Oil and gas executives in the Rockies and Midcontinent have downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City.
The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas activity in the Tenth Federal Reserve District. The district encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico.
Respondents, on average, forecasted Henry Hub prices of $5.01, $5.52, $5.78 and $6.19/MMBtu for six months, one year, two years and five years from now, respectively.
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