Natural gas prices are $3.47/MMBtu, having hit a high of $3.80 and a low of $2.93. People were getting really worried when we hit that low a few weeks ago, but the market rebounded and we’re still at a healthy price point.

Gas storage is at 2,255 Bcf. That number is on its way up, as this is storage season. We’re just a little above the five-year average of 2,198 Bcf.

Drilling rigs are 578, down from a high of 587 a couple weeks ago, and down from 583 one month ago.

The EIA published its annual report on future energy consumption in the US. It predicts that there will be a decrease in energy consumption until about 2040, and then energy consumption will begin to rise again.

Natural gas production from the Marcellus was flat last year. By flat, the EIA means it grew by just 400 million cubic feet per day. That sounds like a lot, but the U.S. uses a total of 113 billion cubic feet per day, so 0.4 billion cubic feet per day is, in relative terms, flat.

The West Virginia Supreme Court will be hearing two cases on royalty deductions.

EQT has acquired yet another company, Olympus Energy.

The Chairman of the FERC has resigned, setting us up for the likelihood of a Republican-controlled FERC, which will very likely lead to easier permitting for pipelines, which we sorely need in West Virginia.

Analysis of EQT’s 1Q25 report shows that it intends to increase production slightly while reducing costs slightly, while demand for natural gas will remain strong.

In very related news, Halliburton is forecasting reduced revenue.

Weather is the driving force behind the changes in natural gas commodity prices, but traders also have an effect, and this article goes into what traders are looking at.

Here’s CNX’s 1Q25 report.

Here’s Antero’s 1Q25 report.

Here’s Expand Energy’s 1Q25 report.

The new Chairman of the FERC has said that he’s ready to speed up the permitting process.

If you know how to make natural gas-powered turbines, you have job security for the next few years.

European demand for natural gas is pushing U.S. exports up to record highs.