# Nitrogen gas and Unconventional oil and gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/nitrogen-gas-and-unconventional-oil-and-gas/

[Nitrogen gas](https://www.materialinsights.org/chemicals/nitrogen_gas/) (chemical) and [Unconventional oil and gas](https://www.materialinsights.org/energy/e_oil_gas_unconv/) (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.