According to an analysis by S&P Global Commodity Insights, large U.S. shale gas drillers (namely Marcellus/Utica drillers) have hedged (pre-sold at a specific price) an average of 50% of anticipated shale gas production for the second half of 2023. The average price of the hedges is $3.35/Mcf, far above the average NYMEX Henry Hub price…
The post Major U.S. Shale Drillers Hedged 2H23 Gas Production Avg. $3.35 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.