Oil and gas executives in the Rocky Mountain and Midcontinent regions no longer expect the Henry Hub natural gas price to surpass $4/MMBtu at any point in the next five years, according to the Federal Reserve Bank of Kansas City.
The Kansas City Fed conducts quarterly surveys to gauge current and expected drilling activity in the Tenth Federal Reserve District, as well as expectations for natural gas and oil prices. The district includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming, as well as 43 counties in western Missouri and 14 counties in northern New Mexico.
For the fourth quarter 2023 survey, conducted between Dec. 15, 2023 and Jan. 3, 2024, executives were asked to predict the Henry Hub price in six months, one year, two years and five years. The average responses...
