September 2004

Trends and Resources

HP Impact: HPImpact: Natural gas prices forecast to fall as supply comes online

Third-quarter natural gas prices at Henry Hub are forecast to average $5.86 MMBtu. Management consulting and engineering firm R.W. Beck has updated its forecast by $0.50/MMBtu due to "the unexpected i..

Weirauch, Wendy, Hydrocarbon Processing Staff

Third-quarter natural gas prices at Henry Hub are forecast to average $5.86 MMBtu. Management consulting and engineering firm R.W. Beck has updated its forecast by $0.50/MMBtu due to "the unexpected increase in oil prices in the second quarter." Other than the price per barrel, other market drivers are behaving as the analysts expected. "Natural gas injections, demand and production are right where we projected they would be," according to company researchers. Lower prices are forecast later in 2004 and into 2005 as new production from last year's increase in drilling results in looser supply. "Prices will drop over the next several years before rising to approximately $4.30/M

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