Skyrocketing natural gas prices give short-term boost to area producers
A stunning surge in short-term natural gas prices Friday related to Arctic cold moving into the central U.S. states should mean at least a short-term surge in cash flow for local natural gas producers. Natural Gas Intelligence on Friday reported that Midcontinent spot prices soared to as high as $600 per million British thermal units, with transactions at an Oklahoma trading hub all topping $125 after starting the week at around $3. âItâs an extremely historic day for natural gas, thatâs for sure,â said Chelsie Miera, executive director of the West Slope Colorado Oil and G...