Number of US oil rigs Baker Hughes +4

  • Natural gas platforms remain unchanged
  • Total Platforms +4

At some point you’d like to see real discipline in natural gas, but many players are hoping to ride out the low prices at the moment and get better prices after a cold winter in 2023-24 or building LNG in the second half of the decade. Ultimately, LNG will be a big tailwind, but this year has proven that it’s easy to bring in additional supplies, so it may be a long wait before you see $9 of gas again.

This article was written by Adam Button at


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