When Your Oil And Gas Operator Goes Bankrupt

Law360, New York (June 4, 2012, 1:52 PM EDT) -- Advances in production technology have led to an unprecedented supply of natural gas in the United States, putting downward pressure on market prices. Both the Henry hub cash price and the New York Mercantile Exchange (NYMEX) price closed below $2.00/one million British thermal units (MMBtu) at times in the past month, and prices continue to hover in the $2.00 range.

As the summer approaches, experts believe natural gas prices will remain depressed due to slack demand and the significant inventories that remain in storage from a...
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