UNL - Is Natural Gas The Beneficiary Of Lower Oil Prices?

Before oil prices fell off, US natural gas prices were already weak, with gas producers shifting toward maintenance capital spending and reducing growth in the second half of 2019. In recent weeks, oil-focused E&Ps have responded to the lower price environment by cutting growth capital spending, and drilling activity has plummeted. Associated gas, which describes natural gas produced by oil wells, has been a major driver of growth in natural gas production in recent years, contributing to the oversupply that has depressed prices. Associated gas production is likely to decrease in oily basins as a

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