Madison price poll sees firm oil, gas prices in 2001-05

Click here to enlarge imageOil & Gas Journal has introduced a recurring quarterly oil and naural gas price forecast feature developed by Madison Energy Advisors Inc., Houston (see table).The price forecasts of those polled suggest a consensus that US benchmark oil and gas prices will retreat somewhat from 2000's lofty levels but remain comfortably above $20/bbl and $2.50/MMbtu, respectively, for at least the next 5 years.Madison is an exploration and producing property transaction advisor. In October 2000, PennNet, the online subsidiary of OGJ parent company PennWell, acquired Madison and added the firm to its online vertically integrated energy services group Oil & Gas Journal Exch...

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