Natural gas prices being so low as of recent have shifted energy companies focus to oil.

1. With Low
Natural Gas
Prices, Oil is
on the rise

2. Natural Gas Prices Falling
With the price of natural
gas falling and the price
of crude oil up over
$90.00 energy companies
have shifted their focus to
oil rich areas. The
number of rigs have
increased in these oil
producing areas in the
past year but decreased
in natural gas rich areas.

3. Oil Rich Areas
The Eagle Ford Shale has
been known for its large
supply of natural gas but it
has also been blessed with
a good amount of oil as
well. Production in this
area has increased in the
past year because of this
reason as well as in the
Bakken which is similar.
Also the number of wells in
West Texas has increased
this past year which is
known for its crude oil
supply.

4. Natural Gas Rich Areas
The Haynesville Shale is a
perfect example of an
area that has been hurt
from the recent low
natural gas prices. This
area contains mainly
natural gas and the
number of wells has
decreased within the past
year. This same trend has
been seen in similar areas
such as the Marcellus and
Barnett Shales.

5. How Fluctuating Energy Market is
Affecting Individuals
The low natural gas prices has not just
affected the energy companies but many of
those who own mineral rights and royalties in
these producing areas. Because of this
instability many people have turned to selling
their mineral rights and royalties to companies
willing to buy them. This allows these people
to cash out on their investment quickly and
not have to rely on their monthly checks.

6. Overview
For a while it had seemed as if
natural gas was going to be
king and rule the energy
business which it still might
but it may have to wait its
turn. The natural gas boom
came on so fast that prices
have plummeted which has
allowed for oil wells to
become more prevalent and
profitable to drill for as of
recent. For areas like the
Eagle Ford Shale and Texas this
hasn’t affected them due to
their rich supply of oil.