U.S. natural gas demand expected to out-pace production 3-1, says EIAMajor drilling slow to respond to prices, low inventories; EIA forecasting $4.80 an Mcf price for natural gas this year, up $1.90 an Mcf from the 2002 price Petroleum News Alaska
Despite strong U.S. natural gas prices and storage levels approaching record lows, major drilling activity has been slow in responding to market fundamentals, leaving some industry analysts scratching their heads.
In fact, U.S. gas demand is expected to grow three times faster than production this....
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Devil in the details Growing demand Companies see huge gas potential in gulf’s ultra-deep formations Majority of newly available blocks on gas-prone shelf Independent hunting grounds
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