Natural gas prices could reach $3.00-3.50/MMBtu in 2017, with the higher prices needed to stimulate an exploration and production (E&P) response from legacy shale plays, according to Damien Courvalin, global head of energy research for Goldman Sachs.
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NatGas Could Hit $3.50 in 1H2017, Spur Recovery in Legacy Drilling, Goldman Analyst Says
A cyclical recovery in legacy shale drilling will be needed to balance the market beginning in 2017, pointing to natural gas prices of $3.00-3.50/MMBtu to stimulate exploration and production (E&P) activity, according to Damien Courvalin, global head of energy research for Goldman Sachs.
June 14, 2016