US natural gas prices up higher by nearly 6% today after EQT announced a 1 Bcf curtailment from late-February through March. Henry hub prices are up 10.7 cents to $1.942, the highest in nearly a month.
EQT said the move was “in response to the current low natural gas price environment resulting from warm winter weather and consequent elevated storage inventories.”
Two weeks ago Chesapeake Energy helped to turn the natural gas market by announcing it would lower capex and reduce 2024 production by around 0.8 Bcf.
Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
