Shale Gas For Sale

Shale gas will kill the Alaska Gas Pipeline - If I had a nickel for every time I heard that...
The new mantra of the shale gas business is "NGL" or natural gas liquids, i.e. propane and light paraffins. I've posted a lot of news releases from Chesapeake outlining their plans to edge away from dry shale gas plays and move into liquid rich plays. Apparently all shale gas plays are not created equal.

That trend is firming up with news that Range Resources is selling it positions in the Barnett Shale (LINK).

Range Resources said Wednesday that it will sell all its holdings in the Barnett Shale and use the cash to invest in more profitable ventures elsewhere.

From the Range website: "The general consensus was that pricing is currently too low to be sustainable."

Long term outlook - Shale gas will continue to play a part in the fossil fuel mix, but it's not the only game in town. Even the Shale Gas guys think it's too cheap.