Chris Faulkner is CEO of Breitling Oil and Gas, an Irving, Texas–based petroleum and natural gas exploration and extraction company founded in October 2004. Breitling extracts and develops onshore oil and natural gas and is currently in the process of drilling several wells in Oklahoma. Institutional Investing in Infrastructure contributing editor Tyson Freeman spoke with Faulkner about what drives the market for natural gas infrastructure, drilling and exploration.
What are your expectations for natural gas as an opportunity?
A lot of the shale gas plays are not economical right now, and Breitling has shifted its drilling focus from dry gas, it is just too difficult to make money there right now. The price of natural gas was less than a third of its 2008 highs — that was low — and now it’s even less than $3.50. Demand is off from the recession still, but we did shoot ourselv