Joseph Barone
President
ShaleDirectories.com
610.764.1232

www.shaledirectories.com