Abstract
Over the past five years, natural gas prices have been extremely volatile and
have increased manyfold, reaching record highs in the wake of Hurricanes
Katrina and Rita. Forecasters still see a return to relatively moderate prices
in the future, but the outlook for gas supply and price drivers indicates
prices could go higher than previously believed. If so, it will present a
serious challenge to DE developers and operators, who need to be cognizant of
the risks related to natural gas prices.