Three-Year Bear Market Could Be Ending With Oily Industry Focus

摘要

As dry natural gas production shifts to oilier prospects, some gas producers and traders are beginning to see signs that the recent lean years for US natural gas prices could be giving way to years of plenty. "The massive 'gold rush' to shale gas that started several years ago has become nearly saturated, at least for the time being," said a project manager for a large shale gas producer in Texas. "A vast majority of the production clauses in the drilling contracts have been fulfilled and now with oil running back to record highs, the focus has moved away from gas production."