North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels in no small part because of drilling efficiencies. At the same time, midstreamers touted the need for more gas egress capacity while the Biden administration’s LNG authorization pause threw a wrench in the outlook for some export capacity projects. Read what NGI analysts learned during 4Q2023 earnings season and how they view supply and demand trends moving forward.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

Chesapeake Energy (CHK): Record U.S. dry gas production combined with what the National Oceanic and Atmospheric Administration is calling the warmest U.S. winter on record...