Lehman

Unlike Lehman Brothers, which dropped its natural gas pricing forecast into 2004 (see related story), Standard & Poor’s (S&P) analysts believe that North American natural gas prices may spike this winter if the exploration and production (E&P) industry does not increase its drilling activity.

A report issued by Lehman Brothers Tuesday predicted that U.S. natural gas prices of $3-4 will support significant liquefied natural gas (LNG) capacity expansion in the next few years, with imports doubling this year over last to roughly 2% of total U.S. gas supply.

A report issued by Lehman Brothers Tuesday predicted that U.S. natural gas prices of $3-4 will support significant liquefied natural gas (LNG) capacity expansion in the next few years, with imports doubling this year over last to roughly 2% of total U.S. gas supply.

Unocal Corp. CEO Charles R. Williamson told analysts last Wednesday at Lehman Brothers’ 15th annual CEO Energy Conference in New York City that the company’s worldwide net oil and gas production could average nearly 800,000 boe/d in 2007, a 63% boost from the company’s average production last year.

Unocal Corp. CEO Charles R. Williamson told analysts on Wednesday at Lehman Brothers’ 15th annual CEO Energy Conference in New York City that the company’s worldwide net oil and gas production could average nearly 800,000 boe/d in 2007, a 63% boost from the company’s average production last year.