Appalachian Basin pure-play CNX Resources Corp. is aiming to lock in elevated natural gas prices and protect itself from market swings through an aggressive hedging strategy, CEO Nick Deluliis said Thursday. Deluliis hosted a conference call to discuss fourth-quarter and full-year 2022 results for Canonsburg, PA-based CNX. He said “from a macro perspective, we expect…
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Domestic E&Ps Hedging Less Natural Gas, More Oil into 2023 – For Now
Natural gas hedging by North American producers was subdued during the third quarter while oil activity rose, despite the near-term bullish outlook for oil and the bearish forecast for gas, according to Enverus. Each quarter the energy data consultancy reviews North American exploration and production (E&P) hedging activity to check incremental activity, valuations and implications…
December 27, 2022
Lower 48 Natural Gas Giant EQT Posts Sharp 3Q Loss, but Dealmaking to Cut Transport Costs
EQT Corp., which on Thursday reported a larger year/year loss for the third quarter, said that it expects a pair of 2021 deals to lower its firm gas transportation costs by about 5 cents/Mcfe going forward. In one deal, EQT reached an agreement to sell down up to 525 million Dth/d firm transportation capacity on…
October 28, 2021
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