SOURCE: The Bedford Report

The Bedford Report

September 22, 2011 13:43 ET

Natural Gas Supply to Drop in Coming Years -- Prices to Recover

The Bedford Report Provides Stock Research on Chesapeake Energy & Quicksilver Resources

NEW YORK, NY--(Marketwire - Sep 22, 2011) - Shale gas has become an important feature of US energy supply. Daily production has increased from less than 1 billion cubic feet of gas per day (bcfd) in 2003, when the first modern horizontal drilling and fracture stimulation was used, to almost 20 bcfd by mid-2011. The Bedford Report examines investing opportunities in natural gas and provides stock research on Chesapeake Energy Corporation (NYSE: CHK) and Quicksilver Resources, Inc. (NYSE: KWK). Access to the full company reports can be found at:

While North American natural gas production is skyrocketing, prices have collapsed in recent years as demand has yet to match supply. The price of natural gas in the US has been cut in half from three years ago after new drilling techniques boosted output.

Two promising trends may be able to boost demand and shrink supply -- stabilizing prices -- in the coming years, however. Natural gas production in Canada, the world's third largest natural gas producer, is declining at a significant rate. The Conference Board of Canada recently issued a report arguing that production is expected to drop over the next five years, led by declines in Alberta output, which is expected to slide by 20%. Drilling activity is expected to be weak for a third consecutive year as explorers shift from natural gas plays to oil plays, where more favourable pricing exists.

The Bedford Report releases equity research on the natural gas sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

The United States' abundant natural gas reserves could provide a new path toward achieving energy security. With clean energy still a top priority, Americans have begun heralding shale gas as a cheap and clean transitional fuel to renewable energy. President Obama himself has said natural gas has "enormous" potential as a clean energy alternative to oil.

One of the largest gas producers in North America, Chesapeake Energy, said it was looking for partners to help develop shale deposits in Ohio. Chesapeake chief executive officer Aubrey McClendon said he was looking for an entity to take on a 25 percent stake in its Utica shale field in Ohio.

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