HH Gas Price Finally Flirts with $3 Again; Is the Trend Our Friend?

Yesterday MDN editor Jim Willis had a nice chat with a renewing MDN subscriber (a landowner with wells and leases in Ohio). The question arose, "What do you see happening right now?" Jim's response: "As long as the price of natural gas stays below $3, not much!" Jim made the point that price drives this industry, and ongoing prices in the basement aren't helping. Can we get an amen? Both Jim and the subscriber agreed that gas prices may be heading higher soon. That conversation seems to have been prescient. Yesterday the front-month Henry Hub NYMEX futures price rocketed to a six-week high, close to $3 (closing at $2.96/Mcf). Are we finally going to go above, and stay above, $3 gas?

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