For the first time in years, market conditions for natural gas may be poised to spark growth in Colorado’s oil and gas industry.
The price for natural gas reflected in contracts for winter deliveries rose steadily in recent weeks. An upswing is normal as cold weather sets in, but contract prices are up 20% from the same point in 2019, and forecasts increasingly predict natural gas’ price rise to hold beyond winter.
Domestic oil and natural gas production has been dropping due to the collapse…