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U.S. natural gas prices would need to rebound to $5.50/MMBtu or higher, or coal-to-gas switching “is here to stay,” according to a report by Tudor, Pickering, Holt & Co. Inc. (TPH).

U.S. natural gas prices would need to rebound to $5.50/MMBtu or higher, or coal-to-gas switching “is here to stay,” according to a report by Tudor, Pickering, Holt & Co. Inc. (TPH).

NGI’s Shale Price Indices in Tuesday’s issue (No. 115) incorrectly reflected deals done Friday March 18 for gas delivery March 19 through March 21. The correct indices for deals done March 21 for March 22 delivery are attached and the issue’s pdf has been updated. ( click here for revised pdf )

BP plc’s 3Q2009 profits were down by more than a third from a year ago, but cost-cutting measures implemented two years ago by the oil major are paying dividends. Costs are projected to fall by $4 billion this year from 2008, which is $1 billion more than the producer forecast in June.

Liquefied natural gas (LNG) cargoes generally do not avoid the U.S. market when gas prices here are low, according to analysts at Barclays Capital, who offer a list of other factors that drive LNG movement to the United States far more than price.

Liquefied natural gas (LNG) cargoes generally do not avoid the U.S. market when gas prices here are low, according to analysts at Barclays Capital, who offer a list of other factors that drive LNG movement to the United States far more than price.

Higher costs and a sustained drop in natural gas prices appear likely to continue into 2008, forcing some of the largest producers in Western Canada to cut their capital budgets and leading more of the smaller gas-heavy independents to sell assets or consolidate, energy executives said at a conference in Toronto.

For the longest time it seemed that natural gas prices hovered around $2-3 with a spike here and there. Now the range is $5-10. Oh, how times have changed. Speakers at GasMart 2007 in Chicago last week remembered the old days, briefly, while they advised attendees on how to deal with the new era of prices.

For the longest time it seemed that natural gas prices hovered around $2-3 with a spike here and there. Now the range is $5-10. Oh, how times have changed. Speakers at GasMart 2007 in Chicago Thursday remembered the old days, briefly, while they advised attendees on how to deal with the new era of prices.