Quicksilver Resources Chairman Thomas Darden said supply and demand in the natural gas sector are currently "out of whack" but will correct as the economy recovers in the coming months. Despite a seven-year low for natural gas prices, "demand will come back, and that's what the market is anticipating," Darden said in an interview with MarketWatch. He noted that natural gas futures prices for late 2010 are trading at the $6 level, about double the current range. For now, however, "there's a lot of natural gas in storage and people are reading the storage numbers and there's a lot of natural gas available to put into the market on a daily basis." He said demand appears to be at or near a bottom, leading to lower investment in new wells and lower supply down the road. |