Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Retooling
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Henry Hub Might Not Be Done With Sub-$2 Pricing, Bentek Says
Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Studies Find Power Sector Retooling Strategies
After a complete pullback following the energy merchant sector meltdown of two years ago, the power industry’s dramatic earnings and valuation swings in recent years have led many companies to again reset their priorities, according to a study released Thursday at Cambridge Energy Research Associates’ CERAWeek 2004 in Houston.