Natural gas prices are looking bullish as associated gas production falls The price of natural gas is up more than 72 percent in the last six months as drilling in the U.S. slows. An unusually warm summer kept demand high and helped to push prices from $1.90 per MMBtu on April 15, to $3.28 on Monday. Prices could dip in the fall, but as colder weather moves in, natural gas demand is expected to increase again, helping support higher prices. (Click to enlarge) Source: Bloomberg Low natural gas prices over the last year discouraged producers from drilling new wells, and saw the number of rigs targeting natural gas fall roughly 50 percent year-over-year, according to information from Baker Hughes Industries (ticker: BHI). The company reported 94 rigs drilling for natural gas in the week ended October 7, 2016, down 2 from the previous week, and 95 from the same […]