Nitrogen gas and Unconventional oil and gas

Their prices have moved together.

Nitrogen gas (chemical) and Unconventional oil and gas (energy): 1 relationship.

How they are linked

1. Price link: end-use demand

Cost and price · Moderate · Both ways

Nitrogen is pumped into oil and gas wells for fracturing and to keep pressure. The WTI proxy shows little link: monthly moves correlate at 0.04 and yearly moves at 0.30.

• 0.04 monthly change correlation
• 0.30 12-month change correlation
• -0.02 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.