Analyst Says if Haynesville Doesn’t Dial Back, M-U Will Suffer

Enverus Intelligence Research (EIR), a subsidiary of Enverus, released its latest Macro Forecaster, a report developed for the financial services industry, yesterday. The new report is focused on the outlook for near-term oil and gas prices. Unfortunately, there wasn't a lot of good news for the natural gas sector. According to Al Salazar, senior vice president at EIR, "Natural gas production has been resilient in 2023 in comparison to 2022, and we expect 2.9 Bcf/d of growth over the summer. Some of the growth will be offset by incremental LNG demand from Freeport LNG terminal’s restart and increased price-induced power burn growth, but natural gas prices will be under intense pressure." Hmmm. We don't like the sound of that.

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