Multi-basin exploration and production firm EOG Resources Inc. is managing its natural gas program to align with demand dynamics, management said in its first quarter earnings call.

“While we expect the natural gas market to remain soft through the end of this quarter, much like last year, we expect it to strengthen through the second-half of the year and are managing our Dorado program to align with demand,” CEO Ezra Yacob said. 

“Longer-term, we expect an additional 10 Bcf to 12 Bcf/d of demand for LNG feed gas and another 10-12 Bcf/d of demand from several areas, including overall electrification, exports to Mexico, coal power plant retirements and other industrial demand growth,” the CEO said.

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