

atural gas producers along the Texas-Louisiana border will play leading roles in the upstream sector’s recovery from the depths of its 2020 market disruptions. That positive news ranks as a key takeaway from the FundamentalEdge report published Sept. 9 by data services leader Enverus.
Producers nationwide dramatically trimmed 2020 spending plans as commodity prices fell alongside dropping demand, one notable result of the COVID-19 pandemic. Rig activity was cut and production declined nationwide as oversupply overtook the market, particularly in oil-directed plays. In turn, associated gas production dropped – and the so-called “dry gas plays” made up the difference as natural gas prices rose to multi-year highs this summer.
“For all that happened to oil, to some degree the inverse is true for natural gas,” said Rob McBride, senior director of strategic analytics at Enverus. “Natural gas is well poised for the near future. Since the historic crash a few months ago, gas has slowly crept up, but drilling rigs haven’t yet followed suit.”

Originally set as an in-person conference and exhibition, the event became another pandemic casualty due to the state’s social distancing restrictions. Now the show will go on(line) October 28 in virtual format. Online registration takes only a minute or two at dughaynesville.com. Best of all, registration is available at no cost thanks to generous support from Hart Energy’s sponsors.