Detroit-based DT Midstream Inc. (DTM) sees natural gas pricing in 2024 improving with liquefied natural gas projects on the Gulf Coast coming online supportive of additional production.

“There’s been a lot of focus on the short-term price of natural gas this year, which has certainly impacted producer activity, a portion of our asset portfolio,” CEO David Slater said on his company’s third quarter earnings conference call. “The resulting impact, however, is one of timing a deferral of drilling and completion activity.”

He said that forward pricing in the $3.50-$4.00/Mcf range in 2024 “is supportive of U.S. domestic production activity and growth.”

[Actionable Insight: Did you know that NGI is one of only two Price Reporting Agencies that include trade data from...