Aethon Energy has curtailed natural gas development in the East Texas portion of the Haynesville Shale because of low prices, according to joint exploration partner Black Stone Minerals LP. 

Houston-based Black Stone said it received notice that the private exploration and production company was exercising a “time-out” provision under its joint agreements as natural gas prices had fallen below a specified threshold. 

“Low gas prices are obviously challenging for operators and royalty owners in the area, but we look forward to working with Aethon to minimize downtime and get the best possible results” for investors, said Black Stone CEO Thomas Carter Jr. 

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