$VelocityShares 3x Long Natural Gas ETN(UGAZ)$ 2015年想從UGAZ退休。夢難圓！！
• Applying newer fracking techniques to the prolific Haynesville Shale natural gas region that straddles Louisiana and Texas could give the U.S. more and cheaper gas supplies for many years, WSJ reports.
• Experimental wells by explorers including Comstock Resources (NYSE:CRK) and Chesapeake Energy (NYSE:CHK) are proving highly profitable even at today’s depressed prices because of the sheer volume of fossil fuels that can be coaxed out of the ground.
• The results so far have been confined to a small area in a single Louisiana parish near the Texas border, but if the approach works across the entire Haynesville Shale, which spans 120 miles across both states, the era of low U.S. nat gas prices could continue for decades, experts say.
• The costs of fracking wells have fallen in the past year, especially in the Haynesville, the second-largest U.S. gas deposit behind the Marcellus.
• CRK says it could get a 30% return on its new wells even with gas at $2.50/MMBtu, and plans to drill more wells in the Haynesville than it will in the oily Eagle Ford Shale in south Texas.
• ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG