BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday. 

Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in light of low commodity prices. 

BPX Energy, the U.S. onshore division, produced 1,596 MMcf/d during the first quarter, weighted to the Haynesville. In 1Q2023, U.S. gas production was 1,196 MMcf/d. During the fourth quarter, domestic gas output was 1,515 MMcf/d. 

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