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Natural Gas & Electricity Markets

Natural Gas

As of Mid-May —
  • U.S. natural gas production is currently holding at 91.4 Bcf per day. 
  • Rig counts are standing at around 103 rigs in operation, up from 94.
  • Gas storage is at 2,029 Bcf; inventory is neutral going into summer, around 3% below the 5-year average. 
  • Prompt month prices have been rising, currently in the $2.70 - $3.09 / MMBtu range.
  • LNG (liquid natural gas) exports are neutral at 11.0 Bcf/day, exports to Mexico are at 6.2 Bcf/day.
  • Most ISO forward curves are showing a rise in electricity prices over the last several months. Prices can be expected to remain elevated somewhat throughout the summer.
  • After February's severe event and subsequent constraint prices in Texas, ERCOT has been under heavy scrutiny. ERCOT does predict having adequate reserve margins for the coming summer, but has noted that a confluence of factors in real time, including record demand, high thermal generation outages and low wind/solar output, could result in tight grid conditions.Wind output will be a key variable in late afternoon hours. 
  • FERC's (Federal Energy Regulatory Commission) MOPR rule is expected to be applied to this year’s capacity auction in PJM. However it is in jeopardy of being discontinued for future auctions. Many believe that it will add billions to electricity bills and will undermine state environmental policies aimed at increasing renewable loads.
  • Flooding rain in the Plains and Texas are likely to limit heat potential for the early summer period.
  • In the longer term, warmth should linger for a while in the East and Southeast, with the Plains and Midwest closer to normal.
  • The initial outlook for June is very hot temperatures across the country.
  • Parts of the Southwest are experiencing a severe drought that is expected to extend into the foreseeable future. Drought conditions in Texas are expected to soften with the rain that they have experienced and that is in the forecast.
  • Weather in the upper Midwest will be varialble for the near term, with some hotter days definitely in the mix.
Demand Response

Prospect Resources (PRI) is saving many of our clients significant amounts of money on their electricity accounts through Demand Response.

Call us at 847-673-1959 for more information. This year's deadline for signing up for this is close.
Energy For the Soul

There is no substitute for hard work. — Thomas Edison

Never regret anything that made you smile.– Mark Twain

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Ask your energy broker / supplier what differentiates them from others - 
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Do they have a unique strategy that sets them apart?

At PRI the answers to all of the above is a resounding YES !!
  • PRI has a unique and sophisticated strategy not employed by others
  • PRI has a unique and sophisticated strategy not employed by others
  • Over the past 15 years, PRI saved its clients an average of 16% as compared to other brokers / suppliers
  • Over the past 48 months, PRI saved its clients $50,000,000 as compared to other brokers / suppliers
PRI has redefined the energy procurement process
We will be happy to run a comparative analysis to your current broker/supplier
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Prospect Resources Inc. (PRI) is a firm that specializes in managing energy procurement (gas and electricity) for medium and large commercial and industrial clients.

The only constant in the energy markets over the past 15 years is price volatility. This reality turns energy procurement into a very risky business.  

PRI's Layered Hedging strategy is a proven alternative.
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