The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
The combination of higher U.S. prices, coronavirus demand destruction and record stockpiles in Europe has already prompted buyers to cancel dozens of U.S. LNG export cargoes for delivery this summer.
A mild winter and the coronavirus have stunted global demand.
An industry veteran says current commodity price shocks and the new coronavirus pandemic may change the fundamentals of the oil and gas sector.
With the prospect of associated gas from the Permian and Eagle Ford diminishing, many producers view the future of dry gas plays in the Appalachian Basin more positively. Those well-positioned and well-capitalized companies are staring at an unexpected opportunity.
The midstream sector may prove to be the energy industry’s best story in this black swan event as the global oil and gas business scrambles to respond to 2020’s unexpected shocks.
Goodrich Petroleum President and COO Rob Turnham discusses the strategy behind the Houston-based company’s 100% natural gas-weighted position and how the Haynesville Shale’s location helps make that successful.