With natural gas prices rising over February and March, can we expect production to pick up as a result? Many producers have been struggling since the price per million BTUs began to plummet in the middle of 2011. To cope with prices that just weren't economical to produce at, companies have been switching from natural gas to more liquids- and oil-heavy plays. If the price of natural gas can find a way to sustain itself above $4/MMBtu, they're likely to begin letting the gas flow. Should that occur, energy service companies that have suffered in the North American land market are certain to benefit.
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