Natural gas price drops hurt Oklahoma companies
BY ADAM WILMOTH NewsOK.com
Friday, January 04, 2013
OKLAHOMA CITY - Natural gas prices have not started out well in 2013 for Oklahoma energy producers.
The price slipped 16 cents, or nearly 5 percent, over the first two trading sessions of the year to close at $3.19 per thousand cubic feet Thursday.
The drop continues a six-week slide that is instilling concern in some Oklahoma producers, royalty owners and related companies that had been hopeful when the natural gas price climbed for seven months earlier in the year.
Lower natural gas prices are good for consumers and for industries such as manufacturing and chemicals production. But in a state where more than 340,000 jobs are directly or indirectly fueled by the oil and natural gas industry, the price slide can be worrisome.
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