Abstract
With the state of the economy slightly improving and the U.S. energy market experiencing increased exploration and production activities in shale plays, many companies and their investors are riding the wave of increased revenues and profitability. Although energy is succeeding overall, natural gas producers are struggling with the depressed state of the commodity price as a result of the realization that supply is currently greater than demand. As a result, poor total shareholder returns have Institutional Shareholder Services and shareholders unjustifiably calling for drastic changes to compensation. The natural gas industry will experience an uphill battle in the coming months as many companies attempt to avoid a failed say-on-pay vote.
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