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S&P Credit Research524 word report
published Jun 08, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) June 8, 2009--Exploration and production (E&P) and oilfield service companies are suffering the effects of low natural gas prices, according to a recent report by Standard&Poor's Ratings Services, entitled "Credit FAQ: How U.S. Exploration And Production And Oilfield Service Companies Are Coping With Lower Natural Gas Prices." Although companies in the oil and gas sector are accustomed to hydrocarbon price volatility, the prolonged decline in natural gas prices since the summer of 2008 has created new hurdles. Natural gas prices have fallen to the $3-$4/per million Btu (mmBtu) range in recent months after reaching a high of more than $13 mmBtu in July (Henry Hub). "A weak economy and robust supply have been
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit FAQ Addresses Impact Of Low Natural Gas Prices On Oilfield Services And Exploration And Production Sectors Publication date: 08-Jun-2009 Primary Credit Analyst: David Lundberg, CFA, New York (1)...
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| Report Type: | News
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| Sector: | Global Issuers
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
