John Jacobi, non-executive director at Haynesville shale producer Comstock Resources Inc., spoke with Hart Energy’s Jessica Morales about his outlook for natural gas opportunities and the LNG market.
A self-described “proponent of natural gas,” Jacobi previously served as co-CEO of Covey Park Energy, a Dallas-based private independent focused on the Haynesville and Bossier shale gas plays. He later joined the board of directors at Comstock Resources following its acquisition of Covey Park in 2019.
Jacobi said the country obviously has “too much gas being produced at this time” but he’s still leery of projecting a great winter as it relates to natural gas demand later this year.
“I am bullish on natural gas. I think it will be higher than it is today ... but personally I don’t think we are going to see this massive recovery that others think we will,” he said. “I look at it longer term as a commodity of choice.”
Jump to a topic:
- Winter demand forecast (1:48)
- Haynesville opportunities (4:20)
- LNG market outlook (6:38)
- Covey Park strategy (10:34)
- Tough decisions ahead (14:40)
2022-11-21 - Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
2022-09-20 - Scale equals relevance and Ranger Oil, doing everything its larger peers do, wants to build its way in the Eagle Ford to higher trading multiples, CEO and President Darrin Henke told Hart Energy in this exclusive interview.
2022-09-16 - The new acquisitions include three separate asset packages in the core of the Delaware Basin spanning a three-county area in the Permian region, U.S. Energy Development Corp. said.
2022-10-11 - Alongside news of the FireBird acquisition news, Diamondback Energy also unveiled a target to sell at least $500 million of noncore assets in support of the Midland, Texas-based company’s pledge to reward shareholders.
2022-10-17 - The deal adds inventory to Diamondback Energy—the second largest oil producer in Texas—that compares in quality to the company’s prodigious Spanish Trail acreage, analysts said.