Banks, reserves buyers concur on future oil, gas prices

For the second consecutive quarter, Houston energy banks and the active middle market of those companies acquiring reserves are in agreement on near and midterm expectations for oil and natural gas prices.Expectations among these groups for gas pricing in 2002 and beyond are nearly identical, while expectations for crude pricing are similarly close in 2002 and average within 5% of one another in 2003 and beyond, as shown by price projections in Oil & Gas Journal Exchange's quarterly oil and gas price forecast poll (see table).The continued consensus bodes well for increasing deal flow in the near future, said Bill Marko, vice-president and chief operating officer of OGJ Exchange. The ...

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