Natural Gas Prices Near $3.27 On July 13, 2009

Forest Oil Corp (Denver, CO) said its second horizontal Haynesville Shale well in Red River Parish, La., produced results of 20.3 MMcfe/d in early July. The well cost about $9 million. The company said it holds about 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage.

On July 13, during energy trading, natural gas for August delivery fell 10.1 cents to $3.272 per 1,000 cubic feet as over supply concerns continue during this summer recession.

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