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Simmons: 2013 Will Be A Better Year For Natural Gas

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By Caroline Evans, Hart Energy
October 1, 2012

With the problem of outsized production and storage oversupply diminishing, a new report by Simmons & Co., Houston, projects that 2013 will be a better year for natural gas. Pricing should improve, as sub-$3 prices fade away “in the rearview mirror” of 2012.

The report predicts a natural gas price range of between $3.50 per thousand cubic feet (Mcf) and $4.50 per Mcf long term, compared with the current Nymex Cal 2013 of $3.75 per Mcf and a Cal 2014 of $4.10. The Energy Information Administration estimates an average price ...

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