Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don’t expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City.

The survey gauges current and expected oil and gas activity levels in the Tenth Federal Reserve District, as well as expectations for oil and natural gas prices. 

The Tenth District includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming, along with 43 counties in western Missouri and 14 counties in northern New Mexico. 

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