RE:Hedgingthe unfortunate reality is that the NG industry took 18 months off and the horizontal wells tend to deplete fast..so the drilling response is unlikely to do much more than try to slow the falling production as it takes time to tie in new fields and DUC's are quite low now ..i just don't see meaningful net NG increases anytime soon..i'd be careful getting into hedging again anytime soon..real risk to price is if world becomes friends with Russia again..unlikely anytime soon