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ES - Austerity coming to Appalachia in 2020 as price outlook worsens - December 10, 2019
The price outlook for natural gas is currently worse than it was a year ago, thanks to rapidly growing US output driven by associated gas from oil production. As of Dec. 9, the 12-month strip price for Henry Hub is $2.27/MMbtu compared to $3.29/MMbtu a year ago. The Energy Information Administration estimates that US production grew 10% in 2019 to 92.1 Bcf/d and will grow 3% in 2020 to 95.1 Bcf/d. Storage numbers are......
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