PNG LNG doesn't need gas

[Palm]

Correct STP. A paper from this spring discusses these wells in Barnett and as the author states it's too early to make an overall assessment, but one thing is for sure; NG prices must go up to justify the cost of development and it needs to be in the $5-$6 range. And the outputs will be judged by formations (which are huge), not necessarily each well. At those higher gas prices and with increases in drilling methods it's expected that Barnett, Baakan, Marcellus, Utica will be good producers for many many years.