Low gas prices reshape Haynesville 2024 production outlook

Sub-$2 gas prices at the US benchmark Henry Hub are putting operators in the Haynesville Shale under the gun recently, raising questions about the potential for a slowdown in drilling and production there. In 2024, NYMEX prompt-month gas futures have averaged just $2.35/MMBtu to trend at their lowest year-to-date price since 2020. Over the past four weeks, mild US temperatures,… Sub-$2 gas prices at the US benchmark Henry Hub are putting operators in the Haynesville Shale under the gun recently, raising questions about the potential for a slowdown in drilling and production there. In 2024, NYMEX prompt-month gas futures have averaged just $2.35/MMBtu to trend at their lowest year-to-date price since 2020. Over the past four weeks, mild US temperatures,… Read More