Does anyone have any idea what the price of natural gas has to be before the gas company drilling the well?

and pumping the gas is making money?

I know the wellhead price has to be at a certain level otherwise the gas company is losing money

2 Responses to “Does anyone have any idea what the price of natural gas has to be before the gas company drilling the well?”

  1. billrussell42 Says:

    You can’t get a definite answer for this.

    It varies from well to well and from company to company, over a very wide range.

    .

  2. oil field trash Says:

    The cost of wells varies a great deal as does the price of natural gas. Most wells are drilled based on the likelihood of there being gas in the reservoir not the exact price of the gas. The presence of gas in the reservoir is a much bigger risk than the exact price of natural gas.