Stuart

It hasn’t taken long for the domestic natural gas market to be turned on its head, an Ultra Petroleum Corp. executive said recently.

The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. But Rockies gas production probably will fall short of expectations, because of the natural limits on the resource base and the continuing regulatory restrictions on growth.

The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. Speaking at GasMart in Denver Tuesday, Olson told producers the next five years are probably going to be their best ever, with “vast” revenue forecasts coming in.