RE:Question.pretty straightforward, more and more nat gas production is from the various shale basins found in the US (Appalachia Marcelleus, PERMIAN etc where gas is targetted on its own or often a product of tight/shale oil production . its relatively easy and cheap to drill using
both VERY PROVEN fracing and horizontal drilling technologies. While LNG exports continue to reach new hi's -so does inventories exasperatedby by a couple of mild winters. NAT GAS PRODUCERS MAY HAVE TO LEARN THE SAME FATE AS SHALE OIL in the last 10 years where the majority of the small producers kept drilling and drilling funded by debt to the point of bankruptcy. More recently, discipline was demanded by shareholders ie RETURN OF CAPITAL TO SHAREHOLDERS and its held for the last few years..now though, it seems to be slipping once again....dwdc