Natural Gas – Big Uptick in Drilling & Completion Expected in 2014


 

  • Natural gas hit a 4-year high during intraday trading on February 05, 2014, climbing to $5.73 per million British thermal units.
  • It was the highest intraday price since January 25, 2010.
  • If gas prices stay above $5 and approach $6, expect to see a big uptick in gas drilling and completion activity in Q2 and Q3 of this year.

Natural_Gas_4_Year_High

Source: Bloomberg, 05 Feb 2014

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