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COPYRIGHT 2005 Hart Publications, Inc.
The world of oil and gas pricing between 2005 and 2010 will likely look a lot different than anything the industry has seen before. In fact, during the next five years, producers could witness average crude prices of $40 to $60--at least 80% of the time--and average natural gas prices of $5 to $8.
This is one of the more salient hypotheses served this summer by Thomas A. Petrie, chairman and chief executive officer of the energy investment-banking firm Petrie Parkman & Co.
He spoke to producers and investors at two Denver energy forums, including the 10th annual Oil & Gas Conference. Among...
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