Dec. 4 at 8:37 PM
$WTI Not sure how we netted
$3.68 for natural gas in Q3 with the prices as low as they were, but prices in Q4 are dramatically higher, and so we could potentially see a pretty high rate of increase in our
$37M of Q3 NG revenue. Hard to guess with the derivative situation in Q3, the sales premiums, and the state of production changes.
If I had to venture a wild guess, I'd say maybe we could see upwards of
$50-55M in NG revenue in Q4 (maybe a dime per share of additional revenue?). All things equal, that would put us in the black for the quarter (assuming no other one-off big write-offs like we saw in Q3).
Good luck to us.