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The AAPG/Datapages Combined Publications Database
Houston Geological Society Bulletin
Abstract
ABSTRACT: North American Natural Gas
$3 to $13 to $3 — Where Do We Go Now?
BarnHill Energy Resources
Natural gas prices have remained under 
downward
pressure as Lower-48
production continues to grow faster than underlying secular demand.
How much longer can the market sustain a growing production input to the
supply and demand balance? Declining net imports help the supply side, along
with two cold winters and two record hot summers, plus gains in market share
against coal-based generation have kept the market from collapsing to producer
shut-in costs. Activity in Marcellus, Eagle Ford, and the mid-Continent will
exceed declines in Haynesville and Barnett shales and lead to 2012 production
at higher levels than 2011. Will increasing demand, declining net imports,
weather, or increases in storage capacities and inventories solve the imbalance?
Or will it come down to price?
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