Search Our Website:
Natural gas prices are at historic lows, but as Buchanan Ingersoll & Rooney Energy co-chair Sean W. Moran explained to the Philadelphia Business Journal, the discount won't last.

Multiple factors contribute to low gas prices, including new drilling technology, warmer than usual weather and infrastructure deficiencies. The latter, especially, is only temporary, according to Moran.

"The infrastructure change is starting to happen," he said, which will drive natural gas prices up and make "dry-well" drilling profitable.

"[In] 50, 60, 70, 80 years, people won't look back at this as a remarkable time," Moran explained. "It's just part of the overall cycle that you go through in the development of a commodity resource."

Source:"Natural Gas Prices Getting Drilled"
(Subscription required.)
Philadelphia Business Journal
April 27, 2012