Natural Gas Intelligence
$1 Gas Prices? Maybe Not So Bad, Says EneVest CEO

Monday, May 21, 2012

If natural gas prices were to fall to $1, that wouldn't be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry's "greatest savior," he said last week at Bentek Energy's Benposium in Houston.

Bentek Energy is forecasting that U.S. gas prices will average around $3.50/Mcf for the next five years, and be rangebound at $3-5 for the foreseeable future.

Giving a nod to the Bentek forecast, Walker said, "that's what horse races are made of."

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