Thursday, December 20, 2012
EOG's Papa Sees 4 More Years of Low Nat Gas Prices
Our latest for Seeking Alpha, catching up with how Mark Papa sees oil and gas prices for 2013:
Key Question 4
- At what price would EOG start to get interested in drilling natural gas wells again?
Papa sees a $4/mcf to $5/mcf price for natural gas over the next three to four years, after which it will rise to a $6/mcf range which is when EOG will get back in the natural gas game.
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