SEC's Natural Gas Price Tests Take Toll on E&Ps - Natural Ga

SEC's Natural Gas Price Tests Take Toll on E&Ps - Natural Gas Intelligence

Sharply lower natural gas prices in 2012 from 2011, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, rendering some current projects uneconomic and pushing a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

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