Gas Drillers Predict Price Slump will Rebound
According to Bloomberg, US shale-gas drillers are betting that a price slump eroding their cash-flow outlook will be short-lived and that a rebound awaits in 2024.
A group of suppliers including EQT Corp. and Southwestern Energy Co. used the latest round of earnings calls with analysts to reassure investors that natural gas supply and demand fundamentals remain structurally bullish even after prices have slumped by more than half this year.
The second-largest natural gas play in the US by production has output reaching new heights leaving a backdrop for US natural gas prices. Growing production, increased well productivity and drilling efficiencies, and proximity to LNG export projects are supporting growth opportunities for midstream and contributes to a positive long-term outlook.
More About DUG Haynesville
Led by growth in the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to surge past the 96 Bcf/d mark in early 2024, according to the latest modeling from the Energy Information Administration (EIA). Carrying over from month-earlier projections, the Haynesville will lead natural gas production gains month/month, accounting for 152 MMcf/d of growth and raising its output to 16.409 Bcf/d, according to the latest Drilling Productivity Report.
This year’s DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. Operators in the Haynesville shale play are proud of the role they are playing in powering America and allies abroad.
Join Hart Energy LIVE in Shreveport, Louisiana on March 27-28th to gain insights on the elevated upstream and midstream activities and beyond.
Key Topics to be Covered
Join us in March when industry leaders will discuss topics such as:
- Production Operations and supply growth
- Best practices in OFS with case studies
- LNG operators' demands for Haynesville RSG and CCS
- Midstream activities currently underway
- Gas producers’ direct sales contracts with overseas buyers
- M&A Activity, price and outlook
Hart Energy LIVE is moving in a strategic direction by getting industry input to drive the conversation for each event. In order to ensure our content is not only relative to you and your peers, but also timely, a new initiative for 2023 has been to establish Conference Advisory Councils made up of industry leaders, game changers and drivers. We are grateful to our Conference Advisory Council members for their contribution to not only this industry and its success, but their expertise to drive the conference agenda to a more robust and thoughtful direction.
Vice PresidentChesapeake Energy Corp
Executive Vice PresidentDiversified Energy Company
Partner & PresidentAethon Energy
Senior Vice President & Division HeadSouthwestern Energy Company
President & CEOTG Natural Resources LLC
Advanced Geothermal Technology LeaderBaker Hughes
President & CEOSabine Oil & Gas Corporation
Senior Vice President, Gathering & ProcessingWilliams Companies Inc.
PresidentGeoSouthern Energy Holdings GP LLC
Director, Science & TechnologyMiQ
President & CEORockcliff Energy LLC
Co-Founder, Petrohawk Energy Corp.; AAPG Distinguished Lecturer 2013; Chairman, Tamboran Resources Ltd.Independent