The Cheney/Halliburton loophole (Bush administration 2005) allows O&G companies to inject anything they want into the ground for fracking, with the only exception being diesel fuel. Seems it gives drinking water a bad taste, despite the pretty sheen to the top of the water in your drinking glass.
A decade ago shale layers supplied only 1 percent of America’s natural gas. Today, thanks to fracking, they provide 30 percent.
The only bright spot for NG was this week's smaller extraction from storage of 81 BCF. It's the end of December and Henry Hub Spot is less the $3 - $2.98. Wow!
So, those people who's main concern is steady income better start looking very closely at where their divys/distributions are coming from. There's going to be some NG weighted producers "selling the furniture to pay the rent" to keep up the payouts. Those hedges don't last forever.
Check out the vector on this chart: