Report: Gas market is looking good

10/27/2010 | Oil & Gas Journal

The U.S. natural gas market is more productive than at any time in the past 35 years, and gas companies' increased focus on propane-rich gas deposits is reducing break-even points and revolutionizing the economics of exploration, according to federal analysts. "Shale gas development has turned the economics for drilling for gas on its head," said Christopher Ellsworth, a senior fuel analyst for the Federal Energy Regulatory Commission. "The cost of developing shale gas has declined and well productivity has increased as drillers gain experience with the new technology."

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