Gas from undeveloped fields are exempt. Also out of 289 contracts signed in 2021 for 2023 all were under $12 - averaging in the $9's and still obviously highly profitable.
Down side is international investors will be skittish dealing with our peanut politicians.
strangest thing about all of this is where are the restrictions on what retailers are able to sell the wholesale gas to mums and dads?
But seems ultimately a storm in a tea cup for COI as the market indicated on Thursday and Friday when most had an indication of where it was headed and yet we went up on decent volume.
looking forward to more details on the GSA with Cleanco and contingent in the east.
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(20min delay)