Executives from oil and gasoline corporations have revealed the place they count on the Henry Hub pure gasoline worth to be at varied factors sooner or later as a part of the primary quarter Dallas Fed Vitality Survey, which was launched lately.
The survey requested members the place they count on Henry Hub pure gasoline costs to be in six months, one 12 months, two years, and 5 years. Executives from 117 oil and gasoline corporations answered this query and gave a imply response of $3.71 per million British thermal models (MMBtu) for the six month mark, $3.98 per MMBtu for the 12 months mark, $4.30 per MMBtu for the 2 12 months mark, and $4.83 per MMBtu for the 5 12 months mark, the survey confirmed.
Executives from 117 oil and gasoline corporations additionally answered this query within the fourth quarter Dallas Fed Vitality Survey and gave a imply response of $2.97 per MMBtu for the six month mark, $3.28 per MMBtu for the 12 months mark, $3.63 per MMBtu for the 2 12 months mark, and $4.16 per MMBtu for the 5 12 months mark, that survey confirmed.
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The typical response executives from 127 oil and gasoline corporations gave after they had been requested within the newest survey what they count on the Henry Hub pure gasoline worth to be on the finish of 2025 was $3.78 per MMBtu, this survey outlined. The low forecast got here in at $2.00 per MMBtu, the excessive forecast was $5.25 per MMBtu, and the spot worth through the survey was $4.10 per MMBtu, the survey identified.
The typical response executives from 128 oil and gasoline corporations gave after they had been requested within the earlier survey what they count on the Henry Hub pure gasoline worth to be on the finish of 2025 was $3.19 per MMBtu, that survey outlined. The low forecast got here in at $2.00 per MMBtu, the excessive forecast was $4.80 per MMBtu, and the spot worth through the survey was $3.04 per MMBtu, that survey identified.
In an announcement despatched to Rigzone on April 1 by the Enverus group, Enverus Intelligence Analysis (EIR), a subsidiary of Enverus, revealed that its common NYMEX Henry Hub gasoline worth forecast for the remainder of 2025 was $3.90 per MMBtu.
“We elevated our NYMEX Henry Hub gasoline worth forecast for the remainder of 2025, pushed by the quicker than anticipated ramp up of the Plaquemines LNG facility and bullish climate,” Al Salazar, a director at EIR, stated within the assertion.
“Nevertheless, our worth outlook stays ~30 cents beneath the present ahead strip. Excessive pure gasoline costs are a headwind to gas-fired technology to the advantage of coal, whereas L48 manufacturing continues to outperform our expectations, overcoming anemic exercise” Salazar added.
A analysis observe despatched to Rigzone by the JPM Commodities Analysis group on April 4 confirmed that J.P. Morgan anticipated the U.S. pure gasoline Henry Hub worth to common $3.53 per MMBtu in 2025 and $3.23 per MMBtu in 2026.
A BMI report despatched to Rigzone by the Fitch Group on the identical day confirmed that BMI expects the entrance month Henry Hub pure gasoline worth to common $3.40 per MMBtu in 2025 and $3.80 per MMBtu in 2026.
The Dallas Fed conducts the Dallas Fed Vitality Survey quarterly to acquire a well timed evaluation of power exercise amongst oil and gasoline corporations positioned or headquartered within the Eleventh District, the Dallas Fed Vitality Survey states. The Federal Reserve Financial institution of Dallas is a part of the Federal Reserve System, the central financial institution of america, the Dallas Fed web site highlights.
EIR publishes power sector analysis targeted on the oil, pure gasoline, energy and renewable industries, its assertion highlights. BMI is a unit of Fitch Options. BMI has a 40- 12 months observe document of supporting traders, threat managers, and strategists, Fitch Options’ web site notes. J.P. Morgan describes itself on its web site as a number one world monetary companies agency with belongings of $3.9 trillion and operations worldwide.
To contact the writer, e mail andreas.exarheas@rigzone.com
