WILL PRODUCERS BENEFIT WHEN (IF) U.S. GAS PRICES RISE IN EARNEST?

Robert H. Caldwell, Wayne A. Beninger Scotia Group Inc. Dallas Gas prices at the wellhead in the U.S. during summer 1991 were the lowest in more than 10 years, bottoming out at about $1/Mcf. The purpose of this article is to provide a brief historical perspective on where the U.S. gas exploration and producing industry is and how it got here. This is useful background in placing the current dilemma of the gas producer in perspective and in documenting what an industry cycle looks like. Energy