Marcellus Shale natural gas production leaped to nearly 4 Bcf/d in just three years, and even though it remains the most economical gas play in Lower 48 states, producers already are moving rigs to more liquids-prone targets, according to Barclays Capital energy analysts.
Diverted
Articles from Diverted
Natural Gas on ‘Back Burner;’ Traders Look Elsewhere
October natural gas drifted lower as traders diverted much of their attention to other markets. Volume was light and spot October was limited to a 6-cent range. At the close October had eased 0.4 cent to $3.701 and November had shaved 1.6 cents to $3.766. November crude oil fell 66 cents to $79.85/bbl while carving out a trading range of more than a $4. The Dow Jones Industrial Average rose 38 points to 10,771.
September 26, 2011
Barclays: Oil Prices to Change Trajectory of Gas Supply
U.S. natural gas prices will begin to move higher in “late 2012” once the impact on supply is felt as more gas rigs continue to be diverted to oil plays, a Barclays Capital analyst said Friday.
July 5, 2011
Barclays: Oil Prices Changing Gas Supply Trajectory
U.S. natural gas prices will begin to move higher in “late 2012” once the impact on supply is felt as more gas rigs continue to be diverted to oil plays, a Barclays Capital analyst said Friday.
July 4, 2011
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