Attached are two files with historical Bidweek (First of the Month) natural gas prices for three indices in the Northeast Louisiana/East Texas area that represent sales pipeline prices. I also shown basis versus NYMEX. The files include a PDF version and an Excel file for those that have access to that program.
Unfortunately, I don't think recent prices will change much until we begin exporting LNG (a couple of years away). The EPA is also getting tougher on coal powered generation plant emissions, and I understand that they will require significant reductions through pollution control upgrades that must be implemented within 3 years (takes effect Jan 1, 2012). This should also have a positive impact on new nat gas generation plants. I guess that this market will require a little patience.
Mike, the tougher air emission regulations for coal plants ramp up in 2014 and will likely result in a significant amount of current capacity being retired by then.
Any ramp up of LNG exports would not occur before the 2016/2017 time period and are not likely have a significant impact on domestic natural gas prices.
Thanks Les B...
prices will remain in $2.50 to $4.50 range untill 80% of NG rigs have been laid down for a year or more IMO