Serving Clovis, Portales and the Surrounding Communities
Serving Clovis, Portales and the Surrounding Communities
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There's a fancy term for what would fix much of what ails the nation's until recently booming natural gas industry: market equilibrium. There's too much gas and not enough demand. Clearly, what's called for are Goldilocks prices for natural gas. Not too high. Not too low. Just right. Above all, predictably stable. We can dream. For now, however, natural gas is in a price slump that is gradually forcing producers to shut down wells and cut their plans for future production. Chesapeake Energy, one of the industry's giants, is...
There's a fancy term for what would fix much of what ails the nation's until recently booming natural gas industry: market equilibrium. There's too much gas and not enough demand. Clearly, what's called for are Goldilocks prices for natural gas. Not too high. Not too low. Just right. Above all, predictably stable. We can dream. For now, however, natural gas is in a price slump that is gradually forcing producers to shut down wells and cut their plans for future production. Chesapeake Energy, one of the industry's giants, is... Full story
