September 2011, Vol. 238 No. 9


Natural Gas Price Picture May Change By Late 2012

The natural gas market today is a completely different market from that of just three years ago. A shortage of supplies has turned into an overabundance, and production continues to outpace demand. In July 2008, the price of natural gas in Louisiana was close to $14 per MMBtu, and according to the Energy Information Administration (EIA), natural gas production levels in the Lower 48 states was 62.78 Bcf/d. Today, the price of natural gas in Louisiana is hovering around $4 per MMBtu, and natural gas production levels in the Lower 48 states have climbed to over 69 Bcf/d. Historically, as natural gas prices decline, producers curtail drilling efforts, which in turn leads to falling

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) SUBSCRIBE to Pipeline & Gas Journal magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the PGJ archives per month. $199 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the PGJ Archive, access to all special reports, special focus supplements and more. $1,395 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at or +1 713.520.4426*.



*Access will be granted the next business day.

Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}