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).
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National Oilwell Varco Sees Strong Demand for Equipment, Services
Drilling equipment demand in the global offshore, combined with unstoppable pressure pumping activity across North America, boosted the year/year performance for Houston’s National Oilwell Varco (NOV), executives said Thursday.
Analysts: Power Demand Needed to Soak Up Gas
The too-much-of-a-good-thing story of natural gas continued Friday as analysts at Tudor, Pickering Holt & Co. updated their outlook to 2 Bcf/d of annual onshore supply growth, which far outstrips their 1 Bcf/d projection of normalized demand growth.
Analysts: Even More Gas Than We Thought
The too-much-of-a-good-thing story of natural gas continued Friday as analysts at Tudor, Pickering Holt & Co. updated their outlook to 2 Bcf/d of annual onshore supply growth, which far outstrips their 1 Bcf/d projection of normalized demand growth.
Analyst Sees No Threat to Producers from LNG
Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.
Analyst: Rig Count Must Fall; LNG Stays Away
Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.
2010 Gas Prices Are For the Bears
A Tudor, Pickering, Holt & Co. (TPH) analyst on Tuesday cut the 2010 average natural gas price forecast to $6.20/Mcf, down from an earlier forecast of $7.50, because of the faster-than-expected pickup in domestic onshore drilling. That news was followed Wednesday by an IHS Cambridge Energy Research Associates (CERA) analyst, who predicted Henry Hub gas may fall below $4/Mcf by the end of this year.
2010 Gas Prices Are For the Bears
A Tudor, Pickering, Holt & Co. (TPH) analyst on Tuesday cut the 2010 average natural gas price forecast to $6.20/Mcf, down from an earlier forecast of $7.50, because of the faster-than-expected pickup in domestic onshore drilling. That news was followed Wednesday by an IHS Cambridge Energy Research Associates (CERA) analyst, who predicted Henry Hub gas may fall below $4/Mcf by the end of this year.
2010 Gas Prices Are For the Bears
A Tudor, Pickering, Holt & Co. (TPH) analyst last week cut the 2010 average natural gas price forecast to $6.20/Mcf, down from an earlier forecast of $7.50, because of the faster-than-expected pickup in domestic onshore drilling. That news was followed Wednesday by an IHS Cambridge Energy Research Associates (CERA) analyst, who predicted Henry Hub gas may fall below $4/Mcf by the end of this year.
Gas Demand: ‘Not a Lot to Get Excited About’
With the exception of the power generation market, “I don’t see a lot to get excited about” when it comes to natural gas demand, an official with Tudor, Pickering, Holt & Co. Securities Inc. (TPH) told NGI Tuesday.