Haynesville Shale exploration and production (E&P) companies are biding their time and keeping an eye on forward natural gas prices in anticipation of more LNG takeaway by 2025, DT Midstream Inc. (DTM) CEO David Slater said Tuesday.

During the conference call to discuss second quarter results, Slater said the Detroit-based company is “observing moderating production levels and some short-term deferral of activity…as producers continue to operate in a disciplined manner, given the near-term weak prices.

“On a positive note, over the past few weeks we have seen rig reductions stabilize, with extreme hot weather occurring across large portions of the country. This is driving strong power demand for natural gas.”

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