With the record levels of rig activity finally realizing an increase in natural gas supply, it is possible if the trend continues to see “a prolonged period of ‘weak’ natural gas prices” in the $2-3 range, according to Thomas Driscoll of Lehman Brothers. Supply growth, the current natural gas storage overhang, and weak demand could also lead to “lackluster” exploration and production share-price performance, the analyst warned.
Prolonged
Articles from Prolonged
Key Energy Sees Extended Drilling Cycle Based on Producer Optimism
The current upturn in oil and natural gas drilling is likely to be more prolonged than similar cycles in past years judging from producers’ confidence, a top executive of Key Energy Services Inc., a leading drilling and well services equipment company, told financial analysts and producers last week.
April 23, 2001
Optimism has Key Energy Seeing Extended Drilling
The current upturn in oil and natural gas drilling is likely to be more prolonged than similar cycles in past years, a top executive of Key Energy Services Inc., a leading drilling and well services equipment company, told financial analysts and producers Tuesday.
April 18, 2001
Lower Cash Quotes Take Cue From Tuesday Screen
As sources had expected, the prolonged decline of the Junefutures contract throughout Tuesday’s trading made its influencefelt in softer cash prices Wednesday. But cash losses weredecidedly modest, with nearly all points registering drops of only2-4 cents. Futures offered only a tiny downtick of less than apenny as further guidance Wednesday.
May 20, 1999
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