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Producers Seek to Balance Production Cuts as Demand Rebounds

NATURAL GAS

The longer natural gas prices remain depressed in 2024 and drilling activity reduces, the higher the chance the market could overshoot in both directions, according to EQT’s financial head Jeremy Knop, cited by Reuters.

  • “There is the risk of over-hedging causing the company to miss out on higher prices that would come when demand picks up,” Knop told the Goldman Sachs Energy, Clean Tech and Utilities conference in Miami on Jan. 4, Reuters reported.
  • Also at the conference, Chesapeake Energy CFO Mohit Singh said that production from the Haynesville basin could fall in Q1 as production rolls over with a rig count decline, Reuters added.
Energy BulletsCommodities
Energy BulletsCommodities

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