Aversion to risk among natural gas companies could lead to tighter supplies and higher wholesale prices in $3.50-$4.50 rangeHigh commodity prices, low interest rates, should lead to more drilling activity, but instead companies paying down debt Brad Foss Associated Press Business Writer
It used to be that when Long Petroleum LLC sought a deep-pocketed partner to pursue a hot natural gas prospect, money was relatively easy to come by and deals were put together in a matter of months.
Today, the Shreveport, La.-based company is lucky if its phone calls are returned.
“People are afra....
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High prices haven’t prompted drilling Price collapse makes companies leery Rigs down 23 percent Prospects with volume, longevity, hard to find
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