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First -- -- -- back before it was so rudely interrupted by a -- -- satellite thank you for staying with Bruce Vincent from Swift Energy we're talking about the money moving in natural gas and whether that's affecting the way you do business go ahead Bruce.
Well and and what's.
At a higher natural gas prices are improving profitability their -- and economics are increasing cash flow which gives producers more capital to invest in drilling wells.
But what it's not doing.
Is is not high enough yet to cause us to reallocate Kaplan dry gas place.
We have to remember even with a higher natural gas prices today -- still below four dollars and and Syria right now it definitely.
Yeah I was just gonna say liquid natural gas is somebody you guys really been exploring more than a lot of natural gas companies that's that's where the big money -- -- any progress and outline how to.
How investors out there are find a path in.
Absolutely our company for instances -- -- over 95% -- capital budget this year to what we call liquid rich place.
Either oil -- or where you have natural gas but with a significant component of liquids that -- be compensate.
That could be the natural gas liquids within against the propane butane and -- things and you're allocating capital that way because that's -- the better economics are.
And so investors can really look for companies that have significant inventory of liquid rich opportunities.
Because -- making greater profitability on their investments in companies just in a dry gas play.
We just recently had Wilbur Ross on and he is usually so far ahead of the curve right now he -- he told us.
Has these huge natural gas deposits that heretofore was on known about and and he's he's heard about it they have come to him to ask him whether or not.
Drillers US drillers in US explorers could get in the China to try to pull some of that out because they don't they're not familiar with the latest fracking technologies that.
Anything that you would get into.
That would -- in our company would necessarily do but what we are fine and is a lot of companies not just Chinese companies but particularly in Asia.
That are coming to the US invest in the on gas markets in part of it is for strategic reasons to understand have developed the shale rock so they can take that.
And use it in other places internationally in China does have significant shell reserves.
I think there's a lot less known about the quality of the rock in China in different places.
But they're certainly vast potential in China and vast potential in other places in the world for shale development.
Our Bruce finally this is a bugaboo of yours that has been of ours as well regulations over too much regulation their whole new set of regulations are gonna affect your industry.
Coming online in just a couple of days October -- I think it -- -- in mid October just a couple of days from now -- specifically what are they and how will they affect your business.
Yeah the EPA has issued new regulations under the Clean Air Act relating their emissions.
That are effective October 15 so begins next week they're called the quad four.
Transition in and it's an incredibly sweeping set of regulations.
Is going to be incredibly burdensome -- -- administrative standpoint.
And no doubt very expensive and expensive both in terms of manpower and ordered -- monitored but also expensive in terms of the equipment that they're requiring that companies put in their installations.
And one of the things that they've done is -- are aggregating -- -- is now on very very large geographic areas historically facilities would be aggregated.
Based on -- missions that facility is putting out.
But like in our case there were ever an aggregate all of our facilities -- all of Texas and all Louisiana together.
And these regulations haven't been estimated in terms of what the cost is gonna -- industry but it's going to be very very significant.
And more important -- really have -- understand what the benefit there's been no cost benefit analysis.
Before implementing these regulations and so there's a lot of confusion in the industry right now in terms of what.
And how we need to implement things Bruce Vincent Swift Energy president -- always a pleasure -- you please come back and see as soon.
Thanks David gonna --
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