Billings

Does today’s gas market remind you at all of 2001? If you’re an energy analyst at Friedman, Billings, Ramsey & Co. (FBR) it does. In a research note last week, a trio of FBR analysts enumerate exactly how the current market is like 2001, and how it’s not.

Does today’s gas market remind you at all of 2001? If you’re an energy analyst at Friedman, Billings, Ramsey & Co. (FBR) it does. In a new research note, a trio of FBR analysts enumerate exactly how the current market is like 2001, and how it’s not.

Consultants at Freedman Billings Ramsey (FBR) in Northern Virginia see only a slight increase in drilling and gas production as a result of the proposal released last week by the Mineral Management Service (MMS) to reduce royalties on deep shelf Gulf of Mexico gas production (see Daily GPI, March 27).

Consultants at Freedman Billings Ramsey (FBR) in Northern Virginia see only a slight increase in drilling and gas production as a result of the proposal released last week by the Minerals Management Service (MMS) to reduce royalties on deep shelf Gulf of Mexico gas production (see Daily GPI, March 27).

Consultants at Friedman Billings Ramsey (FBR) have raised their natural gas price forecasts for 2003, 2004 and 2005 based on the conclusion that total natural gas supply will fall about 3.6 Bcf/d short of demand by 2005. FBR concludes that amount of demand will have to be priced out of the market, and the industrial sector will suffer the most.

Consultants at Friedman Billings Ramsey (FBR) have raised their natural gas price forecasts for 2003, 2004 and 2005 based on the conclusion that total natural gas supply will fall about 3.6 Bcf/d short of demand by 2005. FBR concludes that amount of demand will have to be priced out of the market, and the industrial sector will suffer the most.

The Department of Energy (DOE) announced last week it will funda Billings, MT, company’s proposal to further refine and test acoal-based filtering product that could remove the impurities inthe water produced by stripper gas wells, thereby greatly reducingwaste-water disposal costs for producers and royalty owners. In theend, the DOE believes the product has the potential tosignificantly prolong the life of the thousands of stripper gaswells in the United States.

The Department of Energy (DOE) announced it will fund aBillings, MT, company’s proposal to further refine and test acoal-based filtering product that could remove the impurities inthe water produced by stripper gas wells, thereby greatly reducingwaste-water disposal costs for producers and royalty owners. In theend, the DOE believes the product has the potential tosignificantly prolong the life of the thousands of stripper gaswells in the United States.

Friedman, Billings, Ramsey & Co. Inc. initiated coverage ofHS Resources with a “buy” rating and a 12-month price target of $30based on expectations for strong summer gas prices. In a 16-pageresearch report, FBR senior research analyst David Khani identifiedHS as the dominant oil and gas producer in the Denver-Julesberg(D-J) Basin.