Current prices in Utah are $3.80 per mcf or $3800 per mmcf http://www.eia.doe.gov/oog/info/ngw/ngupdate.asp
It should be noted this is NOT the Well Head price which will be closer to $3 per mcf After you take out 15% royalties, pipeline transport fee, cleaning pumping etc... Then there is the cost of water disposal, electricity for running the pumps etc...
When you consider their interest bill is running at $6M+ per year.. do the maths.. They have a lot of work to do..
MAE Price at posting:
3.1¢ Sentiment: Sell Disclosure: Not Held
