Oil Prices All the Rage, but what about Natural Gas? - Oil & Gas 360
As oil prices climbed above $100/barrel last year (trading at four times the amount of gas, on a BOE basis), natural gas prices were somewhat of an afterthought. Traders and companies are scrambling in the aftermath of the oil price shock, but the steep downswing is somewhat of an old hat for natural gas-centric companies who survived the decline in the late 2000s. From about 2005 to 2010, gas prices swung... Shaky oil prices are still in search of price stability. But, similar to oil, it is still trying to even out a supply surplus like the one that led to oil’s inevitable decline late last year. Downward Price Pressure Remains Last week, the Energy Information Administration projected natural gas production across all major shale regions will decline for the first time since the inception of its Drilling Productivity Report in October... Source: www.oilandgas360.com
