Although many investors in natural gas have been hoping to see prices start to rise, low prices have persisted as a result of continuing supply surpluses and a warmer-than-expected winter. That means that being a low-cost producer is absolutely imperative to making a profit in natural gas production today.

In this video, Motley Fool energy analyst Joel South talks about a few companies that have been able to drive costs down in an attempt to operate in the black during these difficult times for natural gas producers.

Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Ultra Petroleum. The Motley Fool owns shares of Devon Energy and Ultra Petroleum and has the following options: Long Jan 2014 $30 Calls on Ultra Petroleum, Long Jan 2014 $40 Calls on Ultra Petroleum, Long Jan 2014 $50 Calls on Ultra Petroleum, and Short Jan 2014 $20 Puts on Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.