For a sunnier natural gas production outlook, look to the Haynesville Shale, an analyst from S&P Global Platts Analytics said on a recent webinar.

For a sunnier gas price outlook, well, you’ll just have to wait, perhaps for a couple of years until oil markets are on a stronger footing, especially in the Permian Basin.

“While the oil market has recovered since the crash, WTI crude prices for next year remain weak, around the low- to mid-$20s range, and this is expected to keep oil activities subdued,” Veda Chowdhury, senior pricing specialist for S&P Global Platts, said during the webinar. “This weakness in production might stay to 2022, calling into question the immediate need for additional pipeline capacity to move gas out of the region.”

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