Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don’t expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City. The survey gauges current and expected oil and gas activity levels in…
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Kansas City Fed Survey Shows Softened Natural Gas Price Outlook, Fourth Straight Activity Decline
Oil and gas executives in the Rocky Mountain and Midcontinent regions no longer expect the Henry Hub natural gas price to surpass $4/MMBtu at any point in the next five years, according to the Federal Reserve Bank of Kansas City. The Kansas City Fed conducts quarterly surveys to gauge current and expected drilling activity in…
Natural Gas Prices, Drilling Activity Forecast to Rise Modestly in Midcontinent, Rockies
Despite some pressure from high drilling costs, oil and gas executives surveyed by the Federal Reserve Bank of Kansas expressed optimism on U.S. natural gas prices and future drilling activity, forecasting both would rise over the next six to 24 months. The Kansas City Fed conducts quarterly surveys to gauge current and expected drilling activity…
Rockies, Midcontinent Producers Still See Oversupplied Natural Gas Market
Oil and gas executives in the Rockies and Midcontinent have once again downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas…
Rockies, Midcontinent Producers Slash Natural Gas Price Forecasts, Citing ‘Too Much Supply’
Oil and gas executives in the Rockies and Midcontinent have downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas activity in…
Higher Natural Gas Price Spurred 2Q Midcontinent, Rockies Activity
The average natural gas price that energy firms across the Midcontinent and Rockies needed to justify substantially more drilling increased 40% sequentially in the second quarter, according to a survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is better known, said the 2Q2022 energy survey pegged the growth-inducing…