Natural gas has been on a tear since hitting a 10-year low this spring. The futures contract in New York has surged 67 percent since April thanks to rising demand for natural gas from power plants and a sharp drop in drilling activity. Prices rose as high as $3.192 per 1,000 cubic feet [...]
Falling natural gas prices are taking a toll on La Plata County’s budget. The county was told Tuesday it could lose more than $920,000 in property-tax revenue because of a 25 percent drop in natural gas prices last year. The assessed value of oil and gas development in the county changes annually [...]
Continue reading …