SOURCE: Industrial Info Resources
April 19, 2013 06:30 ET
DENVER, CO--(Marketwired - Apr 19, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. natural gas producers have become victims of their own success, as dramatic production gains from new techniques and operating efficiencies have swelled annual gas production. Increased demand from industrial facilities has been unable to soak up all the additional supply, keeping prices relatively weak, speakers told an Oil & Gas industry conference this week in Denver. And a bad situation threatens to get worse in the coming years, as continued expansions of production will keep gas prices low. But experts predict gas prices should climb again by mid-2017.
Other companies featured: Cheniere Energy Incorporated (NYSE:LNG).
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