Executives in Louisiana, Texas and New Mexico are forecasting Henry Hub natural gas prices to average $4.06/MMBtu at the end of 2022, reports Natural Gas Intelligence.
Overall, the region’s oil and gas sector continued to grow in the final three months, the executives said.
The survey, conducted by the Federal Reserve Bank of Dallas on Dec. 8-16, queried executives about capital expenditures (capex) plans and commodity prices, among other things.
They also were asked for their outlook on prices for goods and services. For the latest survey, 134 executives responded, including 90 E&Ps and 44 OFS firms. Read more.