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Mr. Fischer, the Houston analyst, calculates Burlington's offer at the equivalent of $1.66 per thousand cubic feet of Canadian Hunter reserves, plus 43 cents in operating expenses, putting the total not far below prevailing gas prices of $2 to $2.50 per thousand feet.
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In other words, you should allow for a drop of one foot per every hundred feet of drainage (roughly one inch per ten feet of run).
Typical handrail post spacing lay on 8 foot (2.4 meters) centers, so you will need one post per eight feet (2.4 meters) of protected length.
The latest bill proposes a volume tax that increases with the price of natural gas from 2 cents per thousand cubic feet to 3.5 cents per thousand cubic feet.
A fee of $50 per thousand board feet is charged on the next 650 million board feet of lumber above that threshold.
Jarvis spends $1.65 per thousand cubic feet to find the most promising 40 wells to drill each year and only 25 cents per thousand cubic feet to lift it.
This means Range can profitably drill its reserves (3.1 trillion cubic feet proved) even if natural gas prices were to slump nearly 50% to $3 per thousand cubic feet.
For gas, find the price per thousand cubic feet.
Its price also soared, from $2 per thousand cubic feet to $13.
They closed at $6.86 per thousand cubic feet yesterday in New York.
Natural gas prices have also tumbled since their summer peak of $13.58 per thousand cubic feet.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com