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Narrow margins are back for US gas, but will producers slow output?

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Manage episode 375730100 series 2641801
Content provided by S&P Global Commodity Insights and P Global Commodity Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by S&P Global Commodity Insights and P Global Commodity Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

US Henry Hub natural gas prices have averaged just $2.43/MMBtu this year, pushing many producers close to, or even below, their breakeven price. Mild weather and weak gas demand this past winter were largely to blame, triggering a selloff that dropped gas prices from historic highs. US gas producers were slow to respond to the selloff, however, and only recently cut rigs, slowed new well starts and dialed back completions. At over 102 Bcf/d, though, US gas production remains near record highs this summer. Will recent capex cuts be enough to balance the market?

S&P Global Commodity Insights' J. Robinson, editorial lead for the Americas natural gas news team, sits down with Reed Olmstead, executive director of research and analysis for upstream, and Jeremy Beaman, editor for the American natural gas team, to discuss the outlook for US output as domestic operators readjust to leaner margins.

We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

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617 episodes

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iconShare
 
Manage episode 375730100 series 2641801
Content provided by S&P Global Commodity Insights and P Global Commodity Insights. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by S&P Global Commodity Insights and P Global Commodity Insights or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

US Henry Hub natural gas prices have averaged just $2.43/MMBtu this year, pushing many producers close to, or even below, their breakeven price. Mild weather and weak gas demand this past winter were largely to blame, triggering a selloff that dropped gas prices from historic highs. US gas producers were slow to respond to the selloff, however, and only recently cut rigs, slowed new well starts and dialed back completions. At over 102 Bcf/d, though, US gas production remains near record highs this summer. Will recent capex cuts be enough to balance the market?

S&P Global Commodity Insights' J. Robinson, editorial lead for the Americas natural gas news team, sits down with Reed Olmstead, executive director of research and analysis for upstream, and Jeremy Beaman, editor for the American natural gas team, to discuss the outlook for US output as domestic operators readjust to leaner margins.

We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

  continue reading

617 episodes

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