Natural gas and oil industry executives across Texas, northern Louisiana, and southern New Mexico expect a Henry Hub natural gas price of $7.55/MMBtu and a West Texas Intermediate (WTI) oil price of $108/bbl by the end of this year, according to the Federal Reserve Bank of Dallas.

dallas fed

The Dallas Fed, as it is known, obtained the price projections in its latest energy survey of exploration and production (E&P) and oilfield services (OFS) firms across the Federal Reserve’s three-state Eleventh District, which includes the oil-rich Permian Basin and the gassy Haynesville Shale.

During the June 8-16 survey of 85 E&P firms and 52 OFS companies,  Henry Hub spot prices averaged $8.38 and WTI averaged $119.56.

[Want today’s Henry Hub, Houston Ship Channel and Chicago Citygate prices? © 2023 Natural Gas Intelligence. All rights reserved.

ISSN © 1532-1231  |  ISSN © 2577-9877  | 

Related topics: Dallas Fed Federal Reserve Louisiana ofs Permian Basin Texas

@MVeazey_NGI

email matthew.veazey@naturalgasintel.com