HOUSTON—Two prominent U.S. shale producers diverged on the role and price outlook for natural gas while speaking at CERAWeek by IHS Markit on March 8.Jeff Ventura, chairman, president and CEO of Range Resources Corp. (NYSE: RRC), was quite bullish on gas for the long term, citing great U.S. reserves, growing demand, but a lamentably low gas price.Al Walker, chairman, president and CEO of Anadarko Petroleum Corp. (NYSE: APC), was not as sanguine, saying he thinks gas prices will not be high enough to attract the company’s drillbits.
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Source: Daily Dose of ShaleDirectories.com News
March 10, 2017