mspohr
Well-Known Member
There is hope...Low Gas Prices Crush Appalachia Shale Boom | OilPrice.com
So it looks like gas prices below $2.5/mmBtu are too low to sustain production in Appalachia. Starting to see production declines. And producers are headed for bankruptcy. Associated gas can tolerate even lower prices.
So maybe $2.2/mmBtu at Henry Hub is about as low as it can get.
It seems a nasty act of climate aggression to be flooding the markets with so much surplus gas.
"but at the very least, the drilling boom has come to an end."