North American natural gas futures prices dropped for four straight sessions this week in a market flush with supplies.

Mexico LNG

On Thursday, the June New York Mercantile Exchange gas futures contract fell 6.9 cents day/day and settled at $2.101/MMBtu. July lost 6.3 cents to $2.297. 

“Lower natural gas prices…are beginning to temper activity and growth in dry natural gas plays such as the Haynesville and Eagle Ford” shales, said Enterprise Product Partners LP Co-CEO A. J. Teague during the first quarter earnings call.

While the situation right now is aggressively bearish, gas players seem to think a combination of lower production and strong demand from LNG facilities may change the picture next year.

In quarterly earnings calls, Chesapeake Energy Corp. CEO Nick Dell’Osso...