Energy Revenue America Inc. has announced plans to reopen existing wells and drill new wells in the summer of 2016.
Arthur E. Berman, a Petroleum Geologist, stated: "It is conservative to say that gas may double in the next year or so."
EIA is slightly less optimistic, with expectations of approximately US$3.31 by the end of 2017.
"We are very pleased that natural gas prices are on the rise again and it comes at a great time as Energy Revenue America Inc. prepares to reopen existing wells and drill new wells this summer in Nowata County Oklahoma," stated Charles H. Havens, ERA's Chairman and Chief Operating Officer.
Edited from press release by Angharad Lock
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