RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Looks like They all pretty much use the same data (even daily am data gets revised later in the day). Production is declining but obviously it can't decline very fast, can it? Even if they brought no new wells online at all, and all natural gas production was dry gas, 30% annual decline means 2.5% per month. Which of course is not the case - a lot of natural gas in the lower 48 is associated gas which is probably still growing and of course, wells are still being added. Its clearly much easier to add production than to bring it down.
Nevertheless, YoY is coming down 0.x% per month which is a big deal IMO. In math terms, the first derivative is still positive but the 2nd derivative is negative - the hill is getting less and less steep, what I'm obviously hoping for is that eventually we'll hit the the top of the hill and start going down.
Anyway, we'll see. I'm looking at front month (November) versus future months right now (barchart is the best place to get that info IMO), November 2024 is $3.72 (versus November 2023 $2.94). Which is good for Peyto.
Btw, boereport has a good summary report (from Reuters) this am on the natgas situation.
GLTA. Do your own due diligence, don't believe anything anyone else says.