North American drilling: We wuz wrong (sort of)

Historically, the relationship between gas and oil prices has varied wildly, but nevertheless their ratio has been between about 6 and 12 over 90% of the time during the last 20 years. Once, briefly, it hit 21 (when the first Gulf War began in 1991). In mid-July, the ratio stood at 19.3, which means...

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Bibliographic Details
Published inWorld Oil Vol. 230; no. 8
Main Authors OIL STAFF, World, CURRAN, Robert, ROMO RICO, Daniel
Format Magazine Article Trade Publication Article
LanguageEnglish
Published Houston, TX Gulf 01.08.2009
Gulf Publishing Co
Subjects
Applied sciences
Coalbed methane
Crude oil prices
Crude oil, natural gas and petroleum products
Deepwater drilling
Drilling methods and equipments. Rocks mechanics. Directional and horizontal drilling
Drilling. Casing. Preparing wells for production
Economic conditions
Energy
Exact sciences and technology
Forecasts and trends
Fuels
Fund raising
Gasoline prices
Industrywide conditions
Natural gas industry
Natural gas prices
Oil sands
Oil well drilling
Petroleum industry
Petroleum services industry
Prospecting and production of crude oil, natural gas, oil shales and tar sands
Canada
Mexico
Drilling
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Summary:Historically, the relationship between gas and oil prices has varied wildly, but nevertheless their ratio has been between about 6 and 12 over 90% of the time during the last 20 years. Once, briefly, it hit 21 (when the first Gulf War began in 1991). In mid-July, the ratio stood at 19.3, which means that, if history is any measure, either oil prices have a long way to come down, gas prices will come up, or some combination of the two will occur.
ISSN:0043-8790
2831-6304