Gas prices are rising strongly because of the cold...

Gas prices are rising strongly because of the cold weather:

http://www.upstreamonline.com/marketdata/markets_gas.htm

Natural gas prices updated: 07 January 2010 20:10 GMT USD/MMBtu (UK: GBp/therm, Alberta: CAD/Gj)
NAME LAST CHANGE % TIME PRV CLS 1 WEEK 4 WEEKS 3 MONTHS 1 YEAR 3 YEARS
UK day ahead 45.15 -1.35 -2.99 17.01 46.50 34.88 31.45 45.15 68.50
Alberta 5.47 -0.08 -1.46 18.01 5.55 5.41 4.89 6.26
North California 5.94 0.06 1.01 14.01 5.88 6.09 5.59 5.77
Appalachia average 7.58 0.63 8.31 18.01 6.95 6.20 5.40 6.26
Louisiana average 7.4 0.86 11.62 18.01 6.54 5.87 5.01 5.92
Midcontinent average 7.47 0.8 10.71 18.01 6.67 5.72 5.05 4.50
Rocky Mt average 6.1 0.3 4.92 18.01 5.80 5.40 4.99 4.42
Texas coast 7.4 0.88 11.89 18.01 6.52 5.70 4.97 5.43
West Texas average 7.47 0.98 13.12 18.01 6.49 5.60 5.11 4.79
Henry hub 7.51 1.04 13.85 18.01 6.47 5.82 5.02 5.89

Rocky Mountain price is $6.10/mcf. That would make development (or sale) of Hereford more attractive than the $3.00/mcf we were talking about a couple of months ago.