Natural gas producers react to sagging prices this winter “Why would you produce your gas into a price environment like this?”
That’s why Birchcliff decided to shift spending and drilling into the back half of the year, prepared to watch for what happens with gas demand — and prices — in the coming months, Carlsen said.
“We’re trying to make sure that we protect ourselves for the downside . . . We see better pricing into (the fourth quarter) and into 2025, so it makes sense to bring those wells on later in the year,” he said.
“We are not giving up on winter, but certainly when you start it that warm, people get pretty pessimistic, pretty quickly.”
https://calgaryherald.com/opinion/columnists/varcoe-pretty-pessimistic-natural-gas-producers-react-to-sagging-prices-this-winter