What Higher Gas Prices Mean for US Shale This Winter

Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?

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Gas prices have rallied, but what will be the implications for the North American shale market this winter? (Source: Leonid Ikan/Shutterstock.com)

We are heading into winter months with record high gas prices as strong demand recovery and unplanned supply outages have led to tighter markets. According to IEA’s latest gas market report, such tensions are a reminder that security of supply remains a major topic for gas markets, only a year after a record drop in demand and oversupplied markets.

But what does this mean for the U.S. natural gas market?

Last week, the Natural Gas Supply Association (NGSA) Chairman David Attwood said he expects U.S. shale producers to be actively involved in response to the highest natural gas prices in nearly a decade.

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Faiza Rizvi

Faiza Rizvi is a senior associate editor of Business & ESG for Hart Energy's editorial department, with a strong focus on E&P Plus and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for over 5 years.